Prices of the electricity we use to charge
- Thread starter flecc
- Start date
Oil prices fall 2% in choppy trade as banking fears rattle markets
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www.reuters.com
Oil prices fall 2% in choppy trade as banking fears rattle markets
Oil prices fell over 2% in volatile trading on Monday as the collapse of Silicon Valley Bank roiled equities markets and raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support.
www.reuters.com
Oil prices fall 2% in choppy trade as banking fears rattle markets
Oil prices fall 2% in choppy trade as banking fears rattle markets
Oil prices fell over 2% in volatile trading on Monday as the collapse of Silicon Valley Bank roiled equities markets and raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support.
Rishi Sunak has electricity grid upgraded to heat his private pool
PM will pick up cost of upgrade work in North Yorkshire, and no suggestion he received preferential treatment
www.theguardian.com
"climate crisis",
"turn up the thermostat Jeeves" says Richie Rishi
Same for me, but with the switch from Bulb to Octopus it results in a slight reduction overall.
Looks like all prices will drop in July though. They'll need to if this country is going to avoid French style riots next winter.
.
It's been proven that it was a bomb that caused tragedy.Hydrogen does have its problems
The video posited the known leak of explosive hydrogen and electrical charge in storm. Approach an earthed steel mooring gantry, spark, bang!
Were the Brit, French & US hydrogen airships also sabotaged?
"Dozens of hydrogen airships exploded or burned in the years before before the Hindenburg disaster finally convinced the world that hydrogen is not an acceptable lifting-gas for airships carrying people."
Hydrogen Airship Disasters | Airships.net
Dozens of hydrogen airships exploded or burned in the years before before the Hindenburg disaster finally convinced the world that hydrogen is not an acceptable...
www.airships.net
Robert Peston is getting wiser in his old age or perhaps the fact the jackboot of his former employer is off his neck.
Some short sellers overseas are holding a belief that some "whale" is rigging energy prices globally, it may translate to; get prices as low a possible, buy en masse and sell at an extreme profit when demand returns. The next few periods may provide some relief to UK consumers, but me, I feel, in the long run things are going to get much worse.
I think the opposite is going to happen. Energy is fundamentally cheap in the long term. Already the cost of generating electricity by solar and wind is only a tenth of what EDF/British Gas/Scottish Power etc are charging. I pay currently 39p+VAT for 1kWH before government relief. Over the next couple of decades, solar is going to be even much cheaper than current price. You are looking at maybe 1p-2p a kWH. The rest is tax and profit.
In the following 100 years, small sized Generation 4, 5, 6 molten salt nuclear reactors (smaller than a 40ft container) will reduce the cost of generating electricity even further while burning the bulk of previous nuclear waste. Beyond, there will be fusion reactors.
“Too Cheap to Meter” Nuclear Power Revisited
After 50 years of operation, nuclear electric generation is still having teething pains
spectrum.ieee.org
Can I sell you a unicorn?
Deutsche Bank shares slide after sudden spike in the cost of insuring against its default
Deutsche Bank shares slide after sudden spike in the cost of insuring against its default
Deutsche Bank shares fell on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe's banks persisted.
www.cnbc.com
The run on Deutsche Bank does not surprise me. All the banks, big and small, are hit by rapidly increasing lending rates. The bigger the bank, the bigger the loss on their sovereign bonds. They bought them when interest rate was low, now the rate on their borrowing is higher than what the premium on their sovereign bonds bring, so they chalk up very big losses. As the loss on bonds is paper loss, they don't have to show it on their balance sheets, hence the suspicion that they intentionally hide huge losses. Fear and the vultures move in. If central banks have any sense, they should reverse the recent rate increases. They do more harm to the economy than inflation.
Eyewitness accounts of the colour of the initial explosion. A totally different colour to what Hydrogen burns. But it's nasty stuff.
Fundamentally, I don't disagree with your conclusion, yes energy does get much cheaper, however will that translate to lower end user prices...
In a couple of decades, third world countries would soon be able to buy small and cheap nuclear reactors, demand for fossil fuels will crash. So yes, I think electricity price will come down. However, energy price has been a tax tool for a very long time. Just look at how much taxes we pay on petrol. A barrel of crude oil costs £60. Refineries get 193 L equivalent of petrol in products out of one of them. So the material cost of your petrol is 31p per litre, yet we pay 150p or more. Still, we pay comparatively less tax on petrol than on electricity. My guess we can buy petrol at many places while we have to contract with a single electricity company.
There ought to be cooperative or not for profit electricity suppliers.
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