Bulletguy Posted September 21, 2021 Share Posted September 21, 2021 The EU have the IEM which subsidises wholesale energy rises keeping their energy prices low. We left that 1/1/21 with Brexit. https://unearthed.greenpeace.org/2018/06/14/brexit-eu-internal-single-energy-market-interconnector/ Link to comment Share on other sites More sharing options...
John52 Posted September 22, 2021 Share Posted September 22, 2021 Privatising our power and water supplies was like privatising our railways. I didn't see how it could work to our benefit, and still don't. (apart from getting in on the undervalued share issues which I did, on the grounds that if someone was going to make money out of it, that might as well be me) Even Norman Tebbit said Railway Privatisation wouldn't work But, like Brexit, they did it anyway The only major country in the world to sell off our power and water supplies to foreign corporations :-S And we have millions of tons of coal beneath our feet Link to comment Share on other sites More sharing options...
John52 Posted September 22, 2021 Share Posted September 22, 2021 colin - 2021-09-21 1:18 PM Boris 'the butcher' could have easily followed his promise and dropped VAT on fuel on leaving EU, but it seems it was just another lie. Now we have the government following leftie ideas, with a cap on prices, and then promising to give tax payers money to the 'big' companies who take on customers from failed smaller companies. We left the EU to stop them getting into Her Majesty's Tax havens and making the wealthiest pay tax. So he taxes the little people more instead >:-) Link to comment Share on other sites More sharing options...
Guest pelmetman Posted September 22, 2021 Share Posted September 22, 2021 pelmetman - 2021-09-21 8:01 AM CurtainRaiser - 2021-09-20 10:08 PM pelmetman - 2021-09-20 8:41 PM CurtainRaiser - 2021-09-20 8:44 AM pelmetman - 2021-09-20 7:44 AM CurtainRaiser - 2021-09-19 9:10 PM pelmetman - 2021-09-19 7:27 PM CurtainRaiser - 2021-09-19 4:23 PM pelmetman - 2021-09-19 3:03 PM GarySueLola - 2021-09-19 2:36 PM No doubt we will get the usual defensive insulting comments from the brexiters on this thread. Interesting how defensive they have to be - probably because remainers can produce a long and qualitative list of things that are damaging britain as result of brexit, but the leave side struggle to come up with anything tangible (usual meaningless words such as sovereignty, control blah blah). The only thing they try to hang onto is the vaccine programme, but that in itself is spurious as it was actins of a few clever people outside the govt. that got us going, nothing to do with being outside the EU. Without doubt brexit has broken many promises and has also broken britain, but a bit like trying to convert a catholic to aetheism you won't get anywhere with them, brexiteers still believe the fantasy and won't admit it was wrong. So world gas prices going up is due to Brexit? ;-) .......... Perhaps you LOSERS could explain how that works??? (lol) (lol) (lol) ........ Take a look at the spot price for electric Spot the Porky >:-) .......... "The highest residential electricity prices within Europe are paid in Germany [30.34 cents] and Denmark [28.33] for many years in a row now. The price per kilowatt hour is more than three times higher than in Bulgaria [9.97 cents]. Belgium [27.92 cents] and Ireland [24.13 cents] are competing for the 3rd and 4th position in the electricity price ranking. Spain follows in fifth place with 22.39 cents per kilowatt hour." https://strom-report.de/electricity-prices-europe/ (lol) (lol) (lol) .......... Your link is from 2020, do you understand what a spot price is? Probably not. Latest https://www.epexspot.com/en/market-data Who in the UK buys their Leccy daily from the spot market??? 8-)............ The gas and electricity companies buy some of their supply from the spot markets. I would have thought a international business man like you would know that. Evidence? ;-) .......... As an international business man I never believe a word spoken by someone who has a history of posting untruths >:-) ............. Google it. I've tried ;-) ........... Bump........Have you had any better luck? ;-) ....... Finding evidence to back up your claim (?) ........ Link to comment Share on other sites More sharing options...
CurtainRaiser Posted September 22, 2021 Author Share Posted September 22, 2021 pelmetman - 2021-09-22 8:39 AM pelmetman - 2021-09-21 8:01 AM CurtainRaiser - 2021-09-20 10:08 PM pelmetman - 2021-09-20 8:41 PM CurtainRaiser - 2021-09-20 8:44 AM pelmetman - 2021-09-20 7:44 AM CurtainRaiser - 2021-09-19 9:10 PM pelmetman - 2021-09-19 7:27 PM CurtainRaiser - 2021-09-19 4:23 PM pelmetman - 2021-09-19 3:03 PM GarySueLola - 2021-09-19 2:36 PM No doubt we will get the usual defensive insulting comments from the brexiters on this thread. Interesting how defensive they have to be - probably because remainers can produce a long and qualitative list of things that are damaging britain as result of brexit, but the leave side struggle to come up with anything tangible (usual meaningless words such as sovereignty, control blah blah). The only thing they try to hang onto is the vaccine programme, but that in itself is spurious as it was actins of a few clever people outside the govt. that got us going, nothing to do with being outside the EU. Without doubt brexit has broken many promises and has also broken britain, but a bit like trying to convert a catholic to aetheism you won't get anywhere with them, brexiteers still believe the fantasy and won't admit it was wrong. So world gas prices going up is due to Brexit? ;-) .......... Perhaps you LOSERS could explain how that works??? (lol) (lol) (lol) ........ Take a look at the spot price for electric Spot the Porky >:-) .......... "The highest residential electricity prices within Europe are paid in Germany [30.34 cents] and Denmark [28.33] for many years in a row now. The price per kilowatt hour is more than three times higher than in Bulgaria [9.97 cents]. Belgium [27.92 cents] and Ireland [24.13 cents] are competing for the 3rd and 4th position in the electricity price ranking. Spain follows in fifth place with 22.39 cents per kilowatt hour." https://strom-report.de/electricity-prices-europe/ (lol) (lol) (lol) .......... Your link is from 2020, do you understand what a spot price is? Probably not. Latest https://www.epexspot.com/en/market-data Who in the UK buys their Leccy daily from the spot market??? 8-)............ The gas and electricity companies buy some of their supply from the spot markets. I would have thought a international business man like you would know that. Evidence? ;-) .......... As an international business man I never believe a word spoken by someone who has a history of posting untruths >:-) ............. Google it. I've tried ;-) ........... Bump........Have you had any better luck? ;-) ....... Finding evidence to back up your claim (?) ........ Yes thanks. Link to comment Share on other sites More sharing options...
Guest pelmetman Posted September 22, 2021 Share Posted September 22, 2021 CurtainRaiser - 2021-09-22 9:00 AM pelmetman - 2021-09-22 8:39 AM pelmetman - 2021-09-21 8:01 AM CurtainRaiser - 2021-09-20 10:08 PM pelmetman - 2021-09-20 8:41 PM CurtainRaiser - 2021-09-20 8:44 AM pelmetman - 2021-09-20 7:44 AM CurtainRaiser - 2021-09-19 9:10 PM pelmetman - 2021-09-19 7:27 PM CurtainRaiser - 2021-09-19 4:23 PM pelmetman - 2021-09-19 3:03 PM GarySueLola - 2021-09-19 2:36 PM No doubt we will get the usual defensive insulting comments from the brexiters on this thread. Interesting how defensive they have to be - probably because remainers can produce a long and qualitative list of things that are damaging britain as result of brexit, but the leave side struggle to come up with anything tangible (usual meaningless words such as sovereignty, control blah blah). The only thing they try to hang onto is the vaccine programme, but that in itself is spurious as it was actins of a few clever people outside the govt. that got us going, nothing to do with being outside the EU. Without doubt brexit has broken many promises and has also broken britain, but a bit like trying to convert a catholic to aetheism you won't get anywhere with them, brexiteers still believe the fantasy and won't admit it was wrong. So world gas prices going up is due to Brexit? ;-) .......... Perhaps you LOSERS could explain how that works??? (lol) (lol) (lol) ........ Take a look at the spot price for electric Spot the Porky >:-) .......... "The highest residential electricity prices within Europe are paid in Germany [30.34 cents] and Denmark [28.33] for many years in a row now. The price per kilowatt hour is more than three times higher than in Bulgaria [9.97 cents]. Belgium [27.92 cents] and Ireland [24.13 cents] are competing for the 3rd and 4th position in the electricity price ranking. Spain follows in fifth place with 22.39 cents per kilowatt hour." https://strom-report.de/electricity-prices-europe/ (lol) (lol) (lol) .......... Your link is from 2020, do you understand what a spot price is? Probably not. Latest https://www.epexspot.com/en/market-data Who in the UK buys their Leccy daily from the spot market??? 8-)............ The gas and electricity companies buy some of their supply from the spot markets. I would have thought a international business man like you would know that. Evidence? ;-) .......... As an international business man I never believe a word spoken by someone who has a history of posting untruths >:-) ............. Google it. I've tried ;-) ........... Bump........Have you had any better luck? ;-) ....... Finding evidence to back up your claim (?) ........ Yes thanks. Well prove that you weren't telling Porkies then >:-) ......... Link to comment Share on other sites More sharing options...
CurtainRaiser Posted September 22, 2021 Author Share Posted September 22, 2021 pelmetman - 2021-09-22 10:34 AM CurtainRaiser - 2021-09-22 9:00 AM pelmetman - 2021-09-22 8:39 AM pelmetman - 2021-09-21 8:01 AM CurtainRaiser - 2021-09-20 10:08 PM pelmetman - 2021-09-20 8:41 PM CurtainRaiser - 2021-09-20 8:44 AM pelmetman - 2021-09-20 7:44 AM CurtainRaiser - 2021-09-19 9:10 PM pelmetman - 2021-09-19 7:27 PM CurtainRaiser - 2021-09-19 4:23 PM pelmetman - 2021-09-19 3:03 PM GarySueLola - 2021-09-19 2:36 PM No doubt we will get the usual defensive insulting comments from the brexiters on this thread. Interesting how defensive they have to be - probably because remainers can produce a long and qualitative list of things that are damaging britain as result of brexit, but the leave side struggle to come up with anything tangible (usual meaningless words such as sovereignty, control blah blah). The only thing they try to hang onto is the vaccine programme, but that in itself is spurious as it was actins of a few clever people outside the govt. that got us going, nothing to do with being outside the EU. Without doubt brexit has broken many promises and has also broken britain, but a bit like trying to convert a catholic to aetheism you won't get anywhere with them, brexiteers still believe the fantasy and won't admit it was wrong. So world gas prices going up is due to Brexit? ;-) .......... Perhaps you LOSERS could explain how that works??? (lol) (lol) (lol) ........ Take a look at the spot price for electric Spot the Porky >:-) .......... "The highest residential electricity prices within Europe are paid in Germany [30.34 cents] and Denmark [28.33] for many years in a row now. The price per kilowatt hour is more than three times higher than in Bulgaria [9.97 cents]. Belgium [27.92 cents] and Ireland [24.13 cents] are competing for the 3rd and 4th position in the electricity price ranking. Spain follows in fifth place with 22.39 cents per kilowatt hour." https://strom-report.de/electricity-prices-europe/ (lol) (lol) (lol) .......... Your link is from 2020, do you understand what a spot price is? Probably not. Latest https://www.epexspot.com/en/market-data Who in the UK buys their Leccy daily from the spot market??? 8-)............ The gas and electricity companies buy some of their supply from the spot markets. I would have thought a international business man like you would know that. Evidence? ;-) .......... As an international business man I never believe a word spoken by someone who has a history of posting untruths >:-) ............. Google it. I've tried ;-) ........... Bump........Have you had any better luck? ;-) ....... Finding evidence to back up your claim (?) ........ Yes thanks. Well prove that you weren't telling Porkies then >:-) ......... There seems little point arguing with someone who says that he can't find something on Google, particularly when he has posted something that shows that he has found the current SPOT price already. So no, I am not joining in on your silly game. Link to comment Share on other sites More sharing options...
Guest pelmetman Posted September 22, 2021 Share Posted September 22, 2021 CurtainRaiser - 2021-09-22 10:50 AM pelmetman - 2021-09-22 10:34 AM CurtainRaiser - 2021-09-22 9:00 AM pelmetman - 2021-09-22 8:39 AM pelmetman - 2021-09-21 8:01 AM CurtainRaiser - 2021-09-20 10:08 PM pelmetman - 2021-09-20 8:41 PM CurtainRaiser - 2021-09-20 8:44 AM pelmetman - 2021-09-20 7:44 AM CurtainRaiser - 2021-09-19 9:10 PM pelmetman - 2021-09-19 7:27 PM CurtainRaiser - 2021-09-19 4:23 PM pelmetman - 2021-09-19 3:03 PM GarySueLola - 2021-09-19 2:36 PM No doubt we will get the usual defensive insulting comments from the brexiters on this thread. Interesting how defensive they have to be - probably because remainers can produce a long and qualitative list of things that are damaging britain as result of brexit, but the leave side struggle to come up with anything tangible (usual meaningless words such as sovereignty, control blah blah). The only thing they try to hang onto is the vaccine programme, but that in itself is spurious as it was actins of a few clever people outside the govt. that got us going, nothing to do with being outside the EU. Without doubt brexit has broken many promises and has also broken britain, but a bit like trying to convert a catholic to aetheism you won't get anywhere with them, brexiteers still believe the fantasy and won't admit it was wrong. So world gas prices going up is due to Brexit? ;-) .......... Perhaps you LOSERS could explain how that works??? (lol) (lol) (lol) ........ Take a look at the spot price for electric Spot the Porky >:-) .......... "The highest residential electricity prices within Europe are paid in Germany [30.34 cents] and Denmark [28.33] for many years in a row now. The price per kilowatt hour is more than three times higher than in Bulgaria [9.97 cents]. Belgium [27.92 cents] and Ireland [24.13 cents] are competing for the 3rd and 4th position in the electricity price ranking. Spain follows in fifth place with 22.39 cents per kilowatt hour." https://strom-report.de/electricity-prices-europe/ (lol) (lol) (lol) .......... Your link is from 2020, do you understand what a spot price is? Probably not. Latest https://www.epexspot.com/en/market-data Who in the UK buys their Leccy daily from the spot market??? 8-)............ The gas and electricity companies buy some of their supply from the spot markets. I would have thought a international business man like you would know that. Evidence? ;-) .......... As an international business man I never believe a word spoken by someone who has a history of posting untruths >:-) ............. Google it. I've tried ;-) ........... Bump........Have you had any better luck? ;-) ....... Finding evidence to back up your claim (?) ........ Yes thanks. Well prove that you weren't telling Porkies then >:-) ......... There seems little point arguing with someone who says that he can't find something on Google, particularly when he has posted something that shows that he has found the current SPOT price already. So no, I am not joining in on your silly game. Snigger >:-) ........ Caught LYING AGAIN (lol) (lol) (lol) ........... Link to comment Share on other sites More sharing options...
CurtainRaiser Posted September 22, 2021 Author Share Posted September 22, 2021 pelmetman - 2021-09-22 10:52 AM CurtainRaiser - 2021-09-22 10:50 AM pelmetman - 2021-09-22 10:34 AM CurtainRaiser - 2021-09-22 9:00 AM pelmetman - 2021-09-22 8:39 AM pelmetman - 2021-09-21 8:01 AM CurtainRaiser - 2021-09-20 10:08 PM pelmetman - 2021-09-20 8:41 PM CurtainRaiser - 2021-09-20 8:44 AM pelmetman - 2021-09-20 7:44 AM CurtainRaiser - 2021-09-19 9:10 PM pelmetman - 2021-09-19 7:27 PM CurtainRaiser - 2021-09-19 4:23 PM pelmetman - 2021-09-19 3:03 PM GarySueLola - 2021-09-19 2:36 PM No doubt we will get the usual defensive insulting comments from the brexiters on this thread. Interesting how defensive they have to be - probably because remainers can produce a long and qualitative list of things that are damaging britain as result of brexit, but the leave side struggle to come up with anything tangible (usual meaningless words such as sovereignty, control blah blah). The only thing they try to hang onto is the vaccine programme, but that in itself is spurious as it was actins of a few clever people outside the govt. that got us going, nothing to do with being outside the EU. Without doubt brexit has broken many promises and has also broken britain, but a bit like trying to convert a catholic to aetheism you won't get anywhere with them, brexiteers still believe the fantasy and won't admit it was wrong. So world gas prices going up is due to Brexit? ;-) .......... Perhaps you LOSERS could explain how that works??? (lol) (lol) (lol) ........ Take a look at the spot price for electric Spot the Porky >:-) .......... "The highest residential electricity prices within Europe are paid in Germany [30.34 cents] and Denmark [28.33] for many years in a row now. The price per kilowatt hour is more than three times higher than in Bulgaria [9.97 cents]. Belgium [27.92 cents] and Ireland [24.13 cents] are competing for the 3rd and 4th position in the electricity price ranking. Spain follows in fifth place with 22.39 cents per kilowatt hour." https://strom-report.de/electricity-prices-europe/ (lol) (lol) (lol) .......... Your link is from 2020, do you understand what a spot price is? Probably not. Latest https://www.epexspot.com/en/market-data Who in the UK buys their Leccy daily from the spot market??? 8-)............ The gas and electricity companies buy some of their supply from the spot markets. I would have thought a international business man like you would know that. Evidence? ;-) .......... As an international business man I never believe a word spoken by someone who has a history of posting untruths >:-) ............. Google it. I've tried ;-) ........... Bump........Have you had any better luck? ;-) ....... Finding evidence to back up your claim (?) ........ Yes thanks. Well prove that you weren't telling Porkies then >:-) ......... There seems little point arguing with someone who says that he can't find something on Google, particularly when he has posted something that shows that he has found the current SPOT price already. So no, I am not joining in on your silly game. Snigger >:-) ........ Caught LYING AGAIN (lol) (lol) (lol) ........... Show me the lie. Link to comment Share on other sites More sharing options...
Guest pelmetman Posted September 22, 2021 Share Posted September 22, 2021 CurtainRaiser - 2021-09-22 10:59 AM pelmetman - 2021-09-22 10:52 AM CurtainRaiser - 2021-09-22 10:50 AM pelmetman - 2021-09-22 10:34 AM CurtainRaiser - 2021-09-22 9:00 AM pelmetman - 2021-09-22 8:39 AM pelmetman - 2021-09-21 8:01 AM CurtainRaiser - 2021-09-20 10:08 PM pelmetman - 2021-09-20 8:41 PM CurtainRaiser - 2021-09-20 8:44 AM pelmetman - 2021-09-20 7:44 AM CurtainRaiser - 2021-09-19 9:10 PM pelmetman - 2021-09-19 7:27 PM CurtainRaiser - 2021-09-19 4:23 PM pelmetman - 2021-09-19 3:03 PM GarySueLola - 2021-09-19 2:36 PM No doubt we will get the usual defensive insulting comments from the brexiters on this thread. Interesting how defensive they have to be - probably because remainers can produce a long and qualitative list of things that are damaging britain as result of brexit, but the leave side struggle to come up with anything tangible (usual meaningless words such as sovereignty, control blah blah). The only thing they try to hang onto is the vaccine programme, but that in itself is spurious as it was actins of a few clever people outside the govt. that got us going, nothing to do with being outside the EU. Without doubt brexit has broken many promises and has also broken britain, but a bit like trying to convert a catholic to aetheism you won't get anywhere with them, brexiteers still believe the fantasy and won't admit it was wrong. So world gas prices going up is due to Brexit? ;-) .......... Perhaps you LOSERS could explain how that works??? (lol) (lol) (lol) ........ Take a look at the spot price for electric Spot the Porky >:-) .......... "The highest residential electricity prices within Europe are paid in Germany [30.34 cents] and Denmark [28.33] for many years in a row now. The price per kilowatt hour is more than three times higher than in Bulgaria [9.97 cents]. Belgium [27.92 cents] and Ireland [24.13 cents] are competing for the 3rd and 4th position in the electricity price ranking. Spain follows in fifth place with 22.39 cents per kilowatt hour." https://strom-report.de/electricity-prices-europe/ (lol) (lol) (lol) .......... Your link is from 2020, do you understand what a spot price is? Probably not. Latest https://www.epexspot.com/en/market-data Who in the UK buys their Leccy daily from the spot market??? 8-)............ The gas and electricity companies buy some of their supply from the spot markets. I would have thought a international business man like you would know that. Evidence? ;-) .......... As an international business man I never believe a word spoken by someone who has a history of posting untruths >:-) ............. Google it. I've tried ;-) ........... Bump........Have you had any better luck? ;-) ....... Finding evidence to back up your claim (?) ........ Yes thanks. Well prove that you weren't telling Porkies then >:-) ......... There seems little point arguing with someone who says that he can't find something on Google, particularly when he has posted something that shows that he has found the current SPOT price already. So no, I am not joining in on your silly game. Snigger >:-) ........ Caught LYING AGAIN (lol) (lol) (lol) ........... Show me the lie. "The gas and electricity companies buy some of their supply from the spot markets. I would have thought a international business man like you would know that." When I was in business I expected folk to back up their claims with evidence ;-) ......... Link to comment Share on other sites More sharing options...
CurtainRaiser Posted September 22, 2021 Author Share Posted September 22, 2021 So which part of my statement are you refuting? 1 or 2? 1 "The gas and electricity companies buy some of their supply from the spot markets." or 2 "I would have thought a international business man like you would know that." Link to comment Share on other sites More sharing options...
Guest pelmetman Posted September 22, 2021 Share Posted September 22, 2021 CurtainRaiser - 2021-09-22 11:37 AM So which part of my statement are you refuting? 1 or 2? 1 "The gas and electricity companies buy some of their supply from the spot markets." or That bit ;-) ............ Link to comment Share on other sites More sharing options...
CurtainRaiser Posted September 22, 2021 Author Share Posted September 22, 2021 pelmetman - 2021-09-22 11:40 AM CurtainRaiser - 2021-09-22 11:37 AM So which part of my statement are you refuting? 1 or 2? 1 "The gas and electricity companies buy some of their supply from the spot markets." or That bit ;-) ............ https://www.irishtimes.com/business/energy-and-resources/uk-energy-groups-ask-for-government-bad-bank-to-weather-gas-crisis-1.4678235 Link to comment Share on other sites More sharing options...
Guest pelmetman Posted September 23, 2021 Share Posted September 23, 2021 From your link ;-) ............ "The cost of buying enough wholesale gas and electricity in the spot market to supply an average household is estimated at about £1,600 a year, while the Ofgem-set price cap on energy bills is at present £1,277, having already been raised by £139 last month." When did the spot market become the same as the wholesale market??? 8-) .......... https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators Just askin :D ........ Link to comment Share on other sites More sharing options...
CurtainRaiser Posted September 23, 2021 Author Share Posted September 23, 2021 pelmetman - 2021-09-23 7:52 AM From your link ;-) ............ "The cost of buying enough wholesale gas and electricity in the spot market to supply an average household is estimated at about £1,600 a year, while the Ofgem-set price cap on energy bills is at present £1,277, having already been raised by £139 last month." When did the spot market become the same as the wholesale market??? 8-) .......... https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators Just askin :D ........ When new entrants to the market didn't have enough capital to hedge their supplies. Link to comment Share on other sites More sharing options...
Guest pelmetman Posted September 23, 2021 Share Posted September 23, 2021 CurtainRaiser - 2021-09-23 8:04 AM pelmetman - 2021-09-23 7:52 AM From your link ;-) ............ "The cost of buying enough wholesale gas and electricity in the spot market to supply an average household is estimated at about £1,600 a year, while the Ofgem-set price cap on energy bills is at present £1,277, having already been raised by £139 last month." When did the spot market become the same as the wholesale market??? 8-) .......... https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators Just askin :D ........ When new entrants to the market didn't have enough capital to hedge their supplies. So in other words.......a rubbish business plan which was more akin to gambling *-) .......... Link to comment Share on other sites More sharing options...
CurtainRaiser Posted September 23, 2021 Author Share Posted September 23, 2021 pelmetman - 2021-09-23 8:19 AM CurtainRaiser - 2021-09-23 8:04 AM pelmetman - 2021-09-23 7:52 AM From your link ;-) ............ "The cost of buying enough wholesale gas and electricity in the spot market to supply an average household is estimated at about £1,600 a year, while the Ofgem-set price cap on energy bills is at present £1,277, having already been raised by £139 last month." When did the spot market become the same as the wholesale market??? 8-) .......... https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators Just askin :D ........ When new entrants to the market didn't have enough capital to hedge their supplies. So in other words.......a rubbish business plan which was more akin to gambling *-) .......... But a necessary part of a dysfunctional market created by privatisation. The big six also buy and sell on the spot market, when the hedges they have taken leave them buying too much or too little at times of unforeseen demand. Link to comment Share on other sites More sharing options...
John52 Posted September 23, 2021 Share Posted September 23, 2021 About to become even more dysfunctional when we only have a handful of suppliers left who can rig the market between them. The only thing they will compete for is lobbying politicians for more taxpayer's money. People forgot why we brought our railways, power and water supplies into public ownership. Link to comment Share on other sites More sharing options...
Bulletguy Posted September 23, 2021 Share Posted September 23, 2021 CurtainRaiser - 2021-09-23 8:04 AM pelmetman - 2021-09-23 7:52 AM From your link ;-) ............ "The cost of buying enough wholesale gas and electricity in the spot market to supply an average household is estimated at about £1,600 a year, while the Ofgem-set price cap on energy bills is at present £1,277, having already been raised by £139 last month." When did the spot market become the same as the wholesale market??? 8-) .......... https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators Just askin :D ........ When new entrants to the market didn't have enough capital to hedge their supplies. Only yesterday he accuses you of lying about UK buying energy from the spot market. Today he posts a published quote (shown above) taken from your linked article........but as usual no apology. 8-) Link to comment Share on other sites More sharing options...
CurtainRaiser Posted September 23, 2021 Author Share Posted September 23, 2021 Bulletguy - 2021-09-23 3:14 PM CurtainRaiser - 2021-09-23 8:04 AM pelmetman - 2021-09-23 7:52 AM From your link ;-) ............ "The cost of buying enough wholesale gas and electricity in the spot market to supply an average household is estimated at about £1,600 a year, while the Ofgem-set price cap on energy bills is at present £1,277, having already been raised by £139 last month." When did the spot market become the same as the wholesale market??? 8-) .......... https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators Just askin :D ........ When new entrants to the market didn't have enough capital to hedge their supplies. Only yesterday he accuses you of lying about UK buying energy from the spot market. Today he posts a published quote (shown above) taken from your linked article........but as usual no apology. 8-) Be fair if we expect Pelmethead to apologise every time he has been wrong, he will be spending the four months he used to be allowed to spend in Spain busy on here correcting all his mistakes and apologising, he will be that busy it will probably crash the server. I think Pelmethead realised this a while ago, I mean that is the only explanation for his behaviour as I'm sure even he could not be so rude to do otherwise. Link to comment Share on other sites More sharing options...
Guest pelmetman Posted September 23, 2021 Share Posted September 23, 2021 CurtainRaiser - 2021-09-23 8:25 AM pelmetman - 2021-09-23 8:19 AM CurtainRaiser - 2021-09-23 8:04 AM pelmetman - 2021-09-23 7:52 AM From your link ;-) ............ "The cost of buying enough wholesale gas and electricity in the spot market to supply an average household is estimated at about £1,600 a year, while the Ofgem-set price cap on energy bills is at present £1,277, having already been raised by £139 last month." When did the spot market become the same as the wholesale market??? 8-) .......... https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators Just askin :D ........ When new entrants to the market didn't have enough capital to hedge their supplies. So in other words.......a rubbish business plan which was more akin to gambling *-) .......... But a necessary part of a dysfunctional market created by privatisation. The big six also buy and sell on the spot market, when the hedges they have taken leave them buying too much or too little at times of unforeseen demand. So is the EU's market not privatized (?) ......... Link to comment Share on other sites More sharing options...
CurtainRaiser Posted September 23, 2021 Author Share Posted September 23, 2021 Yes it's a mess in Europe too, although most governments are more hands on with regulation and some are moving back to renationalisation. https://www.reuters.com/article/us-utilities-unplugged-renationalisation-idUSBREA0I03720140119 If you want a example of what is wrong with privatisation of key resources look no further than CF Industries UK Due to rising natural gas costs, the country’s largest provider of carbon dioxide (CO2), CF Industries, which provides 45% of Britain’s CO2, recently declared that it was halting its UK operations, with the US company’s owners blunting stating that it was no longer profitable to continue production. This promptly led to panic across the economy, due to the vital role that CO2 plays in areas such as food packaging, fizzy drinks, and slaughterhouses. As a result, bosses warned of empty supermarket shelves, and the prospect of poultry and pork supplies running out within days. Meat industry These pressures exacerbate an already-dire situation for British businesses, with widespread reports of bottlenecks and labour shortages: from lorry drivers to meat industry workers. Pig farmers, for example, have estimated that they could be only two weeks away from culling a 100,000-strong surplus of healthy animals, due to a lack of workers and CO2. Other employers, meanwhile, have begged the government to allow them to use prison labour in order to fill their shortfall in workers. Furthermore, business leaders are warning that these problems could persist for many months, leading to expected increases in food prices of 2.3% in the short-term, and wider inflation of 4% by the end of the year. The scarcity of CO2 could also have a grave impact upon the NHS, as the gas is used in a number of medical procedures. This comes at a terrible time for Britain’s healthcare system, which is already overstretched and understaffed, with staff working flat out to reduce the millions-strong backlog that has built up during the pandemic. And that is before a further wave of the virus – due to Tory recklessness – pushes more patients into overcrowded hospitals. Parasites and profiteers Faced with this all-round catastrophe, the government has stepped in, promising CF Industries temporary support in the order of £20 million to carry on production. Responding to calls for this essential – but parasitic – producer to be brought under public ownership, Kwasi Kwarteng asserted that: “Between nationalisation and not doing anything, there are lots of options.” Top of the list of said ‘options’, it seems, is that of kicking the can down the road, and siphoning off millions in taxpayers’ money to another set of unscrupulous bosses – all to avoid a crisis precipitated by their profit system. Link to comment Share on other sites More sharing options...
Guest pelmetman Posted September 23, 2021 Share Posted September 23, 2021 CurtainRaiser - 2021-09-23 7:36 PM Parasites and profiteers So says the bloke who charged the taxpayer 82k a job 25 years ago :D ........ (lol) (lol) (lol) ........ Link to comment Share on other sites More sharing options...
CurtainRaiser Posted September 23, 2021 Author Share Posted September 23, 2021 pelmetman - 2021-09-23 7:53 PM CurtainRaiser - 2021-09-23 7:36 PM Parasites and profiteers So says the bloke who charged the taxpayer 82k a job 25 years ago :D ........ (lol) (lol) (lol) ........ Yawn Link to comment Share on other sites More sharing options...
Guest pelmetman Posted September 23, 2021 Share Posted September 23, 2021 CurtainRaiser - 2021-09-23 7:56 PM pelmetman - 2021-09-23 7:53 PM CurtainRaiser - 2021-09-23 7:36 PM Parasites and profiteers So says the bloke who charged the taxpayer 82k a job 25 years ago :D ........ (lol) (lol) (lol) ........ Yawn I paid back my 1500 quid more than a decade ago ;-) ........ Have you paid back the 4.1 million you got yet? :D ......... Just askin >:-) ...... Link to comment Share on other sites More sharing options...
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