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Energy Crisis

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    Energy Crisis

    Energy companies going bust...

    https://metro.co.uk/2021/09/20/taxpa...irms-15284330/


    The Government is in crisis talks with the energy industry in a bid to ease soaring costs of fuel.

    Energy companies are calling for a multibillion-pound bailout after the prices of wholesale gas have rocketed by 70% since last month.

    There are fears taxpayers will have to foot the bill to stop the collapse of dozens of gas and electricity companies as a result.

    Business secretary Kwasi Kwarteng is set to hold emergency meetings with energy suppliers today as they are expected to call for a huge Government package to support them through the winter.

    "You’re just a bad memory who doesn’t know when to go away" JR

    #2
    Boris says it's expected and he has it all under control. Move along nothing to see here.
    I design idiot proof software. Trouble is, they keep making better idiots.

    Comment


      #3
      We have spent decades buying energy from France and Russia instead of making ourselves self sufficient its hardly a surprise when world energy markets go mad we end up paying the most.

      We have known for decades wind/solar/tidal energy were viable all we need is storage and we could turn off most fossil fuel stations but we have not invested.
      "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

      I want to see the hand of history on his collar.

      Comment


        #4
        Originally posted by vetran View Post
        We have spent decades buying energy from France and Russia instead of making ourselves self sufficient its hardly a surprise when world energy markets go mad we end up paying the most.

        We have known for decades wind/solar/tidal energy were viable all we need is storage and we could turn off most fossil fuel stations but we have not invested.
        A lot of investment has gone into CEO and board member bonuses and the rest when into stock holders dividend pots. Now pay up and shut up or invest in thermal underwear.
        I design idiot proof software. Trouble is, they keep making better idiots.

        Comment


          #5
          Originally posted by _V_ View Post

          A lot of investment has gone into CEO and board member bonuses and the rest when into stock holders dividend pots. Now pay up and shut up or invest in thermal underwear.
          About right, we need to push our elected officials.
          "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

          I want to see the hand of history on his collar.

          Comment


            #6
            Originally posted by _V_ View Post

            A lot of investment has gone into CEO and board member bonuses and the rest when into stock holders dividend pots. Now pay up and shut up or invest in thermal underwear.
            You mean like pensions?

            "You’re just a bad memory who doesn’t know when to go away" JR

            Comment


              #7
              Climate change is a load of bollocks , it's all done for us to comply and keep the box tickers happy ! The recent stuff on the news is just plain fear mongering !

              Comment


                #8
                Originally posted by Scorp1 View Post
                Climate change is a load of bollocks , it's all done for us to comply and keep the box tickers happy ! The recent stuff on the news is just plain fear mongering !
                Looks like we've unearthed another conspiracy nut ... mods, you watching?
                I am what I drink, and I'm a bitter man

                Comment


                  #9
                  Another Brexit gift. Energy prices in the UK are much higher than in the EU as they lost the buying power the EU as a block has.
                  https://yorkshirebylines.co.uk/busin...-after-brexit/
                  Last edited by Eirikur; 21 September 2021, 06:35.

                  Comment


                    #10
                    Originally posted by Eirikur View Post
                    Another Brexit gift. Energy prices in the UK are much higher than in the EU as they lost the buying power the EU as a block has.
                    https://yorkshirebylines.co.uk/busin...-after-brexit/
                    Um no.

                    Gas prices are identical across Europe and the UK
                    UK electricity prices are higher but that's because 3GW of interconnect cables that keeps things in sync are currently broken (well 1 is broken, 1 is delayed).

                    As for the fertiliser plants - a lot of that is internal politics, the plants until March got subsidised gas and that subsidy went. The plants want it back and will probably get it as we need the CO2 byproduct...
                    merely at clientco for the entertainment

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