Debate House Prices
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Another Downgrade Looms As Gas Runs Out
Comments
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"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
I think we should have a campaign of openly laughing at these pathetic opportunist politicians.grizzly1911 wrote: »'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
OK. If I regulated the gas industry I would look at issues like supply rates, lead times, possibilities of demand reduction and likely weather and specify storage accordingly - storing too much in summer would be inefficient, tying up capital, storing to little in winter could result in shortages.
This would suggest that should a once in a century period of cold weather happen at the wrong time of year then there might be real supply problems.I think....0 -
OK. If I regulated the gas industry I would look at issues like supply rates, lead times, possibilities of demand reduction and likely weather and specify storage accordingly - storing too much in summer would be inefficient, tying up capital, storing to little in winter could result in shortages.
This would suggest that should a once in a century period of cold weather happen at the wrong time of year then there might be real supply problems.
I suppose the amount you choose to store in summer depends on the margin you can make on it.
The other side is if you simply pass the cost on and recover £X overhead + profit via a standing charge, for instance, does it really matter what the commodity cost is?
Arguably 1/100 years scenario we should just take the hit."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
who is responsible to ensure that we have an adequate gas supply?0
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National Grid. There's plenty of gas available.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
They manage some of it too. They can issue orders to power stations or other very large users to stop burning gas if the stocks are really very low.no, national grid distribute the gas they don't own it or supply it.:footie: Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
They manage some of it too. They can issue orders to power stations or other very large users to stop burning gas if the stocks are really very low.
No, the transporters may have interruptible contracts with their customers and of course the independent National Emergency Co-ordinator can order interruption of gas supplies in an emergency.
The NEC operates via the National Grid.
Basically the UK relies on the market to ensure security of supply.0 -
The pound's up again. It must either be the rampant success that is Britain under the Tories or perhaps just the normal noise that comes out of markets.
Have you run out of gas yet? I thought it was down to a couple of days of supply left. Oh yeah, there's a market for gas which perhaps someone could use to buy some more for the UK to burn:
http://m.guardian.co.uk/environment/2013/mar/24/uk-gas-supply-pressure-eased0
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