Forums
There is currently 1 person viewing this thread.
These 256 comments are related to the topic:
Gas price rises.

Post your reply

Text Format: Table: Smilies:
Forum does not support HTML
Insert Photo
Cancel
Page 2 of 7  •  Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | Next
sort by:
Show
per page
Replies: 256
By:
----you-have-to-laugh---
When: 20 Sep 21 12:35
Shirley they plan for spells of calm weather

don't they?
By:
Just Checking
When: 20 Sep 21 12:37
1TP yes you are no doubt correct, that if we are more reliant on a volatile globally traded commodity and it shoots up in price at th same time as other sources go down in availability, we will be stung harder. That's logical. What is bullsh1t is the crap above about this being caused by "brexit" and "leaving regulated prices". Which is just made up crap by a lying remoaner making a fool of himself.
By:
1st time poster
When: 20 Sep 21 12:37
yeh they buy more gas of russia/france etc and if that happens during a price hike/war you pay the penalty , theres also a breakdown in the pipeline bring imported gas in from france which has hit supplies /prices
By:
----you-have-to-laugh---
When: 20 Sep 21 12:39
Havnt we got Norf sea gas on tap?

I still remember getting converted to use it.


I played golf with American guy
who was over here to help
set up uk gas.

He reckoned we wasted so much


More and more folk will be getting
them dreadful log burners that
stink up the whole street
By:
1st time poster
When: 20 Sep 21 12:41
nice to see gov ministers quick to blame the smaller providers for their business modeal,same providers cameron.may,johnson, money experts have been begging us all to switch to 24/7 for last 10 yrs
By:
1st time poster
When: 20 Sep 21 12:45
i imagine the chinese,russians etc will invent a high powered carbon creating machine which will turn our wind turbines when we have spells of light /no wind LaughLaughLaugh
By:
----you-have-to-laugh---
When: 20 Sep 21 12:45
It is a bad model.

Makes money while prices fall,
stay stable,.. Allowing a profit
to be made on a vital product.

Price goes up...


Shut down failing companies
allowing the profit to be retained


Shift customers elsewhere.



Ride out storm, get a new name,
set up another company to sell gas...
By:
1st time poster
When: 20 Sep 21 12:46
just wait till we have millions of lecky cars abandoned everywhere in 10 yrs time because of lecky cuts LaughLaugh
By:
----you-have-to-laugh---
When: 20 Sep 21 12:51
Are we really going to buy
battery cars with no petrol tank?

Truely scarey.
By:
1st time poster
When: 20 Sep 21 13:02
no rush to the checkout for hydro boilers,heat pumps,lecky cars etc,this will be a wake up call and the right wing media already on the case for johnson to stop all this so called green shpoite so nah chance of any government inducements for people to go green, the MAIL already want the green levy on utility bills to go LaughLaughLaugh, poor old bojo got carrie blowing all the green shoite in his ear,
tories out doing labour manifesto again and 3 day week not 4 to counter gas shortages,
By:
1st time poster
When: 20 Sep 21 13:04
saves that dragons den company PAY MY BILLS alot of leg work  as all the smaller companies go
By:
----you-have-to-laugh---
When: 20 Sep 21 13:10
Heat pumps!


Had a leaflet, free for poor households.

Warning... You may need to upgrade
radiators as its not so efficient

Warning... Doesn't work so well
when it's really cold outside.

£9.5 K to install an inferior
system.

Err, no thanks
By:
Just Checking
When: 20 Sep 21 13:42
I'm with one of the smaller companies so I fear I'm about to have hassle and hoops to jump through :(
Last big company I was with were a shower of b*stards, and I've been happy with the new guys, so it's annoying.
By:
1st time poster
When: 20 Sep 21 13:55
everyones happy when buy and sellers are buying into a contract they cant pay up on,used to be called fools gold,
and in good auld tory free market capitalist britian gov,customer,provider,new provider want bailing out by the tax payer

the tories are now the party addicted to spending taxpayers money
By:
1st time poster
When: 20 Sep 21 13:57
unchained kwasi desperate to get in to the taxpayers piggy bank again to bail out lazy,feckless,greedy uk plc
By:
Cider
When: 20 Sep 21 13:57
This is not a new phenomenon, JC. Regulator failure. Just google Iresa for example.
By:
----you-have-to-laugh---
When: 20 Sep 21 14:05
Privatise the profits.
Nationalise the loss.
It's the rich what gets the gravy.
It's the poor what gets the dross.
By:
Just Checking
When: 20 Sep 21 14:41
"and in good auld tory free market capitalist britian gov,customer,provider,new provider want bailing out by the tax payer
the tories are now the party addicted to spending taxpayers money "

But the tories are letting them go to the wall, so this is, back to usual form, bollocks.
By:
Just Checking
When: 20 Sep 21 14:43
If this is one off I'm actually ok with some some temporary support for them in unprecedented times.

But I'm not bitter dishonest and childish about it, as I'm not a socialist.
By:
Just Checking
When: 20 Sep 21 14:47
The government has already intervened to CAP energy prices, why not intervene with a temporary cross industry subsidy enough to stop them going bust, paid off at an agreed rate over say the next 3 years with slightly higher bills when prices recover.

Lefties suggesting the small companies are fat cats is typical leftie ignorance (there is an infinite supply of that, pity we can't turn stupidity into energy), given these small companies have such tight margins, or are loss making, in the first place.
By:
Cider
When: 20 Sep 21 14:54
They are in effect gambling, JC. It's not the margins as such but they haven't been hedging on the futures, like a robust company would. Hedging costs money but it is required to ensure liquidity and stability. As I mentioned it is regulator failure, as hedging should be a fundamental ingredient to participate in the consumer supplying market.
By:
Just Checking
When: 20 Sep 21 15:03
Cider I kind of agree but the current "perfect storm" is kind of unexpected? Less renewable input, less nuclear, prices shooting up across Europe, inter country transfer shafted through an accident. They've got a decent bit of sympathy from me.

If they'd been totally reckless then fair enough but ALL of them are being screwed by it. How much hedging is possible with this I wonder?

Also given they seem to be able to raise bills at short notice anyway, why aren't they doing more of it. Is the price cap involved? Surely suspend it or raise it a large amount?

If there is a genuine reason for it, and there is, I'd take the increased bills on the chin rather than see them go bust.
By:
Just Checking
When: 20 Sep 21 15:16
"UK gas prices for next month surged 16pc on Monday, after Russia opted to cap additional flows to Europe. 

State-owned Gazprom opted not to flow more gas to Europe via Ukraine in October, according to the results of an auction on Monday.

There were also signs that Russian flows via the key Yamal- Europe pipeline will remain limited, with traders booking just a fraction of the capacity offered to flow gas next month into Germany via the Mallnow compressor station.

The cap on additional Russian supplies is leaving Europe starved for the fuel just as it needs to boost buffer inventories before the winter.

UK prices jumped to 188.10p a therm while benchmark European gas prices - traded in the Netherlands - also surged 16pc to 75.33 euros a megawatt-hour.

With just a few weeks to go before the start of the heating season, storage sites are less than 72pc filled - the lowest level for this time of year in more than a decade."

Might I repeat : Europe wide, not Brexit. Not that the deaf to facts will listen.
By:
Cider
When: 20 Sep 21 15:21
The unknown names attract new customers by undercutting the known names. It's self fulfilling as they will typically only get the price conscious customers locking in a contact, and have the wherewithal to exit the contract or leave at the end. They won't have the lazy/technophobe types paying the standard variable prices to pay for the loss leaders like the big players do. 

Yes the stars have aligned against them but a robust business needs to be insured against that. You can't have a situation, ie no moral hazard where the government will step in with taxpayer cash if their gambles go wrong.

I was an Iresa customer so read up on it at the time. They shouldn't have been sanctioned by the regulator in the first place.
By:
n88uk
When: 20 Sep 21 16:40

Sep 20, 2021 -- 3:16PM, Just Checking wrote:


"UK gas prices for next month surged 16pc on Monday, after Russia opted to cap additional flows to Europe.

By:
n88uk
When: 20 Sep 21 16:40
^Yet prices are more than double much of Europe.

Brexit thickos should have to pick up the slack and pay the extra tbh.
By:
Giuseppe
When: 20 Sep 21 16:58
never forget that the US was trying to stop nord stream, which would make these type of situations even worse
By:
----you-have-to-laugh---
When: 20 Sep 21 17:59
Stacey Stothard followed all the advice. Aware that energy prices were rising, she shopped around to find a decent fixed deal for her gas and electricity.

She saved £300 - or so she thought.

Her new energy supplier went bust and now she will be switched automatically to another one, and she is facing much higher bills, potentially amounting to hundreds of pounds more a year.

"It is just like watching the meter go up and up," she says. "I did the right thing - not going for the cheapest deal, but choosing a company with a decent customer service record.

"I tried to protect myself from this turbulence. Now I've just had to order a lot of logs for the burner."

Customers, like Ms Stothard, of collapsed firms are automatically transferred to another supplier. At present, given the crisis, it is likely that they will go to one of the UK's biggest energy companies.

Their old deal is cancelled. When they are moved, the new supplier comes to an agreement with the regulator Ofgem about which tariff they will be placed on which, in all likelihood at the moment, will be more expensive. That is because the wholesale cost of has soared recently.[BREXIT]

They can switch again to another supplier of their choice to find a better deal, but only after initial the transfer is complete.

Customers like Ms Stothard, who lives in Skipton, are seeing any decent deals disappear, leaving them without much of a choice. Some comparison sites have even suspended their service.






No bailout for people, just a bailout
for reckless companies that over promised
and took their balls home. Keeping
the fat profits from better days.
By:
Cider
When: 20 Sep 21 18:16
"I did the right thing - not going for the cheapest deal, but choosing a company with a decent customer service record.


lol

which one was that exactly.
By:
Cider
When: 20 Sep 21 18:20
Now I've just had to order a lot of logs for the burner.

reads like fekkin jackanory
By:
Just Checking
When: 20 Sep 21 18:37
"^Yet prices are more than double much of Europe.

Brexit thickos should have to pick up the slack and pay the extra tbh."

Dear god. Are you seeing the numbers above and thinking a therm is the same as a MWh? I mean they are both NUMBERS aren't they.

But wait, they aren't. There are 34.12 therms in a MWh. So Uk is paying 1.88 * 34.21 = £64.18 per unit gas. Which is 74.71 Euros. Which means the currently UK traded gas price is cheaper than the EU benchmark price of 75.33 as quoted above.

IT's actually very simple maths. Which apparently Brexit voting "thickos" can do, but the the very smart Remainers like n88uk (who can't even spot the units were different) can't. Odd that.

I'm sure he'll be along later with his evidence that in Europe they pay less than half the current market rate for gas.
By:
Cardinal Scott
When: 20 Sep 21 18:54
"The UK currently has very modest amounts of storage – less than 6% of annual demand. In Germany, France, and Italy, storage covers about 20% of annual demand. So where does all this leave UK gas security?"


Brexi W*nkers helped make this bed & now they can lie in it and enjoy lying in it because they own the bed.
By:
lapsy pa
When: 20 Sep 21 18:56
14th Sept Spain MWh= 177.78 euro, 14th Sept UK= £540 MWh, you can check that,assuming that is correct why is the difference so big?
By:
lapsy pa
When: 20 Sep 21 18:58
source Spain Reuters,source UK FT.
By:
Just Checking
When: 20 Sep 21 19:02
What has this got to do with Brexit? Seriously, the remaintards throw all these insults around and make constant claims about anything they don't like (like this) being due to Brexit, but from any objective point of view, it's quite obvious in which camp the stupidity lies.

Basically in their little brains it clearly goes like this "wah wah I don't like Brexit" -> "Something negative has happened" -> "this must be the fault of Brexit, and shows how stupid Brexit voters are, and how clever I am".

Can any of them above make any rational attept to justify it?
By:
Whisperingdeath
When: 20 Sep 21 19:08
Seriously, the remaintards throw all these insults around and make constant claims about anything they don't like

I love a good dose of hippocracyLaugh

Maybe this joker wants to cancel someone tooShocked
By:
Just Checking
When: 20 Sep 21 19:11
It's not hypocrisy. I fully stand by the position that when dim remainers throw insults like "thickos" and "w*nkers" around as they make no sense whatsoever in their childish rants, it's fair to insult them back. In fact I actively encourage it. Given it's a therefore a consistent position on my part, it's in no way hypocrisy. If you need hypocrisy defined, consult a dictionary. I'm sure Ladybird do one at a primary level.
By:
Cardinal Scott
When: 20 Sep 21 19:16

Sep 20, 2021 -- 7:02PM, Just Checking wrote:


What has this got to do with Brexit? Seriously, the remaintards throw all these insults around and make constant claims about anything they don't like (like this) being due to Brexit, but from any objective point of view, it's quite obvious in which camp the stupidity lies. Basically in their little brains it clearly goes like this "wah wah I don't like Brexit" -> "Something negative has happened" -> "this must be the fault of Brexit, and shows how stupid Brexit voters are, and how clever I am".Can any of them above make any rational attept to justify it?


We left EU and Internal Energy Market you Sycophantic Tory Toady!

By:
Cider
When: 20 Sep 21 19:20
.https://www.irishtimes.com/business/energy-and-resources/energy-bills-why-are-prices-rising-so-dramatically-1.4678716


Energy bills: why are prices rising so dramatically?

Gas supplies are low across Europe with pressure on food chain and power prices
about 8 hours ago
 
What is happening with gas prices?
The wholesale price of natural gas has surged 250 per cent since the start of the year. Last month saw an increase of about 35 per cent. This is feeding through to price rises for business and domestic customers.

Why are prices rising?
The old saw: supply and demand. After a hard winter in 2020, European supplies are lower than they should be – about 16 per cent below the average over the past five years, according to the Financial Times. With winter looming again, concern in the market has pushed prices up.

Is this just a European problem?
No, stocks in the United States are also lower than usual – about 7 per cent below the five-year average – but Europe seems to be affected more than anyone else.

But why did they not simply build up supplies over the year?
There’s a whole range of reasons for that. A number of key gas fields and liquefied natural gas plants have been out of action for maintenance, affecting supply. That has seen supplies from Russia, on which Europe relies heavily, and the North Sea slow.

Demand has also surged as economies emerge from the Covid-19 pandemic. That has been a particular feature in Asia, where industry came back online earlier and which is in the process of transitioning from coal-fired to gas-fired power.

Shortages of other power sources have also seen countries, including Ireland, rely more heavily on gas for power generation. And drought in Brazil and Argentina has seen demand for gas there rise as their hydropower plants falter.
By:
Cider
When: 20 Sep 21 19:22
hmmm irish times not mentioned brexit, how remiss of them!
Page 2 of 7  •  Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | Next
sort by:
Show
per page

Post your reply

Text Format: Table: Smilies:
Forum does not support HTML
Insert Photo
Cancel
‹ back to topics
www.betfair.com