Energy news in general

Mstty

pochase said:

You are correct, I had the gas price instead of electricity.


Somehow that does not make it less scary.

I know it is super scary👍😥

pochase

What surprises me is that now increase for electricity seems to be higher and also longer than gas.

MattMattMattUK

Mstty said:

Reality hurts.

1) Give in to Russian demands in the Ukraine (not acceptable)
2) Nationalise the energy industry (not financially viable)
3) Government subsidises energy (not sustainable long term)
4) Spark up the coal power stations (national uproar)
5) Green light all proposed nuclear power stations (national uproar)

Hobson's choice really

I will take option five and it seems sensible to me, relatively cheap energy, at least in terms of current and any future prices, reliable, carbon neutral and stable for domestic production. The only issue is that it would take ten years to get the first plants online and 15-20 years to have full production from nuclear. 

In the short term we are all going to have to face up to lower living standards, that is hardly new as that has always happened cyclically with recessions, it is never fun, but neither is it the end of the world. 

Evan3020

Those Nuclear power plants will be ready in 15 years.

Evan3020

And 100 years to decommission.

MattMattMattUK

pochase said:

What surprises me is that now increase for electricity seems to be higher and also longer than gas.

I think that is something to do with the energy we get through the interconnectors having risen more and the fact that with the lower gas supplies to Europe they do not expect those to come back down again soon. Norway is also reducing electricity exports due to water shortages for hydro.

spot1034

MattMattMattUK said:

pochase said:

What surprises me is that now increase for electricity seems to be higher and also longer than gas.

I think that is something to do with the energy we get through the interconnectors having risen more and the fact that with the lower gas supplies to Europe they do not expect those to come back down again soon. Norway is also reducing electricity exports due to water shortages for hydro.

On that last point, I'm not sure what the forecast is for Norway but the forecasters are becoming increasingly confident that our present drought in the SE will come to an end early next week, and the weather always seems to have a habit of making up for an extreme event. So the situation might change in the next few months (or sooner).

MattMattMattUK

spot1034 said:

MattMattMattUK said:

pochase said:

What surprises me is that now increase for electricity seems to be higher and also longer than gas.

I think that is something to do with the energy we get through the interconnectors having risen more and the fact that with the lower gas supplies to Europe they do not expect those to come back down again soon. Norway is also reducing electricity exports due to water shortages for hydro.

On that last point, I'm not sure what the forecast is for Norway but the forecasters are becoming increasingly confident that our present drought in the SE will come to an end early next week, and the weather always seems to have a habit of making up for an extreme event. So the situation might change in the next few months (or sooner).

Norway is well below typical water volumes, not something that even heavy rain for several months would solve as a lot of it will take until next year from winter snow and then meltwater to refill. Normally at this point in the year they are at around 75% of capacity, they are currently at 48%, electricity exports will drop, the only real question is how low do they go.

https://www.ft.com/content/7f001d0c-63d0-4cfa-92a7-2cc6462d7887

Mstty

I came across this earlier on twitter in the Cornwall Insights price cap thread

Had not heard of Auxilione before but the graph for high medium and low users was interesting.

https://twitter.com/NigelBanks_ilke/status/1556930190672101377?t=NfSMr80kFPelElnkzjoHrw&s=19

Max68

Not sure if I read it on here or heard it on the radio, but EDF

Put their prices up in France, 5%

Here, put prices up 60%

Can anyone in the know explain, why, how, etc?!