UK Power supplies Winter 2022/2023. Are you prepared ?

[honeybee13]

The Don't Pay UK movement seems to be gathering momentum. It's being compared with the poll tax revolt.

 

Enough is enough: this winter I will be refusing to pay my energy bills | Christopher | The Guardian

WWW.THEGUARDIAN.COM

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Tens of thousands of Britons have made a pledge to the Don’t Pay campaign. It’s a last resort, but we’ve no other choice, says Christopher (a...

 

[brassnecked]

Need to be wary of that one links to Soros and Clintons apparently

[honeybee13]

I'm not up to speed on that one, BN.

[tobyjugg2]

The big issue with not paying is that you are hitting the 'resellers like Octopus not the profiteers

 

The energy giants profiteering needs to be dealt with severely by governments

Given the effects the profiteering is having on economies, I would seriously consider treating it on the basis of an act of war.

Sounds severe and extreme - but so is the situation

Not just consumer bills, businesses economies are going bust while they rake in massive profits

[tobyjugg2]

and whos enabling the Russians to bypass sanctions ... apart from our new trade 'partner' India?

 

Banned Russian oligarchs exploited UK secrecy loophole

WWW.BBC.COM

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A BBC investigation links a little-known type of company to fraud, terrorism and money laundering.

 

"A joint investigation by the BBC and Finance Uncovered has discovered evidence linking a number of ELPs to fraud, terrorism and money laundering.

In 2016 and 2017, the government introduced measures that forced almost all UK companies to identify their real owners. ELPs were not covered by these new transparency laws.

Since then, more than 4,500 of them have been set up."

 

 

 

[tobyjugg2]

fascicle if it wasn't so corrupt and criminal

 

They are making record profits - so let them charge more every 3 months say Ofgem

what is the point of them.

 

the energy price cap will be adjusted every three months instead of every six, regulator Ofgem has confirmed today, as it warned customers face "a very challenging winter".

 

 

 

.

[unclebulgaria67]

I think the do not pay movement is a positive step, as it is advocating paying what is affordable.

 

If the resellers cannot buy gas/electric as their customers are not paying enough to them, then Government would be forced to step in to avoid a crisis.

 

What action would Governments take ?   If the market has failed, then same as with the bailout of Banks in 2007/2008.  Government would most likely borrow large sums to take ownership of some of the big energy producers and resellers.  

[tobyjugg2]

1 hour ago, unclebulgaria67 said:

I think the do not pay movement is a positive step, as it is advocating paying what is affordable.

 

If the resellers cannot buy gas/electric as their customers are not paying enough to them, then Government would be forced to step in to avoid a crisis.

 

Nope, consider to whom you are referring

They would blame the resellers and let them go bust

 

1 hour ago, unclebulgaria67 said:

 

What action would Governments take ?   If the market has failed, then same as with the bailout of Banks in 2007/2008.  Government would most likely borrow large sums to take ownership of some of the big energy producers and resellers.  

 

Like they did with bulb - reams of taxpayer money to the 'business' and incompetent but no ownership - do you really think they should have?

 

 

Unc, you seem to be advocating addressing anything BUT addressing the core issue of the big energy suppliers profiteering

- in fact using taxpayer money in bailouts to support it

 

 

 

???

Edited August 5, 2022 by tobyjugg2

[honeybee13]

Bloomberg - Are you a robot?

WWW.BLOOMBERG.COM

 

Sorry about the link above. I've tested it and it works for me. Bloomberg is discussing the UK's plans for the coming winter for power supplies.

[tobyjugg2]

Usually happens if certain proxies used while embedding  HB

 

clicks through OK with my current proxy

Edited August 9, 2022 by tobyjugg2

[tobyjugg2]

Very interesting summary article HB

I've been out of power systems for a decade now but try to 'keep in touch'

 

Even without insider awareness ..

 

“a gas supply underpinned by robust legal contracts.”

"temporarily overriding commercial agreements"

 

"The nation has been shipping record amounts of gas to the continent (that might upset the Brexhiters) and will want the favor returned when temperatures plunge."

- From a country proposing reneging on international and national agreements?

[brassnecked]

worked fine for me  Stats jamie jamie Jenkins is punting that link on Twitter.

[honeybee13]

I wasn't using a proxy but clicking on the link in my post worked, I checked. It's just that it didn't become embedded like articles from elsewhere.

[unclebulgaria67]

On BBC News night yesterday they were talking about the economic crisis and imagining the possibility that some large businesses who are high energy users could be restricted to 3 days working during the Winter. 

 

Given the very high costs of energy, I guess in some cases, businesses might decide that it is uneconomical to continue production anyway, as they could not pass on the increased costs of production to buyers. 

 

Governments including UK should look at directly subsidising the cost of energy to keep the prices down, as if they fail to do so, the economic consequences could be greater.  They would need to do the sums, but by my reckoning, the cost of Government paying to keep energy costs at current prices would be cheaper than just letting the prices continue to rise and then dealing with the damage caused.

 

 

[tobyjugg2]

Just curbing the rampant profiteering by the large energy companies would be a start

 

The profits they are making in just the last 3 months are obscene, and they are shunting around 50% of it (billions and billions) straight back to shareholders in buy backs and dividends.

 

Capitalism gone amok

 

'Governments directly subsidising the high cost'  as you suggest is just shunting taxpayer money into energy company obscene profits, although its a slight improvement as its at least those who earn enough to pay tax that would be hit more - bit of course not the wealthiest, who report sod all taxable earnings in the UK.

 

Its the profiteering that needs to be curbed. and it needs to be done 3 months ago.

 

[tobyjugg2]

Gordon Brown says energy firms unable to offer lower bills should be temporarily re-nationalised | Gordon Brown | The Guardian

WWW.THEGUARDIAN.COM

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Former PM calls for energy price cap to be scrapped and new lower prices renegotiated by government

 

[tobyjugg2]

while Tory populists say 'we simply wont have attacks on doner energy company profits

 

UK ministers row back from extending windfall tax on energy firms | Energy industry | The Guardian

WWW.THEGUARDIAN.COM

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Liz Truss and Kwasi Kwarteng make clear they do not support idea briefed by Treasury sources on Tuesday

 

[brassnecked]

Will leave this here looks like the politicians are at war with the people.  For what good it does should OFGEM be abolished?

 

Energy: a looming calamity | Turbulent Times

WWW.TURBULENTTIMES.CO.UK

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Not my words, but from a Telegraph comment piece headed: “Energy price rises are a looming calamity”. Like other recent commentary, it notes the...

 

[honeybee13]

 

To add to your article, BN, this is James O'Brien today.

 

[honeybee13]

1 hour ago, brassnecked said:

Will leave this here looks like the politicians are at war with the people.  For what good it does should OFGEM be abolished?

 

Energy: a looming calamity | Turbulent Times

WWW.TURBULENTTIMES.CO.UK

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Not my words, but from a Telegraph comment piece headed: “Energy price rises are a looming calamity”. Like other recent commentary, it notes the...

 

 

Interesting comments from Richard North, BN. What do you think about his suggestions of playing the system rather than going on strike? It may not be for the faint-hearted.

 

As for Ofgem, I don't really understand how they help, although part of that could be that the energy 'cap' isn't a cap at all. A lot of people think they just rubber stamp whatever the energy companies say they want the cap to be.

[tobyjugg2]

4 hours ago, brassnecked said:

Will leave this here looks like the politicians are at war with the people.  For what good it does should OFGEM be abolished?

 

 

1. What good is it doing now other than legitimising monstrous charge increases while they are making record profits

2. The government wouldn't have ofgem to point at saying - its not us its them

 

Surely Ofgem has proven its unit for purpose?

 

Very good points in the article though

Edited August 11, 2022 by tobyjugg2

[tobyjugg2]

Oh, and has everyone seen that shell 'greenwashing attempt advert?

Claiming they are doing/delivering this that and the other green energy?

 

Read the small print on the advert if you are quick enough where it says the green stuff referred is supplied from/by the national grid ... to shell outlets

... where its sold at a profit

Edited August 11, 2022 by tobyjugg2

[honeybee13]

I don't follow that, TJ.

[tobyjugg2]

Shell have an advert shouting out 'their' (implied) green credentials

Small print admits the green stuff is supplied to shell outlets from the national grid - the green (wind/solar etc) generated stuff as a proportion of the grid supply

 

Seems they are just selling others green generated electricity at shell store/station outlets - and at a profit of course but trying to claim green credentials off the back of it implying - but carefully not stating -  they were generating the green energy they are selling

Edited August 11, 2022 by tobyjugg2

[tobyjugg2]

and puting these profits in perspective (and I haven't seen how much of these record breaking profits are specifically at UK customer expense - THAT needs identifying

(remember France has limited the increase in charges)

 

Labour has accused the government of favouring oil and gas giants with a “uniquely generous” regime of tax and subsidies, after it emerged that Shell had received more than £100m from the UK taxpayer in 2021."

 

"State subsidies outweighed charges in only a handful of countries, and the UK was by far the biggest payer, followed by India at £15m and Germany at £3m."

- £700M in subsidies from the UK taxpayer

 

 

 

Labour blasts ‘absurd’ tax regime after report shows Shell received £100m from UK

WWW.INDEPENDENT.CO.UK

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Call for companies to pay ‘fair share’ during cost of living crisis

 

Edited August 11, 2022 by tobyjugg2