Energy news in general

MultiFuelBurner

MattMattMattUK said:

It is probably time to allow different rates to be applied to those who refuse installation of smart meters, maybe double the standing charges and 10p per kWh surcharge. 

Gets my vote

70sbudgie

I'm not sure that financial penalty is the right response to something that is an education issue. People that refuse a smart meter normally refuse because of some belief that the change is to their detriment. So we need to do more to educate first. When the vast majority are on smart meters and benefitting from Tou tariffs, the stubborn few will already be in the position of being financially penalised.

MultiFuelBurner

70sbudgie said:

I'm not sure that financial penalty is the right response to something that is an education issue. People that refuse a smart meter normally refuse because of some belief that the change is to their detriment. So we need to do more to educate first. When the vast majority are on smart meters and benefitting from Tou tariffs, the stubborn few will already be in the position of being financially penalised.

Financial penalties soon focus the mind.

markin

https://www.theguardian.com/environment/2023/nov/16/uk-to-offer-higher-subsidies-for-offshore-windfarms-after-crisis-talks

They said they need £75 mwh they get 73, And no mention of topping up the contacts so any will actually be built this year or in the next 5 years?

MattMattMattUK

markin said:

https://www.theguardian.com/environment/2023/nov/16/uk-to-offer-higher-subsidies-for-offshore-windfarms-after-crisis-talks

They said they need £75 mwh they get 73, And no mention of topping up the contacts so any will actually be built this year or in the next 5 years?

I suspect they will get a similar response to last time, which will then result in it requiring a third round before anything actually happens. 

GreenCustomer

Cornwall Insight's

 Current predictions: calculated from market closing prices on 15 November 2023

https://www.cornwall-insight.com/press/cornwall-insights-final-forecast-for-the-january-price-cap/

dealyboy

GreenCustomer said:

Cornwall Insight's

 Current predictions: calculated from market closing prices on 15 November 2023

https://www.cornwall-insight.com/press/cornwall-insights-final-forecast-for-the-january-price-cap/

The question is will supplier competition keep some SVTs below the new cap, as now?

70sbudgie

MultiFuelBurner said:

70sbudgie said:

I'm not sure that financial penalty is the right response to something that is an education issue. People that refuse a smart meter normally refuse because of some belief that the change is to their detriment. So we need to do more to educate first. When the vast majority are on smart meters and benefitting from Tou tariffs, the stubborn few will already be in the position of being financially penalised.

Financial penalties soon focus the mind.

Yes, but it has to be targeted at the right people. My concern is that the financial penalties have the potential to most impact those least able to respond. (Poverty and lack of education often go hand in hand)

michaels

markin said:

https://www.theguardian.com/environment/2023/nov/16/uk-to-offer-higher-subsidies-for-offshore-windfarms-after-crisis-talks

They said they need £75 mwh they get 73, And no mention of topping up the contacts so any will actually be built this year or in the next 5 years?

Why announce a top price at all? -The market will tell us what is really needed to pull forward supply - no doubt the £75 is put out that to drive expectations/try to force the govts hand - previously bids have come in below the ceiling.

Not sure what the best way to make firms actually exercise their price option is though, currently they can put forward a speculative bid and then only proceed if it makes sense economically at build time - a sort of 'free option'.

I also think we are in a bit of a price bubble at the moment with a lot of countries wanting to go big on wind and capacity not yet ramped, we may get more wind cheaper if we delay a few years than lock in current bubble prices.

casjen

Posts saying those people who refuse smart meters should pay more are mean spirited and vindictive.