Energy news in general

tghe-retford

The PM programme on BBC Radio 4 stated that the Government under a new leader will be asking people to prepare to stop using their gas and electric appliances to prevent blackouts and cut usage. The industry experts on there believe it is consumers who will have to make changes to their lifestyles and that the true scale of the issue is not being taken seriously enough by either the Government or the public.

pochase

tghe-retford said:

The PM programme on BBC Radio 4 stated that the Government under a new leader will be asking people to prepare to stop using their gas and electric appliances to prevent blackouts and cut usage. The industry experts on there believe it is consumers who will have to make changes to their lifestyles and that the true scale of the issue is not being taken seriously enough by either the Government or the public.

Interesting, exactly the opposite of what is discussed here

https://forums.moneysavingexpert.com/discussion/6381360/who-will-pay#latest

No 10 saying there is no risk of black-outs.

tghe-retford

pochase said:

tghe-retford said:

The PM programme on BBC Radio 4 stated that the Government under a new leader will be asking people to prepare to stop using their gas and electric appliances to prevent blackouts and cut usage. The industry experts on there believe it is consumers who will have to make changes to their lifestyles and that the true scale of the issue is not being taken seriously enough by either the Government or the public.

Interesting, exactly the opposite of what is discussed here

https://forums.moneysavingexpert.com/discussion/6381360/who-will-pay#latest

No 10 saying there is no risk of black-outs.

Number 10 might be saying one thing publicly to save face but may know different behind closed doors. There have been many a time when the Government says one thing and then u-turns later on. We'll see who's right, the No 10 press office or the industry experts.

pochase

The Independent headline is

so they also believe more in the experts. Reminds me a bit of there were no parties.

QrizB

Archie_Duke said:

Times 22/08/20

Despite this, The Times revealed in December that the government had opted for Bulb’s administrators to buy most of its wholesale energy at even more short notice because of a Treasury policy against hedging. That has left it exposed to surging wholesale energy prices ever since.

Tomorrow, for example, the day-ahead wholesale price of electricity is averaging 54p/kWh (excluding VAT and about 12p/kWh of other charges) but Bulb will be selling it to consumers at 28p/kWh.

michaels

pochase said:

The Independent headline is

so they also believe more in the experts. Reminds me a bit of there were no parties.

Yes, only the top 50% will be able to afford to buy energy so with demand halved, the risk of blackouts is negligible....

pochase

Today's update from Auxilione passes the £1 mark for electricity coming April.

Mstty

pochase said:

Today's update from Auxilione passes the £1 mark for electricity coming April.

Remember when diesel got to £2 a litre this is a landmark moment. (Albeit just a prediction of worse case scenario)

Sea_Shell

Those are some truly scary numbers!!  

Robin9

Northern_Wanderer said:

People might get a shock when energy prices rise again. But the other concern is the impact energy prices will have on business and the subsequent increases in prices of goods that will inevitably have to come.....

I know price of goods has been increasing, but can't see how businesses can possibly keep prices same with huge energy bills.

 I run a Church Hall with typical users like Toddler groups , Food Bank, choirs and very noticeably post Corvid a big demand for Well Being, MIND and AA. Until now utilities have been 20% of our costs and we aim to break even - next year is likely to be approaching 60%.  

If I raise my charges to what they should be I am likely to force some of these groups to close