Electricity prices worldwide

MouldyOldDough

https://www.globalpetrolprices.com/USA/electricity_prices/

MouldyOldDough

Why does Russia cutting off gas to Germany affect UK?
Only 5%.of UK gas comes from Nord pipeline 

TheMilkmansDad

where do Germany get the Gas they need if not the Russia? Same place we do. Supply and demand. Demand is high, supply is low = cost goes up.

markin

Uk are competing for the 30% from norway and for the lng. Now if the energy companies had got 2 year contracts when it was still cheap we would all be good.

MouldyOldDough

markin said:

Uk are competing for the 30% from norway and for the lng. Now if the energy companies had got 2 year contracts when it was still cheap we would all be good.

But we have our own supply 

QrizB

MouldyOldDough said:

markin said:

Uk are competing for the 30% from norway and for the lng. Now if the energy companies had got 2 year contracts when it was still cheap we would all be good.

But we have our own supply 

Only 50% of the gas used in the UK comes from domestic spources, the other 50% is imported.

michaels

MouldyOldDough said:

https://www.globalpetrolprices.com/USA/electricity_prices/

UK Dec 21 price was .286 not the .334 quoted

MouldyOldDough

QrizB said:

MouldyOldDough said:

markin said:

Uk are competing for the 30% from norway and for the lng. Now if the energy companies had got 2 year contracts when it was still cheap we would all be good.

But we have our own supply 

Only 50% of the gas used in the UK comes from domestic spources, the other 50% is imported.

So the UK is not even self sufficient in domestic supplies as it stands - with Gas boilers being banned from 2025 on new properties - how many more GW of electrical power are going to be required to heat homes and that's wthout all the extra electrical power required by the EVs that are going to be required due to the increasing cost of petrol...

I have said it before and will no doubt say it again - but things just do not add up - the UK is going to have serious energy problems in a few years

wrf12345

The UK may have fifty percent domestic supply but those suppliers will sell at the same price as everyone else so even if consumption was halved (possible for domestic consumers, unlikely for commercial ones) it does not mean than there would be much of a price benefit for UK consumers - unless the whole industry was nationalized.

There is also a dysfunction between the energy companies need to make back the money they lost and the planet's need to radically reduce consumption, which should have been the starting point for the govn rather than throwing money at the problem.

Mstty

MouldyOldDough said:

QrizB said:

MouldyOldDough said:

markin said:

Uk are competing for the 30% from norway and for the lng. Now if the energy companies had got 2 year contracts when it was still cheap we would all be good.

But we have our own supply 

Only 50% of the gas used in the UK comes from domestic spources, the other 50% is imported.

So the UK is not even self sufficient in domestic supplies as it stands - with Gas boilers being banned from 2025 on new properties - how many more GW of electrical power are going to be required to heat homes and that's wthout all the extra electrical power required by the EVs that are going to be required due to the increasing cost of petrol...

I have said it before and will no doubt say it again - but things just do not add up - the UK is going to have serious energy problems in a few years

Fire up the coal stations and build as many nuclear power stations as we can then turn off the coal powered stations.

MouldyOldDough

Also the "green" reasons /excuses are a waste of time

Do people believe that if we in the UK cut back 10% on greenhouse gases - it will  have any effect at all on climate change ?

Of course it won't - China and India are still building new coal fired power stations

Why should the UK always be the one who gets stung by the ineptitude of others ?

That's my daily whinge - sorry