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Gas price rises.

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Replies: 256
By:
Giuseppe
When: 21 Sep 21 20:47
in CAP Britush farmers were secure and there was plenty of food in the single market

now British farmers may face more comepition and supply routes from NZ etc are less secure
By:
macarony
When: 21 Sep 21 20:51
If you go back to before we entered the common market the opposite was true and food was a lot cheaper, from what I am told the best subs for farmers today are the enviromental ones, one farmer I know is getting 175 Gs a year not use fertilizer and not to mow his fields before June
By:
----you-have-to-laugh---
When: 21 Sep 21 20:55
Too fiddly putting the gloves on em...
By:
----you-have-to-laugh---
When: 22 Sep 21 19:17
Avro Energy and Green have collapsed, becoming the latest firms to be brought down by the sharp rise in gas prices.

Combined with other recent failures, it means 1.5 million people are now facing a switch to a new, more expensive firm.
By:
macarony
When: 22 Sep 21 19:21
Just like the Royal mail should never been flogged off in the  first place
By:
nineteen points
When: 22 Sep 21 19:27
Some seem to be seeing the big picture,some still clueless.

Big money men put the bufoon in,he wrecks the country,all business goes to the wall,big lads hoover up at rock bottom prices,wages,conditions etc, as the NHS is chiselled bit by bit to the yanks.
By:
macarony
When: 22 Sep 21 19:43
These services were sold off long before Johnson the big changes that impacted the post office came in under labour
By:
edy
When: 22 Sep 21 19:52

Sep 21, 2021 -- 8:32PM, Giuseppe wrote:


one issue i keep hearing in all these reports is that the UK has very little storage capacity


That's what I just read too. Apparently Germany is saving/storing 20% of its yearly needed gas for the tough times, the UK a fourth of that. Apparently gave up a storage facility in 2017 and in 2018 decided against building up new storage capacity. Relying on well-working supply from abroad instead.

Probably would have worked out just fine without Brexit and covid happening at about the same time. Unlucky.

By:
Cider
When: 22 Sep 21 19:58
In Germany, Europe’s largest economy, Verivox 32, a price comparison website, said regional gas providers had announced price increases of 12.6 per cent on average for September and October. That would lead to additional costs for heating a one-family house of €188 a year.

hmmm
By:
Giuseppe
When: 22 Sep 21 19:58
is brexit a factor in this or not?

i keep hearing conflicting reports
By:
Cider
When: 22 Sep 21 19:59
Surging gas and electricity costs are forcing European governments to discuss billions of euros in aid for households and stricken suppliers, as concern mounts over a deepening winter energy crisis.

EU energy ministers will meet this week to discuss national responses to a surge in wholesale gas prices, amid concern that they will jeopardise Europe’s post-pandemic economic recovery and undermine Brussels’ plans for ambitious but costly green reforms.

Italy is expected this week to unveil a multibillion-euro support package for households. A source at the Italian finance ministry with direct knowledge said “a plausible amount to tackle the issue [of soaring energy costs] could reach up to €4.5bn”.
By:
Cider
When: 22 Sep 21 20:00
hmmm
By:
Giuseppe
When: 22 Sep 21 20:02
yes it is a problem in Europe too, but isn't it worse in the UK?
By:
edy
When: 22 Sep 21 20:07

Sep 22, 2021 -- 7:58PM, Giuseppe wrote:


is brexit a factor in this or not?i keep hearing conflicting reports


Well, there's the big energy market that buffers it a lot on the continent. Prices are rising on the continent, but what the UK has seen has been in a league of its own.

By:
edy
When: 22 Sep 21 20:09
Unfortunate circumstances coming together. Choosing a version of Brexit that meant leaving the big energy market was one of them. A decision that maybe will turn out to be wise long-term, but here it was detrimental.
By:
Cider
When: 22 Sep 21 20:10
'worse' covers a few things. the low ball suppliers going bust is nothing new. Consumers are protected. It's not a big deal. I was with a supplier that went bust once, it's no different to switching and the customers of these gambling type suppliers will be used to switching.

obviously you're in the hands of god in regard to how much domestic demand for gas there will be. it's particularly mild at the moment, so hardly anyone will be using gas. most people overpay during summer so will be in credit with their supplier. who knows, maybe people will go back to the office to save money from needing to heat their homes Grin
By:
Just Checking
When: 22 Sep 21 20:16
So the remoaners are STILL on with the complete fiction that the energy price rise in the UK is due to Brexit, and crap about leaving an EU energy market, when no actual commentator is saying this. They are so delusional. STOP LYING.
By:
edy
When: 22 Sep 21 20:17

Sep 22, 2021 -- 8:16PM, Just Checking wrote:


So the remoaners are STILL on with the complete fiction that the energy price rise in the UK is due to Brexit, and crap about leaving an EU energy market, when no actual commentator is saying this. They are so delusional. STOP LYING.


https://www.zeit.de/wirtschaft/2021-09/gaspreis-grossbritannien-energiekrise-kohlendioxid-brexit

.

By:
edy
When: 22 Sep 21 20:18
Please refrain from lying about no actual commentator saying that Brexit is playing a role, Just Checking.
By:
Cider
When: 22 Sep 21 20:19
edy reaching for the witchcraft now
By:
----you-have-to-laugh---
When: 22 Sep 21 20:19
Having a Russian roulette system
in place didn't help.


Not like they might have learnt
from banks buying cheap money to
lend to customers

Now its chancers buying cheap energy.


Banks went pop when cheap
money dried up

Energy companies going pop
when cheap gas dried up.


Cheap gas drying up in part
due to brexit
By:
edy
When: 22 Sep 21 20:23
Not sure why you are so hell-bent on lying to yourselves and others that Brexit didn't play a role. It's ok, you will be forgiven. It was also just an unfortunate turn of events that made that energy market decision come together with covid.

Brexit without covid = no problem
covid without Brexit = problem, but not as big
covid and brexit/leaving energy market = big problem.

Happens...couldn't have been foreseen.
By:
Cider
When: 22 Sep 21 20:24
we can agree that the regulation is awful. the business model for the low ballers is essentially a ponzi. they get customers to load up their accounts in advance, and use that to pay for fuel supplied to current customers. it's similar to banking in that way as your deposits/cash on account is not ring fenced. you're personally covered, won't lose but someone does. if there isn't enough cash on accounts to pay for current customers, pop.
By:
Cider
When: 22 Sep 21 20:27
I was with Ovo at one time and they were paying 3% interest on cash on account, higher than any bank account. Of course that encouraged people to overpay if they could. I have no idea how they afforded that model.
By:
----you-have-to-laugh---
When: 22 Sep 21 20:30
It could be forseen, to some extent

Which is why many in uk refused
to sign up with small companies
in fear of hitting a big cost
rise if supplier went bust at
same time as a shortage that
forced up price.

Some comparison sites had search
function without little companies
to save time.


If you signed up for green in
summer you turned down a british
gas deal far better than the
one you will now get, or from
whichever company you end up with.

Government say energy cap is 12%
But that will not apply to these
folk, their rise is likely
well over 12%.

Most will be folk that took the
time to find themselves a good
deal.
By:
Just Checking
When: 22 Sep 21 20:30
LOL Edy. So lets assume this mystical energy market crap would have saved the UK from price rises. A very major connector from England to France is broken until March due to a fire. 2GW capacity shut apparently, prices shot up.

https://www.reuters.com/world/uk/britains-national-grid-says-fire-ifa1-interconnector-site-2021-09-15/

Was that price rise due to the connector fire or the EU market gouging UK? Please explain to us.

How will you bend the laws of physics to have gotten this "cheap" energy to the UK? Do remoaners now have power over the laws of physics when it comes to their Brexit tantrums?

According to the National Grid, in 2019 the sum total of energy from all interconnectors was a mere 8% of UK energy requirements.

All the commentators I see list over and over:
Huge widespread rise in gas prices with the UK relying on Gas, with fingers pointed at world markets and Putin playing games.
Oil rigs down for maintenance.
Interconnector down.
Less wind blowing than expected.
Lack of long term storage making fluctuations more brutal.

Brexit? Bullsh1t.
By:
----you-have-to-laugh---
When: 22 Sep 21 20:31
Or what looked like a good deal
at the time.
By:
edy
When: 22 Sep 21 20:37
Just Checking, would you please apologise for your lie that no actual commentator is saying Brexit is playing a role?
By:
1st time poster
When: 22 Sep 21 20:38
its brexit related in as far as johnson/tory brexiteers promised people cheaper food bills,nore choice and cheaper utility bills and their on the record facts, vat cuts on food,clothes ,utility bills etc etc
By:
macarony
When: 22 Sep 21 20:42
The problem as I see was becoming partially reliant on imported gas when we always had the capability to be self sufficient and still do.
By:
edy
When: 22 Sep 21 20:46
Furthermore, Just Checking, please refrain from putting up straw men by making it sound like I was arguing staying in the EU/common energy market would have saved the UK from price rises altogether.
By:
Just Checking
When: 22 Sep 21 20:46
So I'm supposed to take someone writing for a German media outlet to tell a willing German audience that Brexit is bad and Britain is is stupid as "serious commentary"? Get over yourself.
By:
edy
When: 22 Sep 21 20:48
I am sorry if one of the most respected German paper does not suffice. I should have known your critera for "actual commentator" is someone who only tells you the things you want to hear.
By:
edy
When: 22 Sep 21 20:49
Please also refrain from lying about the German media outlet telling a willing German audience that Brexit is bad and Britain is stupid. That is not what the article and its author seek to do.
By:
----you-have-to-laugh---
When: 22 Sep 21 20:51
As Mark Haller writes for West England Bylines, the UK has elected to remain outside the EU Internal Energy Market, even though a considerable amount of the country’s energy needs are met by Europe. As a result, the UK has lost significant control over prices, losing the ability to participate in the energy auctions that determine the cost of fuel.

There are undoubtedly a range of global factors, beyond Brexit that have contributed to the rising prices, namely: high demand for liquefied natural gas from Asia, low winds causing less renewable energy to be generated, outages at some nuclear power stations, and Russia’s decision to restrict energy exports.

However, these factors do not change the basic fact that Brexit has accentuated the problem.

https://bylinetimes.com/2021/09/20/the-brexit-tax-how-boris-johnson-broke-his-promise-on-energy-prices/

..
By:
macarony
When: 22 Sep 21 21:05
Norway and Russia are not in the EU. I hope that this comes as wake up call and we start getting serious about investing in British gas production. Every penny spent on imported gas is a penny lost to our economy and when you look at how much we spend on imported gas and oil thats a lot of dead money
By:
Giuseppe
When: 22 Sep 21 22:01
Norway is a member of the EU in all but name, might even be a part of the internal gas market
By:
casemoney
When: 23 Sep 21 00:47
Gas prices are rising all across Europe, but Britain has also been affected by lower winds than usual - denting renewable energy supplies - as well as a recent fire at a National Grid site in Kent.
By:
----you-have-to-laugh---
When: 29 Sep 21 17:36
Three more energy suppliers have gone bust amid the surge in wholesale gas prices, the regulator Ofgem has said.

Enstroga, Igloo Energy and Symbio Energy said they would stop trading on Wednesday.

The trio are the latest companies to go under as soaring gas prices have made price promises by suppliers to customers undeliverable.

Together, the suppliers represent less than 1% of the UK market with a total of about 233,000 customers, Ofgem said.

Enstroga supplies gas and electricity to about 6,000 domestic customers, while Igloo has about 179,000. Symbio Energy has roughly 48,000 in the UK and a small number overseas
By:
1st time poster
When: 29 Sep 21 17:38
IGLOO wellnamed without the taxpayer  you,d be going fooooking cold
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