Energy Price Guarantee (announced 8 Sep): initial reaction & questions

Mstty

alibean121 said:

Errrr I’m on an Eon fix that’s at the April price cap for unit rates with an extra £5 a month standing charge for another 18 months. I very much would not like to be released from this.

You should also be a little annoyed that you will be paying your fair share of the £100+ billion package when the repayments start and getting only 6 months of it at the end?

Same boat as you but it is what it is lol

SnakePlissken

boysim344 said:

All you hear about is gas prices, i am all electric and the heating system is a electric boiler with radiators. this is very expensive to run. does anyone know if any extra help will be given or is the goverment thinking everyone has gas?

The government bases cap on everyone using a mix of gas/electric which is most energy being used on gas.

It doesnt take account of all electric who will be 100% electric usd and use far more electricity, n9r does it take account of those on offpeak plans like economy 7.

The electricty price is affected by gas, no matther the amount generated, it inflates the daily unit price on the market.
(Today on Radio4  show 'more or Less'  explain that recently gas has been used more, but more importantly even when gas use  is low it affects all generation prices on the market.

." This is because the gas power plants are the generator of last resort, nuclear is genearlly always on and renewables are always on if conditions are right. There is almost  always are requirement for some extra genaration somewhere in the uk on top of that. And that capacity comes from gas generation".  Which sets the price for the whole day no mattger how much is generated from as daily price is based on the last  most expensive electricty

on bbc iplayer... sounds/play/m001brmm'

I cant post the full link but if you search more or less and todays show you should be able to hear this explained, by an expert on this.

[Deleted User]

SnakePlissken said:

It doesnt take account of all electric who will be 100% electric usd and use far more electricity, n9r does it take account of those on offpeak plans like economy 7.

Yes it does.  There is a specific section in the cap for multi-rate tariffs, and a different 'typical annual usage' for people without gas.

Just because it isn't the single number shouted in the headlines doesn't mean it's not there.

[Deleted User]

SnakePlissken said:

The electricty price is affected by gas, no matther the amount generated, it inflates the daily unit price on the market.
(Today on Radio4  show 'more or Less'  explain that recently gas has been used more, but more importantly even when gas use  is low it affects all generation prices on the market.

." This is because the gas power plants are the generator of last resort, nuclear is genearlly always on and renewables are always on if conditions are right. There is almost  always are requirement for some extra genaration somewhere in the uk on top of that. And that capacity comes from gas generation".  Which sets the price for the whole day no mattger how much is generated from as daily price is based on the last  most expensive electricty

And that's partially true but misses some very very important points by trying to make it simple for people to understand.

Electricity price is affected by gas, absolutely.  But neither maximum daily spot price, nor system buy/sell prices (which are the ones applied to balance the system in each trading period) directly set the price received by all generators on all days, which is what the show alluded to.

SnakePlissken

[Deleted User] said:

SnakePlissken said:

The electricty price is affected by gas, no matther the amount generated, it inflates the daily unit price on the market.
(Today on Radio4  show 'more or Less'  explain that recently gas has been used more, but more importantly even when gas use  is low it affects all generation prices on the market.

." This is because the gas power plants are the generator of last resort, nuclear is genearlly always on and renewables are always on if conditions are right. There is almost  always are requirement for some extra genaration somewhere in the uk on top of that. And that capacity comes from gas generation".  Which sets the price for the whole day no mattger how much is generated from as daily price is based on the last  most expensive electricty

And that's partially true but misses some very very important points by trying to make it simple for people to understand.

Electricity price is affected by gas, absolutely.  But neither maximum daily spot price, nor system buy/sell prices (which are the ones applied to balance the system in each trading period) directly set the price received by all generators on all days, which is what the show alluded to.

Listen to the show on R4, its a fact.
Thats what more or less show is, it bebunks incorrect information and provide statistcs and facts on current news. Be it claims that 1/3 of pakistans lands mass was flooded, whichnit wasnt. Or the facts on why electricty prices are so high

Im correct in what im saying as i transcripted what the expert on the show said

If your saying im wrong, listen to link and if you disagree with the expert guest who gave the information complain to the show and say in your expert opinion, they are wrong as you know more than their invited guest.

SnakePlissken

[Deleted User] said:

SnakePlissken said:

It doesnt take account of all electric who will be 100% electric usd and use far more electricity, n9r does it take account of those on offpeak plans like economy 7.

Yes it does.  There is a specific section in the cap for multi-rate tariffs, and a different 'typical annual usage' for people without gas.

Just because it isn't the single number shouted in the headlines doesn't mean it's not there.

Sorry I disagree with you.

Provide links rather than 'your expert opinion' please?

Anyone can say something with nae evidence tae back their claim up!

[Deleted User]

SnakePlissken said:

Deleted_User said:

SnakePlissken said:

The electricty price is affected by gas, no matther the amount generated, it inflates the daily unit price on the market.
(Today on Radio4  show 'more or Less'  explain that recently gas has been used more, but more importantly even when gas use  is low it affects all generation prices on the market.

." This is because the gas power plants are the generator of last resort, nuclear is genearlly always on and renewables are always on if conditions are right. There is almost  always are requirement for some extra genaration somewhere in the uk on top of that. And that capacity comes from gas generation".  Which sets the price for the whole day no mattger how much is generated from as daily price is based on the last  most expensive electricty

And that's partially true but misses some very very important points by trying to make it simple for people to understand.

Electricity price is affected by gas, absolutely.  But neither maximum daily spot price, nor system buy/sell prices (which are the ones applied to balance the system in each trading period) directly set the price received by all generators on all days, which is what the show alluded to.

Listen to the show on R4, its a fact.
Thats what more or less show is, it bebunks incorrect information and provide statistcs and facts on current news. Be it claims that 1/3 of pakistans lands mass was flooded, whichnit wasnt. Or the facts on why electricty prices are so high

Im correct in what im saying as i transcripted what the expert on the show said

If your saying im wrong, listen to link and if you disagree with the expert guest who gave the information complain to the show and say in your expert opinion, they are wrong as you know more than their invited guest.

Not saying you're wrong in what you heard, just that the expert was simplifying the situation (as you would when trying to explain something as complex as international energy markets to the general listener).

And yes, I will trust my expert opinion - I have been published and spoken at international conferences on electricity market design, CfDs, capacity charges, and all the other things that go into this.

SnakePlissken

[Deleted User] said:

SnakePlissken said:

Deleted_User said:

SnakePlissken said:

The electricty price is affected by gas, no matther the amount generated, it inflates the daily unit price on the market.
(Today on Radio4  show 'more or Less'  explain that recently gas has been used more, but more importantly even when gas use  is low it affects all generation prices on the market.

." This is because the gas power plants are the generator of last resort, nuclear is genearlly always on and renewables are always on if conditions are right. There is almost  always are requirement for some extra genaration somewhere in the uk on top of that. And that capacity comes from gas generation".  Which sets the price for the whole day no mattger how much is generated from as daily price is based on the last  most expensive electricty

And that's partially true but misses some very very important points by trying to make it simple for people to understand.

Electricity price is affected by gas, absolutely.  But neither maximum daily spot price, nor system buy/sell prices (which are the ones applied to balance the system in each trading period) directly set the price received by all generators on all days, which is what the show alluded to.

Listen to the show on R4, its a fact.
Thats what more or less show is, it bebunks incorrect information and provide statistcs and facts on current news. Be it claims that 1/3 of pakistans lands mass was flooded, whichnit wasnt. Or the facts on why electricty prices are so high

Im correct in what im saying as i transcripted what the expert on the show said

If your saying im wrong, listen to link and if you disagree with the expert guest who gave the information complain to the show and say in your expert opinion, they are wrong as you know more than their invited guest.

Not saying you're wrong in what you heard, just that the expert was simplifying the situation (as you would when trying to explain something as complex as international energy markets to the general listener).

And yes, I will trust my expert opinion - I have been published and spoken at international conferences on electricity market design, CfDs, capacity charges, and all the other things that go into this.

Still nae links though.

If you make claims back it up with evidence, otherwise "its an opinion"

[Deleted User]

SnakePlissken said:

[Deleted User] said:

SnakePlissken said:

Deleted_User said:

SnakePlissken said:

The electricty price is affected by gas, no matther the amount generated, it inflates the daily unit price on the market.
(Today on Radio4  show 'more or Less'  explain that recently gas has been used more, but more importantly even when gas use  is low it affects all generation prices on the market.

." This is because the gas power plants are the generator of last resort, nuclear is genearlly always on and renewables are always on if conditions are right. There is almost  always are requirement for some extra genaration somewhere in the uk on top of that. And that capacity comes from gas generation".  Which sets the price for the whole day no mattger how much is generated from as daily price is based on the last  most expensive electricty

And that's partially true but misses some very very important points by trying to make it simple for people to understand.

Electricity price is affected by gas, absolutely.  But neither maximum daily spot price, nor system buy/sell prices (which are the ones applied to balance the system in each trading period) directly set the price received by all generators on all days, which is what the show alluded to.

Listen to the show on R4, its a fact.
Thats what more or less show is, it bebunks incorrect information and provide statistcs and facts on current news. Be it claims that 1/3 of pakistans lands mass was flooded, whichnit wasnt. Or the facts on why electricty prices are so high

Im correct in what im saying as i transcripted what the expert on the show said

If your saying im wrong, listen to link and if you disagree with the expert guest who gave the information complain to the show and say in your expert opinion, they are wrong as you know more than their invited guest.

Not saying you're wrong in what you heard, just that the expert was simplifying the situation (as you would when trying to explain something as complex as international energy markets to the general listener).

And yes, I will trust my expert opinion - I have been published and spoken at international conferences on electricity market design, CfDs, capacity charges, and all the other things that go into this.

Still nae links though.

If you make claims back it up with evidence, otherwise "its an opinion"

I gave you links last time, and you just decided to "agree to disagree".

I'm not going to do your research for you.

Enjoy your trolling.

SnakePlissken

[Deleted User] said:

SnakePlissken said:

[Deleted User] said:

SnakePlissken said:

Deleted_User said:

SnakePlissken said:

The electricty price is affected by gas, no matther the amount generated, it inflates the daily unit price on the market.
(Today on Radio4  show 'more or Less'  explain that recently gas has been used more, but more importantly even when gas use  is low it affects all generation prices on the market.

." This is because the gas power plants are the generator of last resort, nuclear is genearlly always on and renewables are always on if conditions are right. There is almost  always are requirement for some extra genaration somewhere in the uk on top of that. And that capacity comes from gas generation".  Which sets the price for the whole day no mattger how much is generated from as daily price is based on the last  most expensive electricty

And that's partially true but misses some very very important points by trying to make it simple for people to understand.

Electricity price is affected by gas, absolutely.  But neither maximum daily spot price, nor system buy/sell prices (which are the ones applied to balance the system in each trading period) directly set the price received by all generators on all days, which is what the show alluded to.

Listen to the show on R4, its a fact.
Thats what more or less show is, it bebunks incorrect information and provide statistcs and facts on current news. Be it claims that 1/3 of pakistans lands mass was flooded, whichnit wasnt. Or the facts on why electricty prices are so high

Im correct in what im saying as i transcripted what the expert on the show said

If your saying im wrong, listen to link and if you disagree with the expert guest who gave the information complain to the show and say in your expert opinion, they are wrong as you know more than their invited guest.

Not saying you're wrong in what you heard, just that the expert was simplifying the situation (as you would when trying to explain something as complex as international energy markets to the general listener).

And yes, I will trust my expert opinion - I have been published and spoken at international conferences on electricity market design, CfDs, capacity charges, and all the other things that go into this.

Still nae links though.

If you make claims back it up with evidence, otherwise "its an opinion"

I gave you links last time, and you just decided to "agree to disagree".

I'm not going to do your research for you.

Enjoy your trolling.

Not trolling, you replied to me 1st.

You responeded to wherevi said cao doesnt take in all electric users

If there was a block/ignore button, like other forums have would i would block you

Goodbye, i wont reply to you again, please dont reply to me either.

And we can then ignore each other with out a block button