Gas & Electricity

[Alan Harper's Tash]

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.

Who do we repay this money to?

Surprised Boris didn’t just write it off and carry on.

 

[BlueHammer85]

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".

 

[KS55]

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.

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?

 

[andyhinch]

As if any **** is actually going to pay these ridiculous bills.

Don’t have much choice if you’re on a pre payment meter.

 

[denislawsbackheel]

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".

And this is a country where whole areas like Brittany mostly use wood burners.

 

[west didsblue]

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?

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.

 

[Cotontoquinn]

Worth watching Panaroma tonight - now on BBC iPlayer catchup.

 

[RandomJ]

Squid Game loading

Fuck me this is some black mirror shit. “Are you going to freeze this winter? Let’s spin that wheel and find out!”

 

[Millwallawayveteran1988]

Who do we repay this money to?

Surprised Boris didn’t just write it off and carry on.

UK National Debt - Economics Help

What national debt is and why important. Latest figures on National Debt and how Covid-19 will affect debt? Can we pay for the increased borrowing?

www.economicshelp.org

If you can’t sleep one night and need help nodding off….

 

[Alan Harper's Tash]

UK National Debt - Economics Help

What national debt is and why important. Latest figures on National Debt and how Covid-19 will affect debt? Can we pay for the increased borrowing?

www.economicshelp.org

If you can’t sleep one night and need help nodding off….

I know really. It just seems like made up money that no one would miss if it wasn’t repaid.