Doom: Energy Price Cap

[jamesbrown]

In other words, copper looks like a good long-term investment.

[Mordac]

My personal view, and not based on strong science or research, just my view, is that EVs are a white elephant.

It's the battery thing for me that will be the killer of EV. We're fine for now with the small number of western cars being produced, but I'd be surprised there are enough resources to source the material for a world's worth of EV cars, and keep them on the road. Unless we're happy destroying the environment of the countries where the core material comes from ... and then then is the land fill issue after wards when the batteries are no long in use.

No idea what the answer is, but long term it doesn't feel like EV.

Hydrogen? If we can stop cars from acting like a mobile bomb!

Pretty much agree with all of this. There is theoretically enough lithium for years to come, but extracting it comes at a huge environmental cost.
See: https://www.euronews.com/green/2022/...lectric-future

In addition, most of it gets processed into batteries using coal-produced electricity in China. Those batteries have a lifetime, and currently about 90% end up in landfill, because the recycling infrastructure is patchy at best.
If Evs are the future, the battery technology to sustain them hasn't yet been invented, and that's the biggest gamble of all time. As it stands, the only benefit of EVs in the UK is zero emissions at the point of use, while forgetting the environmental cost of getting to that point.
Hydrogen should be the answer, it's proven technology with zero emissions and in theory safer than driving around with a full tank of petrol behind your passengers, because unlike an ICE, no spark is involved.

[clearedforlanding]

Is that globally?

UK it's around 25% (actually 35.6% right now)

https://grid.iamkate.com/

She shall shill Shell on the House floor.

[SueEllen]

The price cap is going to be £2,500 as per read out in parliament.

However your chip shop and pub may not last....

[jamesbrown]

The price cap is going to be £2,500 as per read out in parliament.

However your chip shop and pub may not last....

Haven't listened or read the spin yet, but presumably the £400 rebate is still live, so closer to £2,100 for the next year, but £2,500 thereafter. Did the other rebates survive too? In that case, much less than £2,100 for the next year for some subset of people.

[d000hg]

Haven't listened or read the spin yet, but presumably the £400 rebate is still live, so closer to £2,100 for the next year, but £2,500 thereafter. Did the other rebates survive too? In that case, much less than £2,100 for the next year for some subset of people.

THe £650 (extra?) for low-income is still in effect but again a one-time thing.

Businesses are to be offered similar help as residential but done differently.

[AtW]

So the cap was capped?

[SueEllen]

So the cap was capped?

Except for businesses.

There is going to be a task force (or whatever they call it) that will take 3 months while businesses continue to shut down or go bust.

[AtW]

Except for businesses.

There is going to be a task force (or whatever they call it) that will take 3 months while businesses continue to shut down or go bust.

[SueEllen]

In Liz We Truss!