121–130 of 313 posts
If by renewables you mean lumber from Canada, then sure.
Earlier quoted context omitted.
> So why not refine it in the UK? I already gave the answer in my original post.... UK crude is the wrong type of oil for UK refineries. Almost all UK refineries were built back in the day (late 60's/early 70's), before North Sea, when the UK was mostly importing oil from Libya and elsewhere in that region. All the stuff from Libya and elsewhere is far removed from the viscous, waxy sludge that emerges from the North…
That begs the question why aren't we building refineries that can process our own oil without having to ship it abroad for processing.
I'm on a electricity tariff where the per kWh unit price changes every 30 minutes, you're basically being charged at market rate or thereabouts, the prices for the next 28 hours are announced at 4pm every day. Generally the prices betwen 4pm-7pm are expensive and the rest of the time it's cheaper - although with current world events things have gotten a little spicy lately. On really windy days you definitely get to…
> Britain paying highest electricity prices in the world for second year running > Ed Miliband’s net zero targets are facing fresh scrutiny after Britain was found to be paying the highest electricity prices in the developed world. > New data published on Tuesday showed the price paid by UK industry for power was 63pc higher than in France and 27pc higher than in Germany. > Britain is also the second-most expensive c…
I'm on a electricity tariff where the per kWh unit price changes every 30 minutes, you're basically being charged at market rate or thereabouts, the prices for the next 28 hours are announced at 4pm every day. Generally the prices betwen 4pm-7pm are expensive and the rest of the time it's cheaper - although with current world events things have gotten a little spicy lately. On really windy days you definitely get to…
I'm not sure what the solution is, I know that the price of electricty is dictated by gas so maybe decoupling that will help - but that probably has complications with balancing the grid.
The tariff I'm on (Octopus Agile) suits me as I WFH, have an EV and it's just me living in the house, I can move my usage outside of hte peak periods quite easily and I built a website to help me find the cheapest charging periods for my car based on the prices for the next day. The other day my average unit rate was like 2p per/kWh and I dumped like 30kWh into my car lol
I'm on a electricity tariff where the per kWh unit price changes every 30 minutes, you're basically being charged at market rate or thereabouts, the prices for the next 28 hours are announced at 4pm every day. Generally the prices betwen 4pm-7pm are expensive and the rest of the time it's cheaper - although with current world events things have gotten a little spicy lately. On really windy days you definitely get to…
In California, for example, PG&E will charge you the maximum peak demand prices while simultaneously paying other states to take electricity during the solar duck curve.
Earlier quoted context omitted.
Exactly, and the Tories banned onshore wind, and refused to really invest in offshore wind. We've got the North Sea and its perfect for wind farms we should have had for decades
The current government is banning wind turbines factories and billions of Pounds in investments because "China". It is too easy to blame the previous government(s) when the current one has no strategic thinking or plan, either.
I'm on a electricity tariff where the per kWh unit price changes every 30 minutes, you're basically being charged at market rate or thereabouts, the prices for the next 28 hours are announced at 4pm every day. Generally the prices betwen 4pm-7pm are expensive and the rest of the time it's cheaper - although with current world events things have gotten a little spicy lately. On really windy days you definitely get to…
Why did you choose this plan in place of a fixed price plan?
Fixed price advantage is you use power whenever you want. Your average unit rate is just the price on the tariff. Predictable and safe.
Agile price changes every 30 minutes, so you need to do a little planning. But if you take advantage of the cheap periods you'll generally come out on top. My average unit rate last year was like 16.5p p/kWh whereas the standard tariff was 23-24p, so some nice savings. There's also some risk involved - the price can go up to £1 p/kWh and a few days in winter in 2024 it did that for a short while (around the peak periods) so you have to take on that risk - and obviously being exposed to the world energy markets does mean you get exposure to stuff like wars impacting global markets.
I mean there's nothing stopping you from using lots of power between 4pm-7pm it's just you'll drag that average unit rate up to the point where it's probably not worth it. When I say "use lots of power" I don't mean like I sit in the dark between 4-7pm, it's just I avoid the big ticket power users like ovens, showers, cookers etc