First Aspect
Guru
I think it's probably reasonable to distinguish between regulation of the price of Weetabix, given that some people prefer shredded wheat or just coffee, versus a commodity no one has any option other to buy.
BRFR Cake Stop 'breaking news' miscellany
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I think it's probably reasonable to distinguish between regulation of the price of Weetabix, given that some people prefer shredded wheat or just coffee, versus a commodity no one has any option other to buy.
Pblakeney
Legendary Member
I think Brian's point is, why is the overall price determined by a small percentage of the composite?
If I have that right then he has a point.
First Aspect
Guru
Indeed. I see no reason why Weetabix should have a price dependent in any way on the coffee harvest.
Pblakeney
Legendary Member
Good that we all agree. The energy market pricing is stupid.
PurplePenguin
Senior Member
Not sure what your reference to Spain is about. A quick google tells me their day ahead market is pay as clear like the rest of the EU.
Anyway, if you are bored you can read about the pricing differences between pay as bid and pay as clear. Essentially you end up with similar pricing, but loads inefficiency as everyone wastes time playing the game.
You could nationalise the entire industry if you wanted to price fix. I just don't know why you would stop there.
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briantrumpet
Timewaster
Well, maybe you'll excuse my confusion...
https://ember-energy.org/latest-ins...etween-gas-and-power-prices-using-renewables/
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briantrumpet
Timewaster
https://news.sky.com/story/ed-milib...ging_media_id=3860517616045627986_63422571676
"Ed Miliband has told Labour MPs he is committed to looking at unhitching electricity prices from gas in a bid to bring down household bills. The energy secretary told a meeting of the Parliamentary Labour Party (PLP) on Monday night that the move would be "complicated but possible", according to sources present."
"Ed Miliband has told Labour MPs he is committed to looking at unhitching electricity prices from gas in a bid to bring down household bills. The energy secretary told a meeting of the Parliamentary Labour Party (PLP) on Monday night that the move would be "complicated but possible", according to sources present."
PurplePenguin
Senior Member
So the same as UK, but more renewables and some hydro.
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briantrumpet
Timewaster
Hmm. Pity that RJS isn't of this parish, but I imagine he'd have a view or two on using the comparison of 1842 buildings to argue against building on a site in central Bristol that was more or less completely obliterated by the Blitz (including all the ones in this graphic) and currently has buildings of zero architectural merit put up in haste to fill the space.
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briantrumpet
Timewaster
Pross
Über Member
My first glimpse of that was that it sounded like Bristol but didn't look right - I walk past there two days a week including yesterday and can confirm it looks nothing like that!
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briantrumpet
Timewaster
I know that Bristol has suffered from both Hitler and bad town planners, but the loss around Castle Green from bombing, and those rows of houses/shops, was extraordinary. I'll see if I can find an old photo of before/after.
First Aspect
Guru
I have to be honest at being confused by PPs insistence that electricity in the UK isn't hitched to the wholesale price of gas, can't be changed without communism, isn't any difference to anywhere else in Europe and is too complex to explain.
Seems out of kilter in some ways to pretty much anyone else.
Seems out of kilter in some ways to pretty much anyone else.
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briantrumpet
Timewaster
Well, can't find a direct comparison, but here's how Adolf left it:
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briantrumpet
Timewaster
I'm sure that PP knows much more about it that I do, but equally I'm not convinced that my naïve bemusement is without reason. I think it's now a case of when and how the decoupling happens, not if.
