Energy price hikes in the pipeline ?

[Confused52]

1 hour ago, Bill said:

Cost a packet?

If I decided to risk my own money by putting a windmill or solar farm on my land and then sell the energy along with other risk takers to the national grid, how much would that cost you? I’d be selling into a competitive market that I have no control over so I wouldn’t be able to demand higher prices than anyone else. What's wrong with that? 

 

Bill 😊

Nothing, but renewables do have controlled prices - their contract has a minimum price and if the market price for wholesale electricity falls below it the government steps in and pays the difference between guarantee and market prices. Each guarantee is based on the individual scheme's costs so the admin charges are high. They are also guaranteed a market share by the renewables obligations placed on retail suppliers. The market is rigged to make consumers pay to allow renewables to dominate and in such a market design Nuclear is risky to finance.

[Lt Kije]

49 minutes ago, Observer II said:

It's costing a packet to provide the technology Bill, and aside from being eye sores, these windmills are not bio-degradable.   We're being bounced into a course of action by hysteria and panic, just like the pandemic.   If it were possible for our fickle politicians to engage in long-term planning all the alternate options could be available, rather than snatching at wind and solar, in a country that's not had a decent Summer this year.   If people read more about Earth's history, they'd have a more balanced view of the situation.   

Would you rather have a windmill or a nuclear power station next door?, I get the feeling neither for you. Have you forgotten how much nuclear cost in the 50s, it had massive government help

[Bill]

If it’s private industry that’s putting up the money for the windmills and solar farms how can it be costing us a packet? It’s private companies that are that are taking all the risk not us.

As for them being eyesores, as I said earlier, it’s not much different than telephone poles or streetlights, they’re just something we learn to live with as part of life’s necessities. A couple of months back, BT put up a bloody big ugly telephone pole directly in front of my window. I wasn’t that happy for a while but now I hardly notice it, I’ve learned to live with it and it’s no big deal. As regards them not being bio-degradable, oh come on. How bio-degradable do you think a nuclear power station is?

Long term planning from the government? Well, they’re good at that, particularly when anything need’s to take a long time. When there’s a car crash, you don’t start talking about building hospitals, we’re tethering on the edge with our power and both wind and solar can offer more or less immediate help. Long term we possibly do need more nuclear but by the time they get built newer technologies could have evolved that would turn them into mega expensive white elephants.

In the past you’ve argued that the British Isles have the greatest possibility for hydro and tidal power, however much of that requires long term planning and mega investment. Britain is also one of the windiest places on the planet and yet you fail to recognise the potential. We’re not located ideally for solar, but it certainly works a lot better than you think.

 

Bill 😊

[Bill]

Duplicate post removed

Bill 😊

[Bill]

As a little add on to this, it’s interesting to read how several British companies are investing in overseas solar. By putting the solar farms in remote desert areas a lot further south, and connecting them by a long undersea cable, then power is almost guaranteed 365 days a year.

You have to assume the people doing this have done their sums and that it must be viable. It’s good in that it brings work to the local communities and out in the desert there aren’t many nimbies. Currently it’s mainly Morocco and Spain but other countries further afield are also being considered.

I know there are limits for power distribution, but if sites like this could be spread further east then then energy could be harvested over a far greater proportion of the day.

 

Bill 😊

[Evil Sid]

received an email from my energy supplier to say that the cost would be going down shortly.

just waiting for that to happen then i can take up their offer of a fixed price contract for 12 months at THAT price with the guarantee that the price will not go up until the end of said contract. the only downside is that i will have to go over to direct debit, something i am loathe to do at  all.

[Confused52]

If it helps Sid the people usually quoted in the media who forecast what the standard variable tariff will be from October to December say the following.

Figure 2: Cornwall Insight’s Default Tariff cap forecasts using new Typical Domestic Consumption Values: Standing charge and unit rate (dual fuel, direct debit customer)

Electricity  Q424 Forecast 

Standing Charge (£/day) 0.61

Per Unit Costs (p/kWh) 24.96

Gas  Q424 Forecast

Standing Charge (£/day) 0.33

Per Unit Costs (p/kWh) 6.15

I see the three year fixed price gas tariffs are about 30% on the current cap prices, and the increase for electricity is 25%. The 77%increase stated by Obs is of the usual quality that you expect. One year fix and two year fix prices are lower but still rising over time which probably suggests uncertainty more than anything else. You should be able to get the equivalent information from your supplier by reading their tariff information leaflets which they are required to publish by law.

[Observer II]

The 77% figure was published by Martin Lewis, the renown financial advisor, I'm merely quoting him.    

[Confused52]

11 minutes ago, Observer II said:

The 77% figure was published by Martin Lewis, the renown financial advisor, I'm merely quoting him.    

No you aren't, you are mis-quoting him. From The Independent four days ago:

An online video featuring MoneySavingExpert.com founder Martin Lewis claims to show that the energy price cap will rise 77% on October 1 to £3,500 for the typical household.

A caption posted alongside the video reads “Gas prices set to go up 77% 1st October. Labour has lied to you again.”

Evaluation

The video is two years old and consumer campaigner Mr Lewis is referring to the October 2022 price cap, not the one that is set to come into force later this year.

The latest forecasts show that the October 2024 price cap is expected to rise by a little under 10% to £1,723 for the typical household.

 

You were careless in what you wrote.

[Observer II]

In which case I'm relieved, and would apologise.  Perhaps Kier Stalin's crack down on social media will tackle mis-information, but I rather think his crackdown will be biased, hence "two tier Kier".   

[Lt Kije]

5 hours ago, Observer II said:

In which case I'm relieved, and would apologise.  Perhaps Kier Stalin's crack down on social media will tackle mis-information, but I rather think his crackdown will be biased, hence "two tier Kier".   

If he does crack down on social media, I hope he cracks down on you, as I pointed out yesterday, you are guilty of spreading the lies about Southport, are you going to take any responsibility for spreading the lies????

[Observer II]

The biggest liar is "two tier" Kier, who's lied his way into No 10, and now uses a false narrative to divide the Nation.   😠

[Bill]

I think we’re all guilty at some point of misreading or misunderstanding something said online. I recently responded to a post then realized it was from two years back. ☹️ Hopefully I’ve got most of this correct.

A few days ago, I joined a UK Solar and Battery Facebook group thinking I might get some good ideas for my little homemade system. Turns out I can’t find single post where anyone has done a DIY job. All the talk was about commercially installed systems, most of which produced significantly more that the household needed.

It was an interesting read however and showed that most weren’t in the least bit interested in the green aspects of solar but rather how much money they could make by selling excess power back to the grid. This sort of things been going on for ages, but the technology has moved on so much so now, that you don’t even need any solar panels to make money.

Originally the batteries were only there to provide power during the night, but with the introduction of demand-based tariffs where the buying and selling price varies by the hour, it didn’t take long for people to realise that by using extra batteries they could make even more money. Just charge the batteries from the mains when they’re almost giving it away and sell it back to them at peak times and your quid’s in.

It's a risky business though, the batteries are expensive and don’t last forever and your reliant not only on the energy companies maintaining favourable rates but also on any government policy changes. Rules have already been brought in to limit the maximum that can be exported and levels above a certain limit are now liable to income tax.

Interesting stuff!!

 

Bill 😊

[Lt Kije]

On 8/5/2024 at 9:35 PM, Observer II said:

The biggest liar is "two tier" Kier, who's lied his way into No 10, and now uses a false narrative to divide the Nation.   😠

What false narrative!!

That some idiots believed the false narrative that you helped perpetrate !?

[Observer II]

They rely on idiots like you to swallow their narrative.