Sadly the government will probably look at this and say if whole sale prices are falling then the tax they can take from electricity is falling so they’ll whack up the VAT and PSO next budget to ensure we can not only have the most expensive electricity in Europe but also the most expensive bike sheds.
royalmarine on
They need to introduce bands for consumption which dictate price.
Under 5MW yearly (15c per kw)
Under 10MW yearly (20c per kw)
Etc
Regular people should not shoulder the brunt of these costs compared to the larger consumers.
5555555555558653 on
Treasure island.
LegalEagle1992 on
In come the usual suspects to do mental gymnastics to justify the consumer getting shafted.
Actual domestic prices are heavily hedged in 18/12/6 month chunks, which is why you didn’t see a 21% reduction in your domestic bill in December, and you won’t see a 40% increase in your gas bill or a 20% increase in your electricity bill in January.
TL;DR : every article posted here about spot wholesale pricing is ragebait.
ShouldHaveGoneToUCC on
Solar panels have been a lifesaver for us given recent electricity prices.
I took out a credit union loan for them, and at the rate it’s going, it’ll have paid for itself in 4 years, and has a lifespan of around 30 years.
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7 Kommentare
We will not see the benefits of this.
Sadly the government will probably look at this and say if whole sale prices are falling then the tax they can take from electricity is falling so they’ll whack up the VAT and PSO next budget to ensure we can not only have the most expensive electricity in Europe but also the most expensive bike sheds.
They need to introduce bands for consumption which dictate price.
Under 5MW yearly (15c per kw)
Under 10MW yearly (20c per kw)
Etc
Regular people should not shoulder the brunt of these costs compared to the larger consumers.
Treasure island.
In come the usual suspects to do mental gymnastics to justify the consumer getting shafted.
And then European gas prices [went up 40% in January](https://www.ice.com/products/27996665/Dutch-TTF-Natural-Gas-Futures/data?marketId=6117262&span=1), and just under 50% of our electricity is from gas.
Actual domestic prices are heavily hedged in 18/12/6 month chunks, which is why you didn’t see a 21% reduction in your domestic bill in December, and you won’t see a 40% increase in your gas bill or a 20% increase in your electricity bill in January.
TL;DR : every article posted here about spot wholesale pricing is ragebait.
Solar panels have been a lifesaver for us given recent electricity prices.
I took out a credit union loan for them, and at the rate it’s going, it’ll have paid for itself in 4 years, and has a lifespan of around 30 years.