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

[honeybee13]

All out -did I miss that?

[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

[brassnecked]

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.,

[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.

[honeybee13]

You may not agree with his figures but this is Martin Lewis a week ago. He mentions the possibility of a Poll Tax moment.

 

Martin Lewis warns Britain faces energy bill strikes as households refuse to pay - Mirror Online

WWW.MIRROR.CO.UK

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MSE founder Martin Lewis says the rising cost of energy bills could lead some Brits to take action and refuse to pay them as these costs are set to...

 

[brassnecked]

Martin Lewis could be right on this one. looks like a bike on a frame connected to a dynamo and a battery like in Soylent Green incoming to keep a light on.

[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

 

???

[brassnecked]

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

[honeybee13]

Privatising them hasn't helped at all, has it?

 

Meanwhile France is renationalising the part of EdF it doesn't already own and has set limits on price increases. Doesn't mean it's cheap but it's more controlled.

 

I don't see why the power companies shouldn't help to share the pain when they're making huge profits. Assuming help is offered to offset bills, why should the taxpayer help to subside the shareholders?

[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

[brassnecked]

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

[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

[unclebulgaria67]

High costs of energy are feeding into increased cost of goods and services, which will help ensure that inflation is high for longer.  I think some predictions are for UK inflation rate to reach as high as 14%.

 

Are we headed for a winter of discontent under the current Government ?  Even those who backed the Tories in 2019 to 'get Brexit done' will be thinking that their living standards have dropped significantly in the last few years. 

 

How many businesses will go bust, due to increased costs of running their businesses, without an increase in income ?     If people are having to pay £3k plus in household energy costs,  this will severely impact on consumer spending levels and businesses who have just about survived during Covid, will now be at risk of having to close.

[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.

[unclebulgaria67]

Have thought for many years, even before the 2007 crash, that the Western economic system is broken and has been for a very long time.

 

The huge gap in wealth between top 1% and the rest is too wide. And tax havens enable Governments to encourage money laundering, tax evasion, tax avoidance, shell companies where ownership is unknown etc.

 

And on the topic of energy, Governments have been serving the interests of the oil companies, energy companies and those who invest to make money.  Rather than have a strategy of ensuring investment to produce energy in cheapest possible way and insulating more buildings to reduce energy consumption.

[unclebulgaria67]

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. 

[brassnecked]

They seem to have purposely let infrastructure deteriorate.

[honeybee13]

I wonder if government build infrastructure and then think that's the end of it and it won't need maintenance.

 

And I'm sure I've read in the past about maintenance being reduced because things like train lines were running well. The people doing the work said it was only running well because of the maintenance.

[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

[honeybee13]

Well done Dan Carden MP.

 

 

[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).

 

[unclebulgaria67]

Slightly off topic  but I can see this happening in UK soon.  Tinned Spam and tinned ham in security protected boxes !

 

NYC drug store has put $3.99 tins of SPAM in security cases.

NYC drug store put $3.99 tins of SPAM in theft-proof cases as crime wave continues to grip Big Apple | Daily Mail Online

WWW.DAILYMAIL.CO.UK

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Twitter user Willy Staley noticed the new policy, where the meat substitute that sells for $3.99 is sealed in a plastic container at the...

 

[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