Naive question

Evan3020

74% of the entire universe is Hydrogen.

Danny16

FreeBear said:

Some 95% of hydrogen production comes from processing natural gas. Very little comes from electrolysis using renewable electricity. Until that changes, there is little to be gained by transitioning to hydrogen - Indeed, before that happens, there needs to be a huge investment in distribution infrastructure and also at the point of use.

Absolutely, and you are right for pointing that out as I did fail to mention it.

Yes that has been a talking point about hydrogen, transport and efficiencies of transporting or producing locally.

Producing locally (at a fuel station for example) would have a higher premium as it is smaller scale production, but then the transport of the hydrogen from a large producer is also seen as inefficient. So until that investment is made then as you say, little to be gained.

Again if any of my facts are incorrect please politely correct me

born_again

71peyman71 said:

With many energy companies announcing record profits, why did the price cap need to rise? Who is ofgem on the side of? I thought it was supposed to be on the side of the people?

Well if that is the case why are the Government having to spend over £2billion to prop up bulb?
& Octopus Energy has asked the government for a £1bn taxpayer funding package to seal a takeover of Bulb, If they are making so much profit?

gazapc

pete365 said:

To my mind no one (government, this forum, etc.) has successfully explained why when 50% of the gas the UK uses comes from UK gas reserves that are licenced by the UK government for extraction (it is our gas) that it has to be sold to household energy suppliers at the international rate. I understand that the other 50% would have to be sourced at the international rate. It seems stupid not to cap or even reduce UK gas for use in the UK. This could be done for a short term period during the crisis. Not doing it hands a weapon to Putin. It would be very interesting to know what other North sea gas countries are doing for their people during this time. It is our gas we do not need to be a slave to international prices.

Trade restrictions have consistently shown to have a net-negative effect on the wealth of a country.

Comparable restrictions on food exports from certain countries are likely to cause significant harm globally.

https://blogs.worldbank.org/psd/how-export-restrictions-are-impacting-global-food-prices

Capping UK produced gas has the opposite effect regarding Putin. It would raise prices further.

Interestingly, who do you think should go without gas so wealthy westerners can have their gas prices subsidised? What extra tax would you pay to cover the lost tax revenue from selling at a market rate?

[Deleted User]

born_again said:

71peyman71 said:

With many energy companies announcing record profits, why did the price cap need to rise? Who is ofgem on the side of? I thought it was supposed to be on the side of the people?

Well if that is the case why are the Government having to spend over £2billion to prop up bulb?
& Octopus Energy has asked the government for a £1bn taxpayer funding package to seal a takeover of Bulb, If they are making so much profit?

Bulb is an outlier. It really isn’t trading as a normal energy supplier. My understanding is that under Special Administration rules it is not allowed to hedge so every Bulb customer’s energy use is being subsidised by the taxpayer. Octopus is clearly seeking the £1Bn support to enable it to cover the cost of the extra energy that it would need to purchase to support these customers. The BEIS Energy Select Committee has suggested that the rules on hedging should be reviewed: horses and stable doors come to mind.

brewerdave

Sea_Shell said:

Evan3020 said:

We used to have those massive gasometers or whatever they were called for people of a certain age but i think that was for gas made from coal? I may have made that up.

Ours is now a Lidl.

And ours is an IKEA !!