Power cuts by the weekend ?

[blup]

If you want to look at the historical data it's here: https://agsi.gie.eu/data-overview/graphs/GB*

Shortage of storage or commodity games?

Commodity (futures) markets a big part of it

 

[motorbiking]

We do have a falling Pound and this will impact commodity prices.

Someone is responsible for that. Someone scared business with their budget and someone, showed they don't really know what they are supposed to be doing.

 

[blup]

There is absolutely no chance of the average citizen being able to make head or tail of this.

They managed it with brexhit which was far more complex.

 

[JohnD]

The bigger you make it, the more expensive it gets,

Well managed intervention stocks of commodities are not an expense, they are profitable.

You buy the commodity when there is a glut, at low prices

You sell it when there is a shortage, at high prices.

If the stocks are being managed for the benefit of the nation, it is not necessary to sell at extortionate prices, but it is easy to run them at a profit or neutral. Not an expense. The objective is to stabilise prices and ensure a consistent supply.

 

[motorbiking]

Well managed intervention stocks of commodities are not an expense, they are profitable.

You buy the commodity when there is a glut, at low prices

You sell it when there is a shortage, at high prices.

If the stocks are being managed for the benefit of the nation, it is not necessary to sell at extortionate prices, but it is easy to run them at a profit or neutral. Not an expense. The objective is to stabilise prices and ensure a consistent supply.

You seem to be now agreeing that you do not need physical storage to hold reserves to secure smoothness in the market. Of course there is always a risk that those who have agreed future contracts are unable to deliver. Intervention stocks will not help you if the physical resources are stolen by a hostile state. In which case you hedge appropriately in your strategy, both financially and physically.

Even if you nationalised energy trading, "for the good of the people", you'd still be subject to international commodity trading and traders.

Most of the world has privatised Energy supply - the ship has sailed.

 

[JohnD]

You seem to be now agreeing that you do not need physical storage to hold reserves to secure smoothness in the market.

I said no such thing.

 

[motorbiking]

Then you don't understand the subject still.

 

[Notch7]

We do have a falling Pound and this will impact commodity prices

No we dont

Pound v dollar was 1.13 under Tories in 2022
Pound v dollar is currently around 1.22

 

[Notch7]

Most of the world has privatised Energy supply - the ship has sailed

“Most”
“Ship has sailed”

Several European countries have nationalized energy, including Denmark, France, Germany, Norway, and Sweden

 

[Notch7]

Even if you nationalised energy trading, "for the good of the people", you'd still be subject to international commodity trading and traders.

Only if you rely on fossil fuels

Nuclear and renewables not subject to international commodity trading.

Have you heard of EDF in France.

 

[Notch7]

Someone scared business with their budget and someone, showed they don't really know what they are supposed to be doing

Business has flatlined in this country ever since 2010
Zero investment in public services since 2010

We now have 750,000 unable to work because they are on NHS waiting list…….I personally think getting that number down so they can get back to work is a good thing, obviously you dont

 

[motorbiking]

1)

No we dont

Pound v dollar was 1.13 under Tories in 2022
Pound v dollar is currently around 1.22

2)

“Most”
“Ship has sailed”

Several European countries have nationalized energy, including Denmark, France, Germany, Norway, and Sweden

3)

Only if you rely on fossil fuels

Nuclear and renewables not subject to international commodity trading.

Have you heard of EDF in France.

4)

Business has flatlined in this country ever since 2010
Zero investment in public services since 2010

We now have 750,000 unable to work because they are on NHS waiting list…….I personally think getting that number down so they can get back to work is a good thing, obviously you dont

See how easy it is to put all you comments in one post?

1 - The pound is falling against the USD, it will affect the price we pay for imports.
2- Electricity generation and supply is also traded.
3 - Unless they can produce 100% of their own, they need to trade, publicly owned or otherwise. Germany is a great example of leadership having a strategy to decommission all their nuclear power, due to cheap gas from Russia. How's that working out.
4 - Torry bashing waffle.

 

[JohnD]

This is all very interesting. It seems the last government shut down the main gas storage facility for a period of five years from 2017 to 2022. And our gas storage capacity during those years was only three days!

Biker boy is very anxious to gloss over the facts.

Only a small proportion of the storage facility was reopened.

 

[carmanmemoranda]

Is he trying to show we never had energy storage and purchase issues under the previous lot

 

[ReganAndCarter]

Beholden to countries and regimes, the populations of whom you cannot stand you mean?

No, we have oil and gas reserves. We were also leaders in nuclear generation.