Bulb to be Nationalised?

oliverbrown

WillPS said:

Nuclear is probably the answer but that capacity takes a long time, decades in fact, to come on line.

Not least because of protests against building new plants. https://stopsizewellc.org/

Uxb1

As I've said on here before
the Sizewell B (let alone the current C) protests at the planning stage meant it took 10 years to get approved
I hope all those protesting are now happy?
Just think we could have had a whole stream of new nuclear PS's fully operational to replace the first generation stations all now mostly decommissioned.

On a different subject of the cap we saw, for those of us looking, what happens in totally un regulated Texas (?last?) year during the snow/ice storm where people ended up paying thousands of dollars for 5 days of electric as prices to the consumer went ballistic due to the shortage of generation and the resulting price rise for what was available and what was being paid huge amount of money to make themselves available even if really they were shut down for repairs etc.

Just wait until a standard winter's January when an anticyclone weather system sits stationary over the UK for a couple of weeks -which means freezing fog all day, nil wind and temperatures at or just below zero. So there will be no solar and no wind and everyone will have the heating on full blast.

[Deleted User]

meinnit said:

Norway produces 99% renewable energy so it's possible

https://en.m.wikipedia.org/wiki/Renewable_energy_in_Norway

Agreed but almost all of it by Hydro

Watch out Scotland .....

[Deleted User]

Argument about who should be the Administrator. 

Teneo is what used to be Deloitte. Interpath is what used to be KPMG. 

https://news.sky.com/story/bulb-creditor-sequoia-inflames-insolvency-row-over-55m-secured-loan-12477581

[Deleted User]

[Deleted User] 

Agreed but almost all of it by Hydro

Watch out Scotland .....

There has been some discussion of Tidal power on the General Energy thread. After all, we are an island…

Shedman

Government sets aside £1.7bn to bail out energy supplier Bulb as it enters administration

Bulb was too big to fail, but it will cost £2.1 billion just to run the company until the end of April

https://apple.news/Ankixb1fkR8yFHSbNT39ULA

[Deleted User]

Nice quote from Ed Miliband there. He’s either hit the nail on the head, or he’s been reading these boards…

luckwudaveit

Whilst this loan was the only option, it's helped Bulb customers as I presume they stay on their existing tarrifs. Whereas those of us who were with smaller companies that have gone under, have been moved to the capped tarrif.

QrizB

luckwudaveit said:

Whilst this loan was the only option, it's helped Bulb customers as I presume they stay on their existing tarrifs. Whereas those of us who were with smaller companies that have gone under, have been moved to the capped tarrif.

As many prople have already stated, Bulb's customers are all already on the capped tariff.

t0rt0ise

luckwudaveit said:

Whilst this loan was the only option, it's helped Bulb customers as I presume they stay on their existing tarrifs. Whereas those of us who were with smaller companies that have gone under, have been moved to the capped tarrif.

Bulb only have one tariff and it is at the cap already so no need to worry!