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

[tobyjugg2]

Ministers seem to be able to supply an endless stream of hot air and methane ... shame we cant heat ourselves and cook with those

[tobyjugg2]

don't worry.

I'm sure Johnsons government is moving heaven and earth ... to get the £3,500 Mp's energy expenses allowance increased

.. as everyone knows you simply cant heat 3 large houses on that now without it threatening cutting into your MP's salary .. or political donations from the energy companies ..  or your 'advisory role' payments for companies you 'advise' your gov pals to use ..

 

especially as dropping the extra costs into your shell companies expenses and tax breaks are hitting the limits of even populist boundaries given the threats of investigations ..

Edited July 22, 2022 by tobyjugg2

[tobyjugg2]

talking about severe drought in August now aren't they?

Just a few months after severe floods

 

... Mind you - it all averages out about right give or take a few degrees or a few million gallons of water over the whole world and over an eon or 2 eh climate science deniers

and the water and power companies are making record profits with record payments to senior staff - so they must be doing well ...

 

[tobyjugg2]

Yep, as:

Despite the flood/drought boom/bust now well established and largely (as) predicted

 

* We had floods, with water companies literally adding lakes of doodoo to the overflowing rivers while paying their bosses massive bonuses for a job ell done ..

 

* Now 10 minutes later and a 'bit of warm weather' as the climate science deniers claim - and we are battering down the doors of a drought

 

* So how are they adding to that failure? - not just a hosepipe ban, but also banning farmers from watering their crops

- well they might as let them die as there's nobody to pick them anyway eh?

 

- Ready for the food shortages caused by that knock on effect?

* Yep - by breaking our agreements and international law and generating a trade war with a massive trade block just next door

 

Incompetent twats careering from one entirely predictable disaster to the next.

Edited July 26, 2022 by tobyjugg2

[tobyjugg2]

“Prepayment customers will be looking to top up their meters with £500 in January”

 

"The average household could face a (monthly) bill of £500 for energy in January 2023, with a prediction of an annual price cap of £3,850, far exceeding already gloomy predictions for rising bills made earlier this year"

- utilities consultancy BFY Group

 

Energy bills set to hit £500 a month as Russia squeezes gas supply

WWW.INDEPENDENT.CO.UK

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‘Almighty hit’ to living standards as fresh estimates predict even higher costs

[tobyjugg2]

On 22/07/2022 at 18:36, Ethel Street said:

I stockpiled for Brexit but didn't need it.

 

Theres time yet.

 

On 22/07/2022 at 18:36, Ethel Street said:

 

Then I stockpiled for Covid and didn't need it.

 

My daughter in law (a nurse) was in a similar situation to the nurse whos video went viral

The extended family shared out what they had with each other in that period

 

 

On 22/07/2022 at 18:36, Ethel Street said:

 

Now I've got to start again!  I've only just got through the last box of tinned fish.  

 

Cold tinned fish - makes a van load of tins of beans and longlife milk seem gordon blue

- off out to stock up with baked beans again

 

wonder if boiler will run off methane ..

Edited July 28, 2022 by tobyjugg2

[tobyjugg2]

17 minutes ago, brassnecked said:

Its going to go all Kaiser Chief's on them then TJ, many especially singles  and low income families workingh with UB top ups on benefits don't even have £500 in total per month after rent mortgage, and Council tax all paid so they are screwed.,

 

That latest estimate just increases the cap a bit (sic), we were past 400 quid average a month projection already.

[tobyjugg2]

Can anybody explain to me (other than rampant profiteering) why

 

Given the UK guv was claiming only something like 4% of British gas comes from russia and gloating about how the EU had so much more exposure to Russian gas :

 

... why are our prices going through the roof - literally multiplying, FAR higher than the EU is allowing their companies, when we apparently have

 

* so little 'exposure to Russian manipulation

* export to other countries (at top dollar)

* and 'our/british energy companies are making record profits at our expense from the nations resources

 

???

[tobyjugg2]

1 hour ago, brassnecked said:

The Energyco's are in French and other Foreign ownership?

 

whoever owns them -  UK business subject to UK laws and requirements (or lack of them) and BP is based in London

- and I'd like to hear our brexiter populist guv explain the cost of 'foreign' profiteering, which the PM hopefuls have all cheered as examples of success ... to the brexit fan base

[tobyjugg2]

32 minutes ago, brassnecked said:

Winners and loser's both ways TJ, Brexit was a mismanaged mess.

 

I wonder how many of even Brexit voting ordinary people are on the winning side of that?

Bet its a very very very small minority

[tobyjugg2]

truss will just whack a load more debt on the taxpayer credit card, and like Johnson consider it someone elses future problem

Sunak unlikely to be any better overall - just very bad in a slightly different way.

[tobyjugg2]

5 hours ago, unclebulgaria67 said:

Housing developers could be blocked from starting new west London projects until 2035 | Daily Mail Online

WWW.DAILYMAIL.CO.UK

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The Greater London Authority has told developers that it may take more than 10 years for capacity to rise to a level at which it can...

 

Sounds like the working from home economy is at risk as well, if the Internet goes down for extended periods, as the data centres have no power or restrictions placed on them. 

 

Hopefully the power will stay flowing, but the modern world we live in is all about technology that uses a lot of electric. 

 

 

Never mind internet and  power .. What about water/sewage ?

 

* They are already pouring literally millions of liters of poo into the waterways every year because the sewage infrastructure cant cope  - and rewarding themselves and shareholders handsomely for doing that with Billions under spent on even existing infrastructure used to pay massive bonuses and unwarranted dividends

 

* Reservoirs are already struggling .. wait until just 2 years from now to likely see some boom/bust flood/drought that will make this year seem a breeze

 

 

 

Edited July 29, 2022 by tobyjugg2

[tobyjugg2]

Not a cap

- demonstrably just a profit enabling mechanism

 

As they are already making record profits with the 'target' increases already, where is there ANY justification to raise it further?

 

[tobyjugg2]

Thing is, I do largely agree with Starmer that water should not be renationalised at this stage ....

 

They had huge debts wiped out by thatcherite policy when they were privatised

They immediately started running the companies into MASSIVE debt again to pay massively increased senior staff pay increases and huge dividends - not to invest in infrastructure

 

They are now just worthless debt mountains which the taxpayer would have to bail out - AGAIN, let alone all the pension schemes with large share holdings if renationalised.

 

 

So

FOR STARTERS - Legislate that no more than say 5% of actual investment level can be paid as dividends ...

.. and zero bonus to directors if the company fails to meet investment, debt reduction and environmental requirements (with associated huge fines and cleanup costs).

 

[tobyjugg2]

"Hosepipe ban and compulsory water metering needed, say advisers, as nation braces for drought"

.. they must mean 'to maintain dividends' - says advisors who presumably advised them on practices that got us to such a poor water and sewage infrastructure state with such high dividend and bonus payouts

 

Act now on water or face emergency queues on the streets, UK warned | Climate crisis | The Guardian

WWW.THEGUARDIAN.COM

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Hosepipe ban and compulsory water metering needed, say advisers, as nation braces for drought

 

[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".

 

 

 

.

[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

[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?

[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

 

[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