| Energy Prices 06:56 - Feb 4 with 9907 views | jojaca |
Mine is up for renewal, just browsing on the Martin Lewis website and the cheapest is £290 a month for fix rate, my jaw has hit the floor. My wages only went up up £20 a month last year and my gas and electric has basically doubled from around £140 a month. This will be proper rejig to finances just to make ends meet. |  |
| Even when you know, you never know? |
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| Energy Prices on 19:11 - Feb 4 with 1454 views | jack_lord |
| Energy Prices on 09:53 - Feb 4 by Catullus |
It's swings and roundabouts for us. We use a lot more electricity because my wife is working from home, 3 days per week permanently. Our son is always on his Xbox, laptop or PC too, when he's home but after school he and his friends rarely go outdoors anymore.
We are with Octopus and currently paying 161 per month but after replacing the back boiler with a combi we aren't using that much (about 130 I think) but we are letting the cash reserve build up for next winter. Even with leaving the combi on all day and night we aren't using as much gas as only having the back boiler on for 2 hours twice a day, and the house is warmer too.
Our 2 year fixed rate deal runs until next June now. I'm hoping things change though we are OK financially, I went back to work just at the right time! |
We are similar with the bills as kids have been home all the time even though we have both been out at work. Our fixed deal with Octopus had just finished so we expect to be hit.
People with older boilers should consider getting something uber-efficient and will see a benefit but maybe move away from gas and get solar panels and other heating options.
I had a conversation with my colleague this morning. He was saying that their energy bills had been going up because his wife had been working at home. I asked if she had saved on car fuel. He said about 20 pounds a weeks. So that was over 80 a month less on petrol. No expensive work food either. So there were definitely swings and roundabouts in his house/ |  |
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| Energy Prices on 19:17 - Feb 4 with 1454 views | felixstowe_jack |
| Energy Prices on 09:05 - Feb 4 by majorraglan |
It’s very concerning. My deal finished last April and I missed the chance to fix as was busy and had other priorities, when I had time to look at it around June /July it was on the way up and the advice was to stay on the Standard Variable and Martin Lewis advice has remained the same.
I know there are global issues, but I also have a feeling that somewhere someone is making a lot of money and that we’re being taken advantage of, Shell’s profits just about quadrupled last year to £19.3bn. |
Not quite the full picture
In 2020 shell lost $19.9 billion this was due to a lack of demand and rapidly falling gas and oil prices.
In 2021 shell made a profit of $17 billion due to soaring demand and rapidly rising gas and oil prices.
So over 2 years shell lost $ 2.9 billion.
Starmer calls for a windfall tax on this year's profits wonder if he agrees they need a windfall tax refund for the previous year's
Results.
Meanwhile the green brigade have managed to stop the development of a huge new gas and oil field west of the shetlands which could have reduced our dependence on imports.
The senedd also want to stop the extension of the licence of aberpergym which produces high quality anthracite which we would then have to import. This is despite the fact that most of the anthracite is used in water purification and sewage treatment.
Would be good to see someone do the sums to compare the cost of electricity from the Swansea Lagoon compared to gas power stations. |  |
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| Energy Prices on 19:25 - Feb 4 with 1437 views | AguycalledJack |
So when energy prices are low and these companies make massive profits? Why are these extra profits not passed on to customers to redress the balance when the price rises?
I’ve never known an energy company reduce my bill because the price has dropped? | | | |
| Energy Prices on 19:28 - Feb 4 with 1434 views | jack_lord |
| Energy Prices on 19:17 - Feb 4 by felixstowe_jack |
Not quite the full picture
In 2020 shell lost $19.9 billion this was due to a lack of demand and rapidly falling gas and oil prices.
In 2021 shell made a profit of $17 billion due to soaring demand and rapidly rising gas and oil prices.
So over 2 years shell lost $ 2.9 billion.
Starmer calls for a windfall tax on this year's profits wonder if he agrees they need a windfall tax refund for the previous year's
Results.
Meanwhile the green brigade have managed to stop the development of a huge new gas and oil field west of the shetlands which could have reduced our dependence on imports.
The senedd also want to stop the extension of the licence of aberpergym which produces high quality anthracite which we would then have to import. This is despite the fact that most of the anthracite is used in water purification and sewage treatment.
Would be good to see someone do the sums to compare the cost of electricity from the Swansea Lagoon compared to gas power stations. |
It depends on how much of the previous loss is accounted in to this years profits I guess.
Also pressure is mounting on Rishi Sunak, chancellor, to levy a one-off windfall tax on UK offshore oil and gas operators, just weeks after the boss of BP said high commodity prices had turned his company into “a cash machine”.
Labour, the Liberal Democrats and some Tory MPs want Sunak to levy a tax on the profits of North Sea operators to alleviate soaring domestic energy bills, arguing the sector can easily withstand the hit.
Not just Starrmer - and they are the opposition party so have to come up with something. | |
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| Energy Prices on 19:36 - Feb 4 with 1426 views | felixstowe_jack |
| Energy Prices on 19:28 - Feb 4 by jack_lord |
It depends on how much of the previous loss is accounted in to this years profits I guess.
Also pressure is mounting on Rishi Sunak, chancellor, to levy a one-off windfall tax on UK offshore oil and gas operators, just weeks after the boss of BP said high commodity prices had turned his company into “a cash machine”.
Labour, the Liberal Democrats and some Tory MPs want Sunak to levy a tax on the profits of North Sea operators to alleviate soaring domestic energy bills, arguing the sector can easily withstand the hit.
Not just Starrmer - and they are the opposition party so have to come up with something. |
Windfall taxes just don't work in the long term. They just prevent companies investing and reduce future profits. The UK gets a windfall anyway from the corporation tax the companies pay on their profits. The government also get 20% tax on any dividends the companies pay out. | |
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| Energy Prices on 19:41 - Feb 4 with 1417 views | krunchykarrot |
| Energy Prices on 12:24 - Feb 4 by 73__73 |
It should have been given the go ahead no doubt.
What was the reason for cancelling the project ? Price of electricity to high 😂 |
I have doubts, ruin our bay and habitat just to placate Greta Thunderbird. Sod off. |  | | |
| Energy Prices on 19:45 - Feb 4 with 1414 views | BillyChong |
| Energy Prices on 19:17 - Feb 4 by felixstowe_jack |
Not quite the full picture
In 2020 shell lost $19.9 billion this was due to a lack of demand and rapidly falling gas and oil prices.
In 2021 shell made a profit of $17 billion due to soaring demand and rapidly rising gas and oil prices.
So over 2 years shell lost $ 2.9 billion.
Starmer calls for a windfall tax on this year's profits wonder if he agrees they need a windfall tax refund for the previous year's
Results.
Meanwhile the green brigade have managed to stop the development of a huge new gas and oil field west of the shetlands which could have reduced our dependence on imports.
The senedd also want to stop the extension of the licence of aberpergym which produces high quality anthracite which we would then have to import. This is despite the fact that most of the anthracite is used in water purification and sewage treatment.
Would be good to see someone do the sums to compare the cost of electricity from the Swansea Lagoon compared to gas power stations. |
Shell made $16.5b profit in 2019, the 2020 figures were a complete one off. Bottom line is the Tory government would rather penalise the public than their corporate mates. | | | |
| Energy Prices on 19:46 - Feb 4 with 1412 views | jack_lord |
| Energy Prices on 19:36 - Feb 4 by felixstowe_jack |
Windfall taxes just don't work in the long term. They just prevent companies investing and reduce future profits. The UK gets a windfall anyway from the corporation tax the companies pay on their profits. The government also get 20% tax on any dividends the companies pay out. |
I agree that while there is a short term gain with the windfall tax there are longer term implications.
There is a decent article that discusses this:
https://www.pinsentmasons.com/ | |
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| Energy Prices on 20:06 - Feb 4 with 1384 views | krunchykarrot |
Can someone explain to me an Engineer whith over 40yrs experience how the following work?
Heat pumps when temp is below 0
What happens to batteries in cars if we all swap and theres no wind?
Where and how they can be manufactured and disposed of safely?
What are the restrictions regarding charging in a garage regarding gassing off Hydrogen etc.
Where are we going to store all this juice, when the wind blows?
Wouldnt it be easier to go nuclear with Rolls Royce who are quite a reputable outfit.
Or should we listen to Greta one of the minority who seem to be able to influence our media and convince people that is the way forward. | | | |
| Energy Prices on 21:08 - Feb 4 with 1361 views | A_Fans_Dad |
| Energy Prices on 20:06 - Feb 4 by krunchykarrot |
Can someone explain to me an Engineer whith over 40yrs experience how the following work?
Heat pumps when temp is below 0
What happens to batteries in cars if we all swap and theres no wind?
Where and how they can be manufactured and disposed of safely?
What are the restrictions regarding charging in a garage regarding gassing off Hydrogen etc.
Where are we going to store all this juice, when the wind blows?
Wouldnt it be easier to go nuclear with Rolls Royce who are quite a reputable outfit.
Or should we listen to Greta one of the minority who seem to be able to influence our media and convince people that is the way forward. |
Krunchy, it is no good these guys have drunk the coolaid.
They just don't get that intermittent energy doesn't work without extra costs to the grid.
They think you can use batteries as backup.
Today the press has finally realised the £35Million loss in petrol & diesel taxes need replacing making EVs much more expensive to run.
Green is for the brainwashed,non critical thinkers of the world. | | | |
| Energy Prices on 23:13 - Feb 4 with 1318 views | max936 |
| Energy Prices on 09:32 - Feb 4 by raynor94 |
Yes but that's not the way it comes across on the news, I'm amazed that people could use £149 per month on energy |
People have different lifestyles, 2/3 kids etc, I see it every day as I work in energy, my own bills are expensive, washing machine on non stop some days and dryer.
If it was just me and the Mrs I wouldn't pay anything like I'm paying now. Eldest working from home, youngest is disabled and goes through clothes like there's no tomorrow. |  | | |
| Energy Prices on 23:31 - Feb 4 with 1310 views | max936 |
| Energy Prices on 20:06 - Feb 4 by krunchykarrot |
Can someone explain to me an Engineer whith over 40yrs experience how the following work?
Heat pumps when temp is below 0
What happens to batteries in cars if we all swap and theres no wind?
Where and how they can be manufactured and disposed of safely?
What are the restrictions regarding charging in a garage regarding gassing off Hydrogen etc.
Where are we going to store all this juice, when the wind blows?
Wouldnt it be easier to go nuclear with Rolls Royce who are quite a reputable outfit.
Or should we listen to Greta one of the minority who seem to be able to influence our media and convince people that is the way forward. |
The thinking that Heat source pumps are green and cheap to run, is a complete fallacy.
I've fitted them and super efficient they're not, good when temps are up, but like you said what creates the heat for them when temps drop, electricity, I've got a 10kw on my Koi pond and it costs a fortune when the weathers cold, it supposedly uses 1.5 kw of electric and gives an output of 10kw, not a chance in hell does it produce that and it uses much more than 1.5kw's, I've calculated it.
For housing uses I dread to think what the costs would be like, plus you need a room the size of a small box room for heat exchanger, water separator, hot water calorifier and masses of pipework, you need a underfloor heating system to make it work as well, installation costs are huge on their own, | | | |
| Energy Prices on 23:50 - Feb 4 with 1301 views | controversial_jack |
| Energy Prices on 20:06 - Feb 4 by krunchykarrot |
Can someone explain to me an Engineer whith over 40yrs experience how the following work?
Heat pumps when temp is below 0
What happens to batteries in cars if we all swap and theres no wind?
Where and how they can be manufactured and disposed of safely?
What are the restrictions regarding charging in a garage regarding gassing off Hydrogen etc.
Where are we going to store all this juice, when the wind blows?
Wouldnt it be easier to go nuclear with Rolls Royce who are quite a reputable outfit.
Or should we listen to Greta one of the minority who seem to be able to influence our media and convince people that is the way forward. |
Heat pumps can still operate, as the refrigerant temp is well below 0, and there's still heat transfer.
I don't believe there's any hydrogen gassing off during charging.
We can't really store the electricity, it has to be used when available. when the wind doesn't blow we don't produce. | | | |
| Energy Prices on 00:08 - Feb 5 with 1290 views | max936 |
| Energy Prices on 23:50 - Feb 4 by controversial_jack |
Heat pumps can still operate, as the refrigerant temp is well below 0, and there's still heat transfer.
I don't believe there's any hydrogen gassing off during charging.
We can't really store the electricity, it has to be used when available. when the wind doesn't blow we don't produce. |
The output in very cold temps is negligible, it'll hardly make a difference, and heater will kick under the heat pumps safety parameters that protect the unit. | | | |
| Energy Prices on 10:44 - Feb 5 with 1242 views | controversial_jack |
| Energy Prices on 00:08 - Feb 5 by max936 |
The output in very cold temps is negligible, it'll hardly make a difference, and heater will kick under the heat pumps safety parameters that protect the unit. |
On average a heat pump can work down to -20c as the refrigerant is very cold , but it will have to work harder and become less effective.
I should imagine the running costs would be a lot.I can't see heat pumps as being a credible alternative to gas etc. | | | |
| Energy Prices on 10:50 - Feb 5 with 1239 views | 73__73 |
| Energy Prices on 21:08 - Feb 4 by A_Fans_Dad |
Krunchy, it is no good these guys have drunk the coolaid.
They just don't get that intermittent energy doesn't work without extra costs to the grid.
They think you can use batteries as backup.
Today the press has finally realised the £35Million loss in petrol & diesel taxes need replacing making EVs much more expensive to run.
Green is for the brainwashed,non critical thinkers of the world. |
I agree. It’s not about the environment, it’s all about making money, and they use the useful idiots from the likes of insulate Britain as their storm troops. | |
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| Energy Prices on 11:59 - Feb 5 with 1226 views | max936 |
| Energy Prices on 10:44 - Feb 5 by controversial_jack |
On average a heat pump can work down to -20c as the refrigerant is very cold , but it will have to work harder and become less effective.
I should imagine the running costs would be a lot.I can't see heat pumps as being a credible alternative to gas etc. |
They won't be a credible option, not with our climate, lots of new estate's are electric only now, lot of it is down to gas supplies and a lot of it is down to safety concern's, no idea what the percentage is regarding the two though.
Lot of emphasis being put on Hydrogen, but that's far more dangerous with its explosive ratio compared to gas and also its flammability is greater, another option being worked is a mixture of the two called Hythane which maybe less dangerous with its lower flame speeds and the emissions can be greatly reduced. | | | |
| Energy Prices on 12:41 - Feb 5 with 1211 views | Kilkennyjack |
We are getting shafted again.
Johnson OUT. |  |
| Beware of the Risen People
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| Energy Prices on 12:48 - Feb 5 with 1211 views | controversial_jack |
| Energy Prices on 12:41 - Feb 5 by Kilkennyjack |
We are getting shafted again.
Johnson OUT. |
Much as i agree with Johnson out, Energy suppliers are private companies and the prices are not set by the govt. It's called capitalism | | | |
| Energy Prices on 13:38 - Feb 5 with 1189 views | Ajack_Kerouac |
| Energy Prices on 19:17 - Feb 4 by felixstowe_jack |
Not quite the full picture
In 2020 shell lost $19.9 billion this was due to a lack of demand and rapidly falling gas and oil prices.
In 2021 shell made a profit of $17 billion due to soaring demand and rapidly rising gas and oil prices.
So over 2 years shell lost $ 2.9 billion.
Starmer calls for a windfall tax on this year's profits wonder if he agrees they need a windfall tax refund for the previous year's
Results.
Meanwhile the green brigade have managed to stop the development of a huge new gas and oil field west of the shetlands which could have reduced our dependence on imports.
The senedd also want to stop the extension of the licence of aberpergym which produces high quality anthracite which we would then have to import. This is despite the fact that most of the anthracite is used in water purification and sewage treatment.
Would be good to see someone do the sums to compare the cost of electricity from the Swansea Lagoon compared to gas power stations. |
It's amazing how people can't see it isn't it?
They support politicians and parties who were anti-nuclear, anti-drilling, pro-green (the tidal lagoon was opposed by left wing eco warriors around here, I know that)...
...and then when we become totally dependent on importing from a few sources in an inflationary environment (due to people accepting shutting down economies and printing money to pay people to do nothing) and their energy bills go up, what do they do?
Blame the energy companies, blame the government of today (who have been dragged to taking bullshit green positions by everybody else insisting that they were the nasty party for being pro-nuclear and pro-fracking and pro-drilling for new oil fields.
They will now hold the energy companies and the Tories to account for the mess that they didn't create (they actually opposed the public policy which has brought us to this point.
People are so very thick and easily manipulated it is scary.
In this country the masses ignore things that are very important whilst taking silly matters (e.g. - football, rugby, garden parties, trips up north) incredibly seriously.
We have become silly, childish...and this was done to us by those who controlled the means of cultural production. |  |
| "It's what people know about themselves inside that makes them afraid" - "In a time of universal deceit, telling the truth is a revolutionary act" - "The further a society drifts from truth the more it will hate those who speak it" |
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| Energy Prices on 13:46 - Feb 5 with 1180 views | Catullus |
| Energy Prices on 19:17 - Feb 4 by felixstowe_jack |
Not quite the full picture
In 2020 shell lost $19.9 billion this was due to a lack of demand and rapidly falling gas and oil prices.
In 2021 shell made a profit of $17 billion due to soaring demand and rapidly rising gas and oil prices.
So over 2 years shell lost $ 2.9 billion.
Starmer calls for a windfall tax on this year's profits wonder if he agrees they need a windfall tax refund for the previous year's
Results.
Meanwhile the green brigade have managed to stop the development of a huge new gas and oil field west of the shetlands which could have reduced our dependence on imports.
The senedd also want to stop the extension of the licence of aberpergym which produces high quality anthracite which we would then have to import. This is despite the fact that most of the anthracite is used in water purification and sewage treatment.
Would be good to see someone do the sums to compare the cost of electricity from the Swansea Lagoon compared to gas power stations. |
I thought companies did get tax rebates when they made losses? They spend a lot on flashy accountants to get the best results they can.
Then again, where did you see they made those losses, because,
https://www.reuters.com/articl | |
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| Energy Prices on 14:03 - Feb 5 with 1173 views | krunchykarrot |
| Energy Prices on 23:50 - Feb 4 by controversial_jack |
Heat pumps can still operate, as the refrigerant temp is well below 0, and there's still heat transfer.
I don't believe there's any hydrogen gassing off during charging.
We can't really store the electricity, it has to be used when available. when the wind doesn't blow we don't produce. |
If i come back from Hols on a Monday and the house is at 0 in mid winter you say the Heat Pump refrig will still work, my question is how efficiently. I have fitted my massive heat exchanger(cylinder) in the spare bedroom? How long before the family can take a long soothing shower and the fully insulated house is say at 20 degrees. | | | |
| Energy Prices on 14:29 - Feb 5 with 1152 views | max936 |
| Energy Prices on 14:03 - Feb 5 by krunchykarrot |
If i come back from Hols on a Monday and the house is at 0 in mid winter you say the Heat Pump refrig will still work, my question is how efficiently. I have fitted my massive heat exchanger(cylinder) in the spare bedroom? How long before the family can take a long soothing shower and the fully insulated house is say at 20 degrees. |
You may have water temp at around 12, be interesting to know though, keep us in formed Krunchy  | | | |
| Energy Prices on 14:46 - Feb 5 with 1133 views | Catullus |
This is one area where I agree with AFD. Though we do need more renewable sources we still need Nuclear back up. We still have to keep the home lights burning when renewables aren't providing.
We should worry more about habitat destruction and the imbalance we are creating in nature.
All these green taxes and what are they achieving, we are all having higher and higher bills and seeing no benefits. How can we when all our puny efforts are blown away by one large city in China. | |
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| Energy Prices on 15:17 - Feb 5 with 1119 views | A_Fans_Dad |
| Energy Prices on 14:46 - Feb 5 by Catullus |
This is one area where I agree with AFD. Though we do need more renewable sources we still need Nuclear back up. We still have to keep the home lights burning when renewables aren't providing.
We should worry more about habitat destruction and the imbalance we are creating in nature.
All these green taxes and what are they achieving, we are all having higher and higher bills and seeing no benefits. How can we when all our puny efforts are blown away by one large city in China. |
Yes, let's look after the ecology and habitat like the Germans are going to do.
https://notrickszone.com/2022/
Silly me, the Scots have already done so with 12 million trees. | | | |
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