General > General Technical Chat
"Gas Armageddon": Energy/electricity prices in EU/UK (and how to deal with them)
langwadt:
--- Quote from: tszaboo on September 14, 2022, 10:24:00 pm ---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.
--- End quote ---
then I'd like to buy from cheap sources, everyone else can buy from the expensive sources ....
when I use a kWh it doesn't matter if it is from cheap or expensive source, if total demand exceeds the cheap sources the fact that I used it caused expensive sources to be needed, if I got compensated for "cheap sources" I wouldn't be as encouraged to save energy, causing even more need for expensive sources
bdunham7:
--- Quote from: SiliconWizard on September 14, 2022, 07:01:17 pm ---I'm sure we can trust Goldman Sachs.
--- End quote ---
They seem trustworthy to me. They pay their dividends like clockwork!
tautech:
--- Quote from: tszaboo on September 14, 2022, 10:24:00 pm ---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.
--- End quote ---
This was identified early this year in NZ and a Gubbermint desperate for praise reduced the excise tax on motor spirits in some effort to protect the economy from the flow on price increases from increased transport costs.
Yet still we have 8+% inflation and possibly lots more. :o
Again, we are run by children that make decisions to unnecessarily expose us to international energy fluctuations by closing coal mines and importing it FFS, ceasing all onshore and offshore oil/gas exploration and resisting further hydro dam development......all of which NZ will pay dearly for and soon.
Further the muppets tax special use vehicles like utes and such to subsidize EV's FFS which if this winter is anything to go by as the national grid operator has warned electricity retailers to cut back consumption 3 times in a fortnight.....and they want more EV's on the road.....they're blithering idiots !
tszaboo:
--- Quote from: langwadt on September 14, 2022, 10:49:32 pm ---then I'd like to buy from cheap sources, everyone else can buy from the expensive sources ....
when I use a kWh it doesn't matter if it is from cheap or expensive source, if total demand exceeds the cheap sources the fact that I used it caused expensive sources to be needed, if I got compensated for "cheap sources" I wouldn't be as encouraged to save energy, causing even more need for expensive sources
--- End quote ---
That's how it works in a free market. We are not in a free market, and this is a strategic resource. Why do customers need to pay extra for wind energy, because the price of gas went up? Why is my district heating more expensive? It's done by a coal fired power plant. I have no alternative way of heating my entire house. Because they have a monopoly on the heating supply, and used bad legislation to charge me more money for it.
If you have a windmill park, you got extra profit. Now the EU will step in, take that extra profit and use it the way they deem necessary. I hope they tell the energy suppliers that they have a monopoly on making laws, and if they don't like the extra tax, too bad.
iMo:
The fact we have to pay more money for energies is simply our fault ("we citizens") - it is the fault of every EU/UK citizen who is eligible to vote. We have to pay four our mistakes we have made. We live in the well functioning democracies where we decide, and are responsible for, on how our EU/UK's strategic interests are guarded. You, me, we all in EU/UK are guilty for this crisis and we have to pay the price..
Edit: added UK
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