461–470 of 784 posts
60 years of tories and tory-lites slowly but surely cutting "waste", privatizing, deregulating, pushing for austerity... Let that be a lesson to the US, seeking government efficiency is a non-goal. Good, well-funded public services make productive citizens and a strong economy. Austerity leads to a dead country.
No worries, they're busy speed-running it to its conclusion..
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I often wonder how many people would accept automatic black outs when buying green energy. A process that "happens" here. You can buy for example purely wind powered electricity. But somehow that does not stop being delivered when there is no wind. Instead there would be electric relay connected to mains in your home and when there is less supply than demand you would get blackout. That would be similar comparison to…
Assuming you also get closer to wind generation prices not just overall wholesale prices, it would be really popular. People would install a battery at home the way most of the world installs solar and they’d see massive reductions in electricity bills more than paying for the battery. The UK is absolutely terrible location for solar, and it’s still installed because UK’s electricity prices are so high. That said, wi…
That said with a battery and dynamic prices, there are many days where you can charge a battery when the prices are low and use them battery when the prices are high.
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Assuming you also get closer to wind generation prices not just overall wholesale prices, it would be really popular. People would install a battery at home the way most of the world installs solar and they’d see massive reductions in electricity bills more than paying for the battery. The UK is absolutely terrible location for solar, and it’s still installed because UK’s electricity prices are so high. That said, wi…
There is no reason for anyone with a wind park to sell cheap if there are customers willing to pay a high price. That said with a battery and dynamic prices, there are many days where you can charge a battery when the prices are low and use them battery when the prices are high.
Hedges like this are a useful risk mitigation strategy as going bankrupt is a much larger downside than making slightly more money.
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> Turns out the “ideal market” is a dystopia instead of the intended utopia. Why? This market is pretty much ideal and sets the right incentives. You have little to no information asymmetry, you need to strike a price that clears the market because you must balance production and demand. Why should sellers of renewable energy be forced to sell at their marginal cost when they are selling a commodity where somebody el…
The incentive is to produce 99 Units at £1 and 1 unit at £100 and sell 100 for £10,000, rather than producing 100 Units at £1
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Germany and the Netherlands bled off more than half of London's finance industry since Brexit if you look at recent numbers. They still have a finance industry but powerhouse might be a stretch these days.
Perhaps, but e.g. LSEG had 8B in revenue last year and Euronext had less than 2B. I'd be interested to know about specific numbers you're thinking of, if you can share a link or two.
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> Brexit was the most stupid thing a country ever did to itself From an economic standpoint, brexit was indeed a big L, but I dont think brexiteers were largely voting on economic grounds - a point which is lost on most remainers.
from a non-economic standpoint it was just as stupid, the idea of "taking back control" is predicated on the concept that the UK was forced to accept rules imposed by others and would be free to stop doing that. But the UK had substantial influence on those, and it no longer does, while still having to follow them to be able to do business with the EU. And indeed, the UK has not really diverged from the EU in the las…
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I see a lot of irrational online hate for wind power - even going as far as wanting to dismantle offshore farms. I do wonder who is fermenting this - the obvious place to look here is the fossil fuel industry - they have the means, the motive and a track record of flexible morals. A lot of currently very rich and powerful people lose in a world where most countries and even people can generate most of the power they…
I’m not sure this is a fossil fuel industry thing. I think there are just people who really dislike the appearance of windmills in the landscape. Onshore, it is often better to put windmills on hills where they will be more prominent and so any one windmill can be ‘local’ to many people. Offshore, wind farms may ‘spoil’ a view out to sea, though they are also harder to oppose. P.s. I think you meant to write fomentin…
I have asked hundreds of local people what they think of them over the years, and not one of them have ever said anything about them spoiling the view. The farmers love them as they get subsidies for putting them on their land, and generally people think they are doing a good thing and are happy to tolerate them.
I personally dont think this is an issue with spoiling the view .
This article is severely tilted nonsense with a weird ideological bent. The author sneers against regulatory rules to limit suburban sprawl but really none of that has anything to do with a housing shortage. It is entirely possible to denser and taller buildings, having both compact communities, green space, farms and forest and also addressing housing needs. UK hinders its economy by declining to do so (as do so man…
Yes, but you're not allowed those either.
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> not low for the average person, but not that expensive either I think this is very high for the average person.
But not for someone thinking their £2m house will “lose value” There are a lot of rich people in the U.K.