jackynutmeg
Striker
I'm with AVRO and they've gone to the wall.
Energy suppliers going bust
- Thread starter Dave Herbal
- Start date
Billy Fish
Striker
How do you work that one out exactly?
RichD
Striker
I thought everyone knew BJ was thick anyway ?
Joe Public
Striker
They aren’t meant to produce anything. You think that electricity shippers should have their own power plants? What world are you living in?!?
Ciro_DiMarzio
Winger
A one where energy suppliers haven't got a clue what they're doing clearly.
Hulkster
Striker
Because we are in this situation directly as a result of deliberate policies to run down nuclear, prevent fracking and ban using coal for fuel.
Deliberate policies to replace cheap and reliable sources of fuel with giant toys, monolithic towers of concrete and steel which could barely power a toy train set even when they do work, which is only half of the time. A quarter of your bill is already made up of direct subsidies to pay for these useless monstrosities, which have to be backed up with gas from Putin because we won't frack our own, and won't use coal which we can source domestically or from any amount of friendly sources around the world.
Don't worry though I'm sure the government which directly created this mess will have a great plan for sorting it out, and it's not like any dubious benefit from the pain they will make us all go through to reach "net zero" will be cancelled out by China or India in less than 24 hours.
Joe Public
Striker
They haven’t got a clue how to produce energy or generate electricity because that’s not what their role is.
Billy Fish
Striker
Within the next generation new housing stock, government buildings and most commercial buildings will be net zero without needing monstrosities generating for them. They'll be well insulated, have low air permeability, be heated via efficient air or ground source heat pumps and will generate the electricity to power these by PV panels with battery storage.
We're still building nuclear power stations to take up the slack and don't need fossil fuels.
Hulkster
Striker
So imagine having a load of fixed contracts to sell something for say £3 per pop, and the price of buying it in goes up from £2 up to £7.
How do you avoid catastrophic losses in that situation?
You've gone from a £1 profit to a £4 loss for every single sale you make, and you are contracted to keep selling as much as the consumer wants at the loss making price
Ok you can hedge to a certain extent to protect against rising prices, but not when the price rise has been so dramatic.
Even where people aren't on fixed term contracts, suppliers are prevented by law from raising their prices beyond to price cap.
I'm unsure how they can be expected to survive in this situation?
So all we need to do is replace the entire housing stock then?
Simple!
I mean I'm sat in a house that was built only a year ago and it certainly still needs plenty of gas and electric mind you, so there must be some absolutely enormous technological leaps forward just around the corner. And I've no idea where I'm going to fit the heat pump or find the £20k to install it.
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Ciro_DiMarzio
Winger
It's as if the entire industrys model is absolutely shite.d
Joe Public
Striker
A massive heap of shit is what this post is.
Qwerty
Striker
In the land of the blind the one eyed man is king.
bernardbresslaw
Striker
I initiated a switch from Peoples Energy to EON on the 6th September and they were calling me for a week afterwards asking me to stay with them. A couple of days ago I got an email from British Gas saying I was switching to them, it's been a right chew on explaining that I want to say with EON as it's a better deal (they're going up by the day).
Floyd
Winger
We blocked shale gas. We closed coal-fired power stations. We ran down nuclear. We thought we could replace them with playground toys. But now the bill comes in.
We will continue to replace it with renewables. It’ll save us more money than ever before.
Floyd
Winger
It's saving us a lot now...
You’re right, we’d be a lot worse off without them.
Northumberland Rocks
Striker
What a rotten, corrupt system we have created.
Bring utilities back into public ownership and invest all the profits made into the infastructure and keeping bills low.
The tories selling off the countries assets in the 80's was a great idea wasnt it. Tell Sid he is fking idiot.
Bring utilities back into public ownership and invest all the profits made into the infastructure and keeping bills low.
The tories selling off the countries assets in the 80's was a great idea wasnt it. Tell Sid he is fking idiot.
Billy Fish
Striker
An air source heat pump costs around £5-8k and you should make running cost savings of around £1300-1900 a year compared to gas. From 2025 I think it is no new properties will be able to have gas boilers fitted so costs will come down even more then.
You've bought badly if your house is only a year old and costs a fortune to run, even with current building regs it should be heavily insulated and we'll sealed for leakage. We can't turn back time on the old housing stock but as I say the next generation of houses will be entirely different and will achieve net zero or won't be compliant with building regs.
My house is now 35 year old and with the insulation and windows it's now got I'd need to spend about £12-15k on PV and air source heat pump to get it to be net zero carbon and payback would be about ten years. I'm seriously considering it. Chuck a solar car-port on the driveway and a battery pack and that would cover my cars energy usage as well.
It can be done, the technology is there at affordable prices and the payback periods aren't excessive. Pepe just need to open their eyes and more importantly their minds to it. And thankfully as I say the next generation won't have to as it'll all be done for them by default. Wait ten years and see who wants to buy an old house.
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