Gas & Electricity

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.
other countries (France) have effectively nationalised their energy companies. I wonder if they are paying less than us mugs? (Clue. of course they fucking are).
 
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.
Spot on . We did have the option to vote for a pm that would have challenged corporate greed, media monopolies and the excesses of the free market, but sadly he turned out to be a Marxist anti-Semite who was also a Czech spy and terrorist enabler ..........
 
other countries (France) have effectively nationalised their energy companies. I wonder if they are paying less than us mugs? (Clue. of course they fucking are).
The difference with France is that they don’t have any domestic gas production so that means it limits their options to controlling the retail side whereas we have the option of controlling the production side as well as the retail side meaning it doesn’t have to cost us as much as a country. Even though they have more nuclear that doesn’t help with the direct use of gas by consumers. Our biggest problem is not having a government with visionary leadership who is willing to challenge the status quo that purely benefits the energy production companies at the expense of everyone else.
 
The difference with France is that they don’t have any domestic gas production so that means it limits their options to controlling the retail side whereas we have the option of controlling the production side as well as the retail side meaning it doesn’t have to cost us as much as a country. Even though they have more nuclear that doesn’t help with the direct use of gas by consumers. Our biggest problem is not having a government with visionary leadership who is willing to challenge the status quo that purely benefits the energy production companies at the expense of everyone else.
In the first instance, they need to stop the pegging of renewal prices to gas prices. It would mean major changes to how electricity is traded in the UK but give the bastards a month to sort that out. Meanwhile slap a big fuck off windfall tax on them to claw back the excess profits they have made this year + what is projected for the coming year.
I don't know how possible it would be legally to renegotiate our oil ownership. Of course if they and previous governments had any strategic nous we could be sitting on a national oil fund similar to Norways ($1.3 trillion). By the by, something those troublemakers at the SNP have been banging on about for decades.

Lets see what half wit Truss comes up with. I guarantee it will not be enough and we will end up paying for it anyway.
 
Got a surveyor coming round tomorrow for solar panels using that greenhomes grant fingers crossed can have it.
Be aware if you ever need capital out of your house it complicates matters, I think lots more people will go for equity release just to help with spiralling cost of living inflation. Bad news once again for the younger generation, unlike mine there may be little inheritance left when their parents pass away.
 
Our house is a modest 3 bed semi and the bill after the increase is £211 but I have a credit so it’s going to be £181 so it’s not too bad. From what I’m reading that could be north of £400 this time next year and that’s not sustainable. By moving to a one or two bed smaller energy efficient property would anyone have any idea what it would cost based on my usage at my current home? There’s only me and Mrs H, we have no reason not to sell if we could downsize.
 
A lot of suppliers have stopped the EV tariffs for new customers. If the kWh cost goes above around 40p, it will be in the same ballpark as running a petrol or diesel car. Filling up away from home will definitely be at high tariffs anyway making EVs only worthwhile if you can get all the charge you need from a home charging point at the off peak rate. This crisis could completely fuck over the EV industry.
No-one buys an EV to charge away from home unless you travel far a lot but in that case an EV is probably not as practical as a diesel. Diesels however are taxed to hell and need servicing so there's no cheap option. The practical range of a decent EV is 200-300 miles so unless you're doing that everyday then you'll be charging at home 99% of the time.

I've managed to get on an EV tariff with Octopus (joined last week) so they're still open to customers, it's really worth considering asap if others are getting an EV, just in case they bin it off. I'm paying more on the usual daily rates because I've fixed but it seems a good idea to be honest as our usage is otherwise pretty low. Octopus also have no exit fees so it's easy to get out if they bin the EV tariff or the price cap drops (lol, fat chance).

Night charging prices are 7.5p per kWh so that's around £5-£6 to charge up and give 300 miles or so. The main problem for anyone considering an EV now isn't the price of electricity but rather what inflation has done to the price of the car itself. Most cars have jumped up at least 10-20% in price this year and they aren't cheap to begin with.

The car I've ordered was £400pm on lease earlier this year. To order it now is something like £550pm and if I'd of been paying that then I'd be keeping the diesel!
 
Be aware if you ever need capital out of your house it complicates matters, I think lots more people will go for equity release just to help with spiralling cost of living inflation. Bad news once again for the younger generation, unlike mine there may be little inheritance left when their parents pass away.

I should be fine on that front, how does it complicate matters btw?
 

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