Energy news in general

Scot_39

silverwhistle said:

Scot_39 said:

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My SSE shares are doing very very well, particularly on the back of the recent news of major investments in renewables including the means to bring it to market. 
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Above far more what people need to know.

Vug taking your other so called points

You can of course be unhappy about more than one in part avoidable cost built into energy bills.
You don't only have to pick one.
There is no conflict.

And as to Ukraine and higher bills - the reality is that non CfD renewables were paid the same - and made so much profit for their owners - were subject to a 45% windfall tax.
And since prices recovered from worst of peak - wind CfD contracts are once again adding to electricity bills - £27 in wholesale price in df dd cap when last identified in Ofgem quarterly cap letters.
So at that time renewables impacting bills upwards 
More expensive wholesale
More expensive due to curtailment and balancing costs
More expensive to transmit to users.


And your offensive attack on my views - well a very poor attempt to avoid debate - dismissing critical views - and deliberately twisting others words.

Especialky for one who then admits openly to profiting directly from renewables - a real own goal in any discussion..

Wheras I hold no fossil shares directly.

And as a low use - not by choice but forced by cost -  all electric household i use less fossil for domestic energy than vast majority of households.

And whilst fossil gas savings currently offsets rising policy - and so rising electricity prices in the recently announced Jan cap - all electric homes make no such savings - so fully exposed to recent policy and network cost increases.

Perhaps if gas prices hadn't dropped, or policy costs pushed onto gas as a stick to drive reductions in use others would be taking an equally critical view.

Currently the stick seems biased towards electric costs - standing charges and units.

Duel fuel cap now up 7.4% in just 3 months cone Jan 1st - just in time for winters harshest months in many areas.  In rough terms many homes - often poorest homes - face having to find an extra months worth of money to pay these higher bills.

And remember the govt wants more homes only using electric.

Despite the growing obvious pushback against net zero changes - not out of climate change denial - but costs.  All too often avoidable costs - like the infamous Seagreen'ss (49% owned by SSE) 71% curtailment and SSEvia 75% stake in SSEN TNO future share in profits on £10s bns on remote network connections for GW of wind installed in Scotland with no realistic local demand.

There was a recent poster said initially wind farms had to pay for their own network connections or capacity upgrades.  Now we pay until they are properly connected and we pay for doing them.  Is that justice for energy users.

michaels

As we don't know what gas will cost in the future it is pretty hard to say how much more or less renewables will cost

Scot_39

We dont know what renewables or the new networks to support them will cost in future either.

One of the current approved EGLs increased around a third in Ofgem review period from sub £3bn - c2.8 iirc to over £4bn.

Ar6 offshore wind unindexed 2012 rate went up 57% above ar4 low.  More like 50% with indexes.

Or the tax policy / green policy that will apply to either.