| General > General Technical Chat |
| "Gas Armageddon": Energy/electricity prices in EU/UK (and how to deal with them) |
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| themadhippy:
--- Quote ---"European gas prices likely to fall sharply this winter, says Goldman Sachs" Good news if it pans out as predicted. --- End quote --- wont make any difference to uk consumers, the price is set in stone for the next 2 years. |
| tom66:
The Goldman prices are close to the UK cap - 100 EUR/MWh = ~10p/kWh gas, plus supplier overhead would probably make that 13-14p/kWh if no caps were applied. UK cap is 10.4p/kWh. Of course seasonal variations may effect that too. But the UK price is only a cap, if wholesale costs drop then prices would be expected to fall below that. |
| themadhippy:
--- Quote --- if wholesale costs drop then prices would be expected to fall below that. --- End quote --- :-DD just like fuel prices dropped when the vat was reduced,or the price of oil fell. |
| SiliconWizard:
I'm sure we can trust Goldman Sachs. |
| tszaboo:
https://www.ft.com/content/c936d529-4223-4983-980c-0e4251ed1297 --- Quote ---EU targets €140bn from windfall taxes on energy companies --- End quote --- --- Quote ---The commission proposal would set a mandatory threshold for prices charged by companies that produce low-cost, non-gas energy, such as nuclear and renewables groups. Companies would have to give EU states the “excess profits” generated beyond this level, which the commission seeks to set at €180/MWh. But member states would be free to put in place lower thresholds of their own. --- End quote --- Only too bad that it just doesn't go back to the customer directly. |
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