UK Energy Crisis

simo

Advisor to the Owner
A logical idea would be to insist that new homes have solar panels/other renewable provision as standard (or mandatory levy to support a fund to research or install renewables) but I imagine the cosy relationship most chief execs will have with politicians puts paid to that idea.
 

pnewortham

Forum Patron
Patron
A logical idea would be to insist that new homes have solar panels/other renewable provision as standard (or mandatory levy to support a fund to research or install renewables) but I imagine the cosy relationship most chief execs will have with politicians puts paid to that idea.
See lots of new builds with solar panels now. Nowhere near enough, but definitely a common sight.
 

outreacher

Respect Nature
Patron

https://daily.energybulletin.org/2021/10/exclusive-gas-crisis-helps-to-land-bp-500-million-windfall/?utm_source=rss&utm_medium=rss&utm_campaign=exclusive-gas-crisis-helps-to-land-bp-500-million-windfall

Gas crisis helps to land BP $500 million windfall​


Posted On : 27 Oct 2021 Published By : Tom Whipple



BP’s trading team made at least $500 million in the third quarter of 2021, two sources with knowledge of the company’s trading results said, as the energy major benefitted from a gas crisis that has left consumers and industries smarting. Natural gas and power prices soared to an all-time high in Europe and parts of Asia in August as the global economy recovered from the pandemic and energy consumption increased faster than supplies. Low gas stocks after a cold winter and hot summer as well as poor renewables output contributed to the rally. The increase in power bills sparked protests in Spain and put European governments under pressure to find ways to protect consumers and industry and calm the markets. European Union countries failed to agree on a bloc-wide response on Tuesday. read more In China, the government has taken measures to increase coal […]
 

Portishead

Manager

https://daily.energybulletin.org/2021/10/exclusive-gas-crisis-helps-to-land-bp-500-million-windfall/?utm_source=rss&utm_medium=rss&utm_campaign=exclusive-gas-crisis-helps-to-land-bp-500-million-windfall

Gas crisis helps to land BP $500 million windfall​


Posted On : 27 Oct 2021 Published By : Tom Whipple



BP’s trading team made at least $500 million in the third quarter of 2021, two sources with knowledge of the company’s trading results said, as the energy major benefitted from a gas crisis that has left consumers and industries smarting. Natural gas and power prices soared to an all-time high in Europe and parts of Asia in August as the global economy recovered from the pandemic and energy consumption increased faster than supplies. Low gas stocks after a cold winter and hot summer as well as poor renewables output contributed to the rally. The increase in power bills sparked protests in Spain and put European governments under pressure to find ways to protect consumers and industry and calm the markets. European Union countries failed to agree on a bloc-wide response on Tuesday. read more In China, the government has taken measures to increase coal […]


Maybe these guys have sometimes got a point we could learn from in terms of remedying greed. Trouble is old Etonian business CEOs would pay good money to be imprisoned in a 5 star hotel and thrashed to submission.
 
OP
J

jakehake

Preachs PA
Staff member
Patron
Bulb look set to be next, 7th biggest supplier I think by customer base. A few more weeks and we might be nationalised again
 

raefil

Dolly Patron
Patron
Bulb look set to be next, 7th biggest supplier I think by customer base. A few more weeks and we might be nationalised again
I moved onto a 2 year deal with sainsbury energy just as this was all beginning. Their cheapest deal is now twice the price of what I'm paying. Its basically eon next so I'm hoping they can ride this out
 

pnewortham

Forum Patron
Patron
I'm all happily snuggled in now with British Gas, following my brief sojourn with various one-man band gas suppliers.

Was fun while it lasted.
 
OP
J

jakehake

Preachs PA
Staff member
Patron

pnewortham

Forum Patron
Patron
Another 4(some exceptionally small ones I’m amazed have lasted this long frankly). Wonder how many suppliers will make it through eventually and would anyone actually consider in future starting up as a supplier on the back of what they’ve seen


19 have gone bust in the last few months, but some of them were unbelievably small, no idea how they were ever viable in the first place. I reckon many were on rocky ground already. Speculators, not real businesses.

There's still dozens more and I suspect most will go, in line with worst case predictions of only 10 left.

1635928305561.png
 

Regardless

Forum Patron
Patron
Still limping along, but people seem to think it'll be gone within a week or two.
I have over £600 credit now, built up to see me through the winter. Hopefully no hiccups in transferring that across if/when it goes.

Wholesale gas prices have come down from their peak. But as they were below 40p in March, still massively increased - they probably need to drop a lot further to offer any chance of salvation.
1635932591710.png
 

pnewortham

Forum Patron
Patron
I have over £600 credit now, built up to see me through the winter. Hopefully no hiccups in transferring that across if/when it goes.

Wholesale gas prices have come down from their peak. But as they were below 40p in March, still massively increased - they probably need to drop a lot further to offer any chance of salvation.
View attachment 5122

£600 is a big chunk to build up. You'll get it back though, it's government / regulator-backed.
 
Top