Gas & Electricity

[mancityvstoke]

Thanks for the answer. I wonder if ours had remained in the control of the state whether or not it would be on a par with other EU countries. I suspect that it would probably be a state owned shambles rather than a private shambles but who knows?

It depends on Govt subsidies and wage rates I expect.

Public transport should be heavily subsidised and utilities should not be for profit.

Just my opinion. Will never happen so get used to the shitshow we have.

 

[denislawsbackheel]

Thanks for the answer. I wonder if ours had remained in the control of the state whether or not it would be on a par with other EU countries. I suspect that it would probably be a state owned shambles rather than a private shambles but who knows?

It would still be an utter shambles because it needs a govt to realise the importance and value of a modern rail system, and then build it properly and not to the lowest proferred bid.
Even Morocco has a superb high speed rail train!

 

[PragueBlue]

Public transport should be heavily subsidised and utilities should not be for profit.

Would agree with that. Same with utilities IMO (just to bring it back onto topic a little).

 

[BlueMojito]

Sid must be a billionaire with all the reminders he got to buy shares in British Gas all those years ago. At least he'll be able to pay his gas bill.

 

[mancityvstoke]

Sid must be a billionaire with all the reminders he got to buy shares in British Gas all those years ago. At least he'll be able to pay his gas bill.

National Grid just paid a huge dividend .

 

[inbetween]

Rolls Royce already planning for the future, hopefully the share price will recover on the back of this, mine have gone from 40% plus a year ago to a near 30% loss at todays price.

Small modular reactors

Rolls-Royce SMR LTD was established to develop an affordable power plant that generates electricity using a small modular reactor.

www.rolls-royce.com

A lot of that is still because of COVID. Obviously RR make aircraft engines too and aircraft engines haven't been in great demand over the last few years and still haven't recovered to pre-pandemic levels. I read Manchester Airport were 15% down on their usual traffic over this summer (compared to pre-COVID) so we're not quite there yet.

I think this is what some forget about the energy crisis too, some of the costs are due to COVID as well, especially on the part of wholesalers because gas has to be physically imported here. That's also why inflation is crazy in everything else and not just in energy.

I suppose when folk walk into a pub soon and see that the price of a pint has gone up 20%, the first thing they'll do is call the landlord a money grabbing arse and walk out....

 

[Corky]

Thanks for the answer. I wonder if ours had remained in the control of the state whether or not it would be on a par with other EU countries. I suspect that it would probably be a state owned shambles rather than a private shambles but who knows?

The larger EU companies privatised rail, but the state own most or all of the shares.

 

[hammocity]

A lot of that is still because of COVID. Obviously RR make aircraft engines too and aircraft engines haven't been in great demand over the last few years and still haven't recovered to pre-pandemic levels. I read Manchester Airport were 15% down on their usual traffic over this summer (compared to pre-COVID) so we're not quite there yet.

I think this is what some forget about the energy crisis too, some of the costs are due to COVID as well, especially on the part of wholesalers because gas has to be physically imported here. That's also why inflation is crazy in everything else and not just in energy.

I suppose when folk walk into a pub soon and see that the price of a pint has gone up 20%, the first thing they'll do is call the landlord a money grabbing arse and walk out....

The RR share price recovered last year towards the end of Covid. They won a contract worth $2.6b last year to supply new engines for the American B52 Stratofortress aircraft. They are also involved in the small nuclear power plants I mentioned.

RR lease out a lot of their engines to Commercial Companies so as you say the with flying capacity at 85.% it’s hampering income. I’ve been in the flight monitoring unit at Derby, it’s a fascinating operation.

Just recently RR have been awarded two contracts with the USA military worth nearly $2b.

Hopefully things improve, I’m a small share holder but have “lost” around 2k compared to this time last year.

 

[Keep the Faith]

The price cap limits the rates a supplier can charge for their default tariffs . These include the standing charge and price for each kWh of electricity and gas (the units your bill is calculated from). It doesn't cap your total bill, which will change depending on how much energy you use.

The price cap sets a limit on the maximum amount suppliers can charge for each unit of gas and electricity you use, and sets a maximum daily standing charge (what you pay to have your home connected to the grid). That means there's no upper limit to what you actually pay – if you use more energy, you'll pay more, use less and you'll pay less.

 

[Keep the Faith]

The price cap is based on the average energy a typical household uses.

How much electricity and gas does the average household use?
This works out as an average of 242 kWh or electricy and 1,000 kWh of gas per month, or 2,900 kWh of electricity and 12,000 kWh of gas each year. Of course, this is just the average consumption for a household of between 2-3 people.