Energy crisis

[Scaf]

Does anyone know the OFGEM energy price cap in pence per kwh or in terms of the daily standing charge? Even the OFGEM website only offers an "all in typical number". I don't have typical use so I don't want a typical bloody number. I want to compare the cap in pence per khw to the fixed quotes I'm getting in pence per kwh. Is this deemed too complex for people to understand or something?!

I imagine Geoffcapes is your man, try a PM

 

[Zep]

 

[Tallman]

In other energy crisis news we have just moved to Loadshedding level 4 until Friday 17:00, which means we are shut off from the grid 3 times per day, 2.5 hrs each go, so a total of 7.5 hrs out of 24. Our nuclear power station in Cape Town is off-line plus more unscheduled maintenance (= breakdowns due to bad, no terrible maintenance and a dose of corruption on top). My solar and batteries should carry me through if not too much of it is after sunset but for the masses and the already fragile economy this is a disaster.

at least you in the UK have electricity…

 

[Gazcw]

My supplier went pop and now with Shell. Email yesterday saying I am on 20.4pkwh. Teeriffic!

 

[Gazcw]

In other energy crisis news we have just moved to Loadshedding level 4 until Friday 17:00, which means we are shut off from the grid 3 times per day, 2.5 hrs each go, so a total of 7.5 hrs out of 24. Our nuclear power station in Cape Town is off-line plus more unscheduled maintenance (= breakdowns due to bad, no terrible maintenance and a dose of corruption on top). My solar and batteries should carry me through if not too much of it is after sunset but for the masses and the already fragile economy this is a disaster.

at least you in the UK have electricity…

For now. Until we upset someone else...

 

[Gazcw]

Here's a question that my neighbour was mulling over. We can install nuclear generators in ships and submarines easily enough. Why can't we install those dotted around?
Now I have no idea what power they generate so it may be a non starter, but I guess it is a good point.

 

[Tallman]

For now. Until we upset someone else...

All I can say is it’s good to have a plan B and not being at the electricity company’s whims..same goes with water

 

[CatmanV2]

Here's a question that my neighbour was mulling over. We can install nuclear generators in ships and submarines easily enough. Why can't we install those dotted around?
Now I have no idea what power they generate so it may be a non starter, but I guess it is a good point.

Fukashima!

C

 

[Gazcw]

Fukashima!

C

Same to you ****

 

[Tallman]

Here's a question that my neighbour was mulling over. We can install nuclear generators in ships and submarines easily enough. Why can't we install those dotted around?
Now I have no idea what power they generate so it may be a non starter, but I guess it is a good point.

Safety issues probably are a big issue - for military applications the priorities are different

 

[breezer]

View attachment 92356

Weird, I tried exactly that search string and just got gross numbers!

 

[Gazcw]

Safety issues probably are a big issue - for military applications the priorities are different

Probably right. Mind you if Insulate Britain superglue themselves to one they may get a shock

 

[Tallman]

All I can say is it’s good to have a plan B and not being at the electricity company’s whims..same goes with water

Actually helping them out now that we are connected again

 

[Zep]

Here's a question that my neighbour was mulling over. We can install nuclear generators in ships and submarines easily enough. Why can't we install those dotted around?
Now I have no idea what power they generate so it may be a non starter, but I guess it is a good point.

There is a project being looked at by Rolls Royce to do exactly that.

 

[GeoffCapes]

View attachment 92356

The ironic thing about the price cap is that it is now way below the wholesale price of both gas and electricity. Hence you have energy companies going bust. They can’t sell stuff for less than they buy it for and hope to survive.

When they adjust the price cap next year you should be very afraid.
The wholesale price is circa 23-24p for electricity and 6p for gas. Plus transportation costs.
And prices are expected to continue to rise for some time yet.

Having said that, we still have clients who think that this price increase is unsustainable and prices will fall soon.
One client (a school of all places) the head has decided that prices soon will fall and that they were better off going onto out of contract rates until prices fall (absolute madness!).
Even though I told them out of contract rates for their electricity could be higher than 40p kWh.

I think that decision could cost him his job!

 

[Mr Spoon]

The ironic thing about the price cap is that it is now way below the wholesale price of both gas and electricity. Hence you have energy companies going bust. They can’t sell stuff for less than they buy it for and hope to survive.

When they adjust the price cap next year you should be very afraid.
The wholesale price is circa 23-24p for electricity and 6p for gas. Plus transportation costs.
And prices are expected to continue to rise for some time yet.

Having said that, we still have clients who think that this price increase is unsustainable and prices will fall soon.
One client (a school of all places) the head has decided that prices soon will fall and that they were better off going onto out of contract rates until prices fall (absolute madness!).
Even though I told them out of contract rates for their electricity could be higher than 40p kWh.

I think that decision could cost him his job!

I have a similar scenario in oil. Price fixing doesn't happen as often as it does with other forms of energy, but warning flags are raised when you find those eager to beat the market. Fixing has benefits of knowing what you are paying for energy, in my case oil, and a bonus of that is if you do indeed beat the market.

There are two main issues with this: 1 - when you beat the market and your fix comes to an end, the price jump can be significant. 2. When you don't beat the market, there is an overwhelming urge to winge about it, blame suppliers and or other people.

So your school, and I also supply schools, have some clever d*ck who thinks they know best, then is best to present them with the information like you have and let them go into self destruct mode.

I no longer fight for this type of business

 

[GeoffCapes]

I have a similar scenario in oil. Price fixing doesn't happen as often as it does with other forms of energy, but warning flags are raised when you find those eager to beat the market. Fixing has benefits of knowing what you are paying for energy, in my case oil, and a bonus of that is if you do indeed beat the market.

There are two main issues with this: 1 - when you beat the market and your fix comes to an end, the price jump can be significant. 2. When you don't beat the market, there is an overwhelming urge to winge about it, blame suppliers and or other people.

So your school, and I also supply schools, have some clever d*ck who thinks they know best, then is best to present them with the information like you have and let them go into self destruct mode.

I no longer fight for this type of business

It just makes me laugh when someone who knows very little about the market thinks that prices will fall when 100% of people who work in the industry think prices will continue to rise.

Where he gets his information from I don't know. Probably an unscrupulous broker who is just trying to tie him down to a flex contract that will keep going up in price every month.

I guess you can't help those who don't want to be helped.

 

[allandwf]

Here's a question that my neighbour was mulling over. We can install nuclear generators in ships and submarines easily enough. Why can't we install those dotted around?
Now I have no idea what power they generate so it may be a non starter, but I guess it is a good point.

They just generate heat/steam , still industrial revolution stuff at the end of the day.

 

[Silvercat]

Here's a question that my neighbour was mulling over. We can install nuclear generators in ships and submarines easily enough. Why can't we install those dotted around?
Now I have no idea what power they generate so it may be a non starter, but I guess it is a good point.

Think Rolls Royce and others are already looking at this approach as part of a more regional solution to power generation. So having more but much smaller generators could be the future. But still no one has addressed the elephant in the room..what do you do with the nuclear waste?

 

[TimR]

what do you do with the nuclear waste?

Sell it Rocket Man (aka North Korea )