Gas and co2 crisis (5 Viewers)

[skybluesam66]

Sounds bad
Risk to fresh and frozen food
Risk to beer
90% of energy companies at risk with gas prices se to rocket due to lack the of cheaper deals

coming through COVID and you get this for winter

 

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[richnrg]

a risk to beer? Fuck.

 

[torchomatic]

But, but...

 

[Kneeza]

View attachment 21878But, but...

Many, many promises...

 

[fernandopartridge]

Oh look, theres the privatised utility market failing once again.

 

[Liquid Gold]

Let me guess, private companies will be bailed out by public money?

Socialism for the rich, capitalism for the poor.

 

[skybluetony176]

View attachment 21878But, but...

Even if you want to believe that it’s nothing to do with leaving the EU IEM there’s still the small matter that Boris campaigned leave on the basis that it was the nasty EU that makes us charge VAT on energy bills. Have they dropped VAT of energy bills? Not that I’ve seen and that would be 5% off bills for consumers and 20% of bills for business in a single stroke.

 

[Kneeza]

Even if you want to believe that it’s nothing to do with leaving the EU IEM there’s still the small matter that Boris campaigned leave on the basis that it was the nasty EU that makes us charge VAT on energy bills. Have they dropped VAT of energy bills? Not that I’ve seen and that would be 5% off bills for consumers and 20% of bills for business in a single stroke.

Good luck with that happening.
Many were taken in, and still have that unshakeable belief.

 

[Covkid1968#]

From a selfish POV
Got my gas for my bar…… so that’s me sorted for Xmas. Tends to last for a few kegs . Has gone up in price massively

 

[richnrg]

something not right somewhere.
CO2 is the leading cause of global warming, but there's fuck all available?

 

[wingy]

something not right somewhere.
CO2 is the leading cause of global warming, but there's fuck all available?

There was an issue with this a couple of year's ago.
Blamed it on plant maintenance IIRC.
Plus there was a shortage of tanker's to transport it, let alone drivers.

 

[Philosoraptor]

Must remember that Bulb has been running as a loss-making company for the last few years by venture capitalists to challenge the big 6 energy firms. They are now 7th in the pecking order of market share.

I have absolutely no qualms about these companies going to the wall and the shareholders taking a hit.

 

[chiefdave]

I have absolutely no qualms about these companies going to the wall and the shareholders taking a hit.

Wonder how much the shareholders will actually be hit. No doubt there will be some complex ownership setups which mean the shareholders enjoy the benefit of any profits but when it all goes wrong the taxpayer has to provide a bailout.

Energy supplies to the consumer are guaranteed so if any company goes bust Ofgem step in as a supplier of last resort. Ultimately this involves transferring you to a new supplier without you losing either your supply or money you have paid.

That means the 'big 6' who are expected to survive will have huge numbers of customers being moved to them, which will mean the amount of supply they have hedged won't be sufficient. Who is going to cover that loss? No doubt the government will step in and ultimately the taxpayer will foot the bill again.

 

[skybluetony176]

Sounds like we’re going to front larger companies that pay big dividends every year to take on the clients of smaller companies that go bump. Socialism for the elite again, tax rises for the workers.

 

[Sky_Blue_Dreamer]

Wonder how much the shareholders will actually be hit. No doubt there will be some complex ownership setups which mean the shareholders enjoy the benefit of any profits but when it all goes wrong the taxpayer has to provide a bailout.

Energy supplies to the consumer are guaranteed so if any company goes bust Ofgem step in as a supplier of last resort. Ultimately this involves transferring you to a new supplier without you losing either your supply or money you have paid.

That means the 'big 6' who are expected to survive will have huge numbers of customers being moved to them, which will mean the amount of supply they have hedged won't be sufficient. Who is going to cover that loss? No doubt the government will step in and ultimately the taxpayer will foot the bill again.

I'm not sure the taxpayer will provide a 'bailout' but without doubt the shareholders will be protected via the corporate structure if it goes wrong to minimise their losses.

After all, that is the purpose of having businesses as separate legal entities. The individuals involved make a fortune if the risks they take come off but lose very little, if anything, if they don't. With almost no consequence is it any surprise we see so many risky and unethical decisions in business circles?

 

[chiefdave]

I'm not sure the taxpayer will provide a 'bailout' but without doubt the shareholders will be protected via the corporate structure if it goes wrong to minimise their losses.

Mr Kwarteng told the BBC that lending money to bigger firms to help them take on stranded customers was an option.

Meanwhile, the government has struck a deal to restart carbon dioxide production by the biggest UK producer.

The firm, CF Industries, had halted production at two UK plants because rising gas costs, caused by higher demand due to cold weather in Europe and Asia, had made them unviable.

Carbon dioxide is essential to the frozen food industry and the shortage has raised fears of more gaps in grocery supplies.

It is not clear yet what subsidies or incentives the government has offered the US-based company, which could take as long as three days to resume production.

Sure any loans will be made on a commercial basis and the government will ensure they have sufficient security to ensure they are paid back in full. "not clear yet what subsidies or incentives the government has offered" doesn't fill me with confidence the taxpayer isn't on the hook there as well.

 

[fernandopartridge]

The government lending money to a big firm to help them increase market share, get fucked.

 

[Evo1883]

Low wind and solar power part of the problem couldn't make it up

 

[Sbarcher]

Low wind and solar power part of the problem couldn't make it up

Dust off your spades and get digging. Coal is King!

 

[skybluetony176]

I wonder if this might have helped

Closure of UK’s largest gas storage site ‘could mean volatile prices’ | Centrica | The Guardian

Shuttering of Rough facility off Yorkshire coast by British Gas owner Centrica will increase dependence on imports, say critics

amp.theguardian.com

 

[skybluetony176]

EU to the rescue. So long as you live in the part of the UK that we left in the single market

NI Coca-Cola production ‘saved from UK CO2 crisis by protocol’

The local manufacturers of Coca-Cola have moved to assure customers that they won’t run out of Northern Ireland’s favourite drink any time soon.

m.belfasttelegraph.co.uk

Why can’t we all (as Michael Gove put) have the best of both worlds.

 

[jimmyhillsfanclub]

Gas crisis leaves Europe searching for solutions

Consumers face a steep rise in energy bills as governments try to fund the move to renewable energy.

www.bbc.co.uk

 

[stay_up_skyblues]

Our tariff with Octopus ends end of this month. They’ve just emailed us two options, their cheapest is asking for an extra £120 a MONTH. The second is a jump of £200. We’re £150 in credit too.

Not sure if it’s a try on or a realistic idea of what our normal usage is going to cost now. I was expecting an increase of a few hundred for the coming year but not over a grand.

 

[wingy]

Our tariff with Octopus ends end of this month. They’ve just emailed us two options, their cheapest is asking for an extra £120 a MONTH. The second is a jump of £200. We’re £150 in credit too.

Not sure if it’s a try on or a realistic idea of what our normal usage is going to cost now. I was expecting an increase of a few hundred for the coming year but not over a grand.

Yes the media hinted at a couple of hundred quid across the year ,but what is this gas levy,is that part of it I wonder.

 

[Terry Gibson's perm]

Our direct debit has just gone from £81 per month to £212 as have somehow got £500 odd pound in debt. I am going to pay the money owed and get it back to a sensible monthly payment as I don’t want to be in loads of credit at the moment as they look a bit iffy to me.

 

[hill83]

I'm with Shell Energy, used to be on a fix term but it's gone to flexible now.
No idea how much this will affect me long term but these are the price changes already.

 

[Grendel]

I'm with Shell Energy, used to be on a fix term but it's gone to flexible now.
No idea how much this will affect me long term but these are the price changes already.

View attachment 22223

I am no expert but I think the gas price is amazingly cheap

Depends if you use loads of electric

Ironocally to try and save gas useage I went to electric fires and removed the gas one.

Its expensive and shite. I did consider the electric pump instead of a new gas boiler and even the guy said to me they are not effective. I'm ripping the electric fire out and getting a better more efficient gas boiler

 

[hill83]

I'm back renting again at the moment after selling my house so don't really have a choice. Shit old boiler is the only option.

 

[Nick]

The place I bought has a Pay as you go meter for both gas and electric.

It's a fucking nightmare and nobody seems too forthcoming in wanting to come and change it for me.

 

[Sky_Blue_Dreamer]

I'm with Shell Energy, used to be on a fix term but it's gone to flexible now.
No idea how much this will affect me long term but these are the price changes already.

View attachment 22223

Not sure why the standing charge needs to increase so massively. If it's the cost of the fuel that's going up it should just be the actual gas/electric going up.

Methinks that the companies are using this as an excuse to ramp up prices.

Ain't capitalism great!

 

[hill83]

Probably anticipating people sitting in the cold not using fuel as they can't afford the price rises so grabbing extra money that way instead.

 

[Sky_Blue_Dreamer]

Probably anticipating people sitting in the cold not using fuel as they can't afford the price rises so grabbing extra money that way instead.

Yep. Even if you were connected to the gas/electric and didn't use any your bills would go up by 23.5% and 67% respectively.

 

[CCFCSteve]

I’m fixed but I thought due to the cap standard tarrif prices could only rise by around £160 per year for an average house from Oct. If you do a new fix now it’s likely to be high as that’s outside the cap. Heard old Martin Lewis saying just drop onto standard tarrif for time being if your fix comes to an end (his advice not mine !!! but it’s what I’d probably do) Next cap review is in April so I’d imagine they’d be a massive jump then unless things change dramatically...however hopefully worst of the cold weather would’ve gone by then

 

[Sbarcher]

Not sure why the standing charge needs to increase so massively. If it's the cost of the fuel that's going up it should just be the actual gas/electric going up.

Methinks that the companies are using this as an excuse to ramp up prices.

Ain't capitalism great!

This ^^
Robbing bastards

 

[hill83]

This ^^
Robbing bastards

taxi for robbing