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More increases in electricity bills?

"Analysts told the BBC that local distributors and suppliers are moving charges which were once part of a consumer's unit price for energy (which now has a tight upper limit on it) over to their standing charge. They are also increasing standing charges to the maximum level for each region, which means a big jump for some places."

https://www.bbc.co.uk/news/business-60878314

   - Andy.

Parents
  • well it will stop rising when it matches the wholesale prices the metering companies are buying at. Right now that is very much a moving target.'

    It will probably stop moving when the price reaches a point that enough people cannot, or do not wish to,  pay that rate and then, and only then,  there will be enough demand reduction to match the supply reduction.

    Somehow demand needs to fall, and price is a very crude mechanism. (and at high prices things like installing solar panels, or insulation becomes more worthwhile, but no-one uninstalls it when the price drops, so the demand reduction persists.)

    Gas (note that £3 per therm is 10pence

    /kwhr)

    and

    Elec.

  • We have a failed energy policy, struggling and hitting a brick wall fast.

    Here is some common sense for everyone.

    UK Energy Reset! (GWPF/Net Zero policy primer) – Watts Up With That?

  • Well I am up for subsidy-free wind & solar. If it is as good as they say it is, then let it stand on it's own 2 feet and see how it fares.

    Then i would go for coal in a big way. To pacify the greenies we could initially redirect some of the existing funding towards further developing 'Clean coal technology', which was well advanced before the funding was mysteriously dropped back in the day (I may be incorrect but I seem to recall it was around the same time David Cameron went dancing with polar bears and throwing tax payers money at windfarms). We are blessed insomuch that we are standing on hundreds of thousands of tons of the stuff. The mining processes of today are principally automated and highly efficient. I struggle to see a valid argument against it.

    Nuclear? I'm not so sure, simply because of the uncertainties over dealing with the waste and it's associated high costs.

  • Clean coal technology was abandoned because it wasn't economically viable.  Solar and wind are cheap, and coal isn't.  Coal is now only viable when the wind isn't blowing and we have to turn to something else as a backup.

    Add the cost of things like carbon capture and storage, and coal is no longer worth investing in.  It'll be a huge loss maker.

Reply
  • Clean coal technology was abandoned because it wasn't economically viable.  Solar and wind are cheap, and coal isn't.  Coal is now only viable when the wind isn't blowing and we have to turn to something else as a backup.

    Add the cost of things like carbon capture and storage, and coal is no longer worth investing in.  It'll be a huge loss maker.

Children
  • As is well known, the wind and sun are not guaranteed to be there 24/7, which is why we need a prime mover for energy generation, unless we switch off completely from electricity and gas use and keep warm by burning trees instead, or have it so that only the rich can afford to use it.

    The fact is; coal was never given an even playing field from the outset of this green nonsense - so how could it ever compete effectively against artificially cheap wind?