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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