News1 min ago
Rising Energy Prices
Are these rises predicted to be equal for electricity and gas, or is it mostly gas going up?
Surely wind and solar power should reduce the effect on electricity prices?
Surely wind and solar power should reduce the effect on electricity prices?
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Interesting to see how much solar is being generated throughout today as the sun beats down on us.
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Unfortunately the majority of energy generation is from gas.
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Unfortunately the majority of energy generation is from gas.
Good to see the yellow band get bigger, and the blue one smaller as the day goes on.
Twenty years ago we didn’t register any solar feed in. So a day like today when we will generate 25-30% by solar would have used coal and gas (much of it imported).
Obviously the sun doesn’t shine and the wind doesn’t blow every day, but when it does we should use it. There are currently 1 million homes with solar (out of 30 million houses) so to cut our reliance on foreign energy, we should expand renewables urgently.
Twenty years ago we didn’t register any solar feed in. So a day like today when we will generate 25-30% by solar would have used coal and gas (much of it imported).
Obviously the sun doesn’t shine and the wind doesn’t blow every day, but when it does we should use it. There are currently 1 million homes with solar (out of 30 million houses) so to cut our reliance on foreign energy, we should expand renewables urgently.
Selective and pointless figures to prove nothing Gromit.
1:30 have Solar, well not round here they dont there isnt a single property in my neighbourhood with it. And most who do have it will finf it doesnt really generate when required and certainly doesnt generate enough.
I have no problem with renewables but lets face it they will not provide us with enough (and certainly not cost effective) power in the near future.
Still I suspect you Gromit are one of those happy to put ideals before the freezing and starving poor.
1:30 have Solar, well not round here they dont there isnt a single property in my neighbourhood with it. And most who do have it will finf it doesnt really generate when required and certainly doesnt generate enough.
I have no problem with renewables but lets face it they will not provide us with enough (and certainly not cost effective) power in the near future.
Still I suspect you Gromit are one of those happy to put ideals before the freezing and starving poor.
//Our bills are rising not because of renewables but because the cost of energy from fossil fuels (much of it imported) are increasing.//
Yes because of the reliance on renewables at the expense of using the resources we have. Surely even you can see that.
If we kept a good supply of fossil fuels going whilst we moved over then we wouldnt be in this mess, fossil fuels would be plentiful.
//The 25% of energy from feed in from home solar now (today) are the cheapest we will generate from all resources.//
Rubbish, renewables are heavily subsidised.
Yes because of the reliance on renewables at the expense of using the resources we have. Surely even you can see that.
If we kept a good supply of fossil fuels going whilst we moved over then we wouldnt be in this mess, fossil fuels would be plentiful.
//The 25% of energy from feed in from home solar now (today) are the cheapest we will generate from all resources.//
Rubbish, renewables are heavily subsidised.
The energy companies are making billions in profit, is it their greed we are paying for or the actual energy itself? Nothing has changed in how it's made or supplied except the invasion of Ukraine. So exactly why does it cost so much more? It didn't before, what's changed? Is suddenly more machinery or manpower needed? To me I'ts like going into a shop one day for apples at £1 then suddenly they are £2 the next day... price increased by the shop who gets to squeeze another £1 profit. Shop says apple prices are rising, all shops are doing it!!!! Where is that extra money going? ....Profit!
//Shop says apple prices are rising, all shops are doing it!!!! //
Shops are retailers.... they buy from wholesalers. In your example the shops would put up prices if farmers production costs doubled so the price of there apples doubles.
Our companies like Scottish Power are buying energy on the open market paying wholesale prices, production is down and there competing for less resource and its at a higher price. Loads of energy firms have gone bust a sthey were making a loss. I'm luckily on a 2 year fix I took out 12 months ago before prices shot up. I know my supplier is and will be losing loads of money on me over the next year as I'll be paying alot less than half the wholesale price
Shops are retailers.... they buy from wholesalers. In your example the shops would put up prices if farmers production costs doubled so the price of there apples doubles.
Our companies like Scottish Power are buying energy on the open market paying wholesale prices, production is down and there competing for less resource and its at a higher price. Loads of energy firms have gone bust a sthey were making a loss. I'm luckily on a 2 year fix I took out 12 months ago before prices shot up. I know my supplier is and will be losing loads of money on me over the next year as I'll be paying alot less than half the wholesale price
The price rises as I understand it are from increases in the wholesale price of gas…. but these costs naturally affect electricity providers who pass on the costs to their customers…
as dagman says though some of the biggest energy companies x which were already perfectly profitable businesses - are making absolutely stonking unearned profits from the current situation… the moral thing to do of course would be to use those profits to reduce the burden on consumers but as they are private companies that is not what they are set up to do. A serious failure on the part of many governments… as is the refusal to invest in nuclear power…
incidentally i saw an old video of Nick Clegg recently from 2010… he dismissed nuclear energy because the facilities would only become operational “in 2021 or 2022”… well, thanks a bunch Dave and Nick!
as dagman says though some of the biggest energy companies x which were already perfectly profitable businesses - are making absolutely stonking unearned profits from the current situation… the moral thing to do of course would be to use those profits to reduce the burden on consumers but as they are private companies that is not what they are set up to do. A serious failure on the part of many governments… as is the refusal to invest in nuclear power…
incidentally i saw an old video of Nick Clegg recently from 2010… he dismissed nuclear energy because the facilities would only become operational “in 2021 or 2022”… well, thanks a bunch Dave and Nick!
//...solar is making a good contribution... we'd be lost without it.//
Must get lost every night, then (with some of them being 16 hours long in the winter).
At this very moment, gas is providing 45% of the Grid's requirements. Nuclear 13%. Wind - in spite of literally billions of pounds being invested in it - is running at 3.5%. Solar is currently providing an estimated 23% (though this is probably overstated). That 23% will drop to zero around 8-9pm (coincidentally when it gets dark and people start turning their lights on).
The two principal types of "renewable" energy are wind and solar. Wind hasn't been having a very good time in the past few weeks, with a large anticyclone firmly wedged over the country. Solar has - but only during the day. There are long periods in this country when neither the sun shines nor the wind blows. Depending on these sources for electricity is utter madness and, since successive governments have caved in to eco campaigners who are, for some reason, averse to nuclear energy production and burning coal, the only realistic backup is gas and it will continue to be so forever (because there will always be periods when solar and wind do not suffice). The energy produced by these two methods is not "free". The capital expenditure required is enormous and it will be an ongoing investment because the earlier wind generators are beginning to reach the end of their lifespan.
This country has adequate supplies of fossil fuels and had (but now longer has) plenty of time to exploit them. Every time this topic arises I end by saying that the government's energy strategy - particularly its absurd obsession with its ridiculous "net zero" target - will impoverish this nation together with all the businesses and individuals in it. I am often told I am being silly. If that is the case why is this question being asked (again)?
The "net zero" chickens, my fellow AB-ers, are coming home to roost and if the government thinks it can get round this by meeting some of the "most vulnerable" people's leccy bills, they are sadly mistaken.
Must get lost every night, then (with some of them being 16 hours long in the winter).
At this very moment, gas is providing 45% of the Grid's requirements. Nuclear 13%. Wind - in spite of literally billions of pounds being invested in it - is running at 3.5%. Solar is currently providing an estimated 23% (though this is probably overstated). That 23% will drop to zero around 8-9pm (coincidentally when it gets dark and people start turning their lights on).
The two principal types of "renewable" energy are wind and solar. Wind hasn't been having a very good time in the past few weeks, with a large anticyclone firmly wedged over the country. Solar has - but only during the day. There are long periods in this country when neither the sun shines nor the wind blows. Depending on these sources for electricity is utter madness and, since successive governments have caved in to eco campaigners who are, for some reason, averse to nuclear energy production and burning coal, the only realistic backup is gas and it will continue to be so forever (because there will always be periods when solar and wind do not suffice). The energy produced by these two methods is not "free". The capital expenditure required is enormous and it will be an ongoing investment because the earlier wind generators are beginning to reach the end of their lifespan.
This country has adequate supplies of fossil fuels and had (but now longer has) plenty of time to exploit them. Every time this topic arises I end by saying that the government's energy strategy - particularly its absurd obsession with its ridiculous "net zero" target - will impoverish this nation together with all the businesses and individuals in it. I am often told I am being silly. If that is the case why is this question being asked (again)?
The "net zero" chickens, my fellow AB-ers, are coming home to roost and if the government thinks it can get round this by meeting some of the "most vulnerable" people's leccy bills, they are sadly mistaken.
I disagree with you about fossil fuels newjudge but
putting that aside i have never understood why nuclear power is so controversial among environmental activists… unless there is an absolute revolution in fusion power in the near future then there could not be a better alternative really… it is reliable and does not produce greenhouse gases on any significant scale
putting that aside i have never understood why nuclear power is so controversial among environmental activists… unless there is an absolute revolution in fusion power in the near future then there could not be a better alternative really… it is reliable and does not produce greenhouse gases on any significant scale
Oil and gas firms donated over £1 million to the Conservatives since December 2019….
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… so in exchange they won’t be too keen on keeping the price cap low if they want to receive that money next time.
this is how legalised corruption works in the UK.
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… so in exchange they won’t be too keen on keeping the price cap low if they want to receive that money next time.
this is how legalised corruption works in the UK.
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