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"Gas Armageddon": Energy/electricity prices in EU/UK (and how to deal with them)
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tom66:

--- Quote from: themadhippy on September 14, 2022, 01:43:28 pm ---
--- 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.

--- End quote ---

VAT hasn't been dropped on fuel, though.

And the price of fuel has fallen.  Around here, it's £1.59/L now, whereas it was up to £1.90/L at peak.  This actually lines up fairly nicely with the drop from $130 a barrel to $100 a barrel (20% fall in pump price, 30% fall in oil price, but remember most of the price is tax in the UK.)
themadhippy:

--- Quote ---VAT hasn't been dropped on fuel
--- End quote ---
my mistake,i meant fuel duty,dropped by 5p a liter
langwadt:

--- Quote from: tszaboo on September 15, 2022, 08:32:14 am ---
--- 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?

--- End quote ---

because they use electricity, not wind or gas electricity, it is one big pool. When demand exceeds cheap supply that drives the need for expensive gas electricity, so everyone gets to pay because everyone contributes to the "problem"


--- Quote from: tszaboo on September 15, 2022, 08:32:14 am ---
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.

--- End quote ---

that might be bad legislation, I get district heating from a coal plant, and it hasn't increased in price


--- Quote from: tszaboo on September 15, 2022, 08:32:14 am ---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.

--- End quote ---

don't they also get subsidies when the price is low? i.e. it goes both ways they get a fixed price
Squarewave:

--- Quote from: themadhippy on September 14, 2022, 12:45:49 pm ---
--- 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.

--- End quote ---

That's only a price cap?
Faringdon:
Folks.
We speak of Gas Armegeddon......from Putin's narrative, we are getting  forced into a full Nuclear war here with Russia.
We have no other choice.
We must embrace full Nuclear war....read post #542 to hear the detail.
Otherwise the Utter Blood  Drenched Barbarism meated out to Ukraine by Putin will also come to us.
Its such a shame because the Russian people are such great , wonderful, nice people.
But Putin, and a few of his lackys,  calls their shots.
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