Gas & Electricity

Sounds like she Is going to freeze prices. Wonder if this will be at current levels or October levels. Going to be a huge cost this one. 2 massive bailouts in 3 years. Debt repayments will be astronomical.
 
Millwallawayveteran1988 said:
Sounds like she Is going to freeze prices. Wonder if this will be at current levels or October levels. Going to be a huge cost this one. 2 massive bailouts in 3 years. Debt repayments will be astronomical.
Click to expand...
Do it over a 100 years, the next generation are going to get the benefit of us sorting this shit show out, they can handle an extra few pound a month when they are living on Mars!
 
abu13 said:
Martin Lewis laid it out in a quite stark way this morning.

Basically for every £100 you spend on Gas and Electric you will see an £80 increase. In October.
then in Jan whatever you are paying is likely to increase by at least 50%

So if you are paying £200 a month now, it will increase to £360 next month.
Come January you can expect another £180 increase up to £540 a month.

Just let that sink in.

There is a huge crisis coming unless the government do something radical.
Cutting a bit of Tax will do fuck all.
Click to expand...

As if any **** is actually going to pay these ridiculous bills.
 
west didsblue said:
We’re not reliant on Russian gas. We’re reliant on gas from anywhere that is being traded at an inflated wholesale price because of Russia. With our North Sea reserves it is within the power of our government to secure that gas at much cheaper rates as technically it owns it and companies pay licence fees to extract it. That would significantly reduce the gas that the retailers need to buy from elsewhere, and with an adjustment to the pricing mechanism it could be made cheaper for consumers.

The government won’t do it because it will reduce the profits of Shell, BP, Centrica and the other companies that extract gas in the North Sea. We are being taken for mugs - it’s a huge money grab from the population. Every penny we pay ends up somewhere and the excessive amounts end up with the big companies, and the government are letting it happen because they refuse to go act against the free market in any significant way.

The threat of nationalisation would probably be enough to get significant discounts to the wholesale price. Other European countries don’t have the luxury of a domestic gas source and are forced to pay the market rate. We shouldn’t be in that position.
Click to expand...
The cost of freezing energy prices is calculated to be £70bn -£100bn How does that compare to nationalising the three cos you mention?
 
Last edited:
KS55 said:
The cost of freezing energy prices is calculated to be £70m-£100m. How does that compare to nationalising the three cos you mention?
Click to expand...
I take it you mean billion. Doubt they would try and nationalise them entirely just take control of the gas fields in U.K. waters.
 
Emmanuel Macron says he wants a 10% reduction in France's energy use in the coming weeks and months, as he called on homes and businesses to cut back.

The French president warned that energy rationing plans were being prepared for this winter "in case" voluntary efforts were not enough.


Mr Macron urged people to turn down heating and air conditioning as the "best energy is that which we don't consume", adding that forced cuts "will happen as a last resort".
 
west didsblue said:
I take it you mean billion. Doubt they would try and nationalise them entirely just take control of the gas fields in U.K. waters.
Click to expand...
Yes, corrected now. Yes, even so, a big cost I guess. It could be argued that the gas fields are already effectively publicly owned as the extractors have to pay the licence fee.
PS. Edit. When a licence is granted does ownership of the gas change hands?
 
BlueHammer85 said:
Emmanuel Macron says he wants a 10% reduction in France's energy use in the coming weeks and months, as he called on homes and businesses to cut back.

The French president warned that energy rationing plans were being prepared for this winter "in case" voluntary efforts were not enough.


Mr Macron urged people to turn down heating and air conditioning as the "best energy is that which we don't consume", adding that forced cuts "will happen as a last resort".
Click to expand...
And this is a country where whole areas like Brittany mostly use wood burners.
 
KS55 said:
Yes, corrected now. Yes, even so, a big cost I guess. It could be argued that the gas fields are already effectively publicly owned as the extractors have to pay the licence fee.
PS. Edit. When a licence is granted does ownership of the gas change hands?
Click to expand...
I’ve no idea how it works legally, however I have no doubt that the government has cards it can play to make the gas extractors play ball.
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top