BRFR Cake Stop 'breaking news' miscellany

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PurplePenguin

Senior Member
Given your obvious interest/expertise on the subject, plus previous exchanges, do these seem reasonable/workable from your POV? (This isn't an attempted 'gotcha', BTW, as I'm genuinely interested in your informed penguin POV partly because it doesn't align with my naïve POV.)

I think that it is an attempt to please the crowd, but I don't think it makes sense to the remove the carbon tax as that just becomes yet another penalty on renewables (or removal of a benefit), and there have been quite a few of those over the years.

Also, I don't really think the voluntary CFD will save much money nor do I understand how it works. A CFD is a contract for difference i.e. the difference between the market price and the agreed price - a CFD doesn't affect the market price. Perhaps they will come up with a mechanism for this that does work during the consultation. There is then the issue of what price they would offer generators - if it is too high, the government will lose money, if is too low, no one will enter the contract, so the price needs to be pretty consistent with the market i.e. no saving beyond a premium for accepting the market risk. If there is no saving, they haven't really achieved a lot.
 
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briantrumpet

briantrumpet

Timewaster
I think that it is an attempt to please the crowd, but I don't think it makes sense to the remove the carbon tax as that just becomes yet another penalty on renewables (or removal of a benefit), and there have been quite a few of those over the years.

Also, I don't really think the voluntary CFD will save much money nor do I understand how it works. A CFD is a contract for difference i.e. the difference between the market price and the agreed price - a CFD doesn't affect the market price. Perhaps they will come up with a mechanism for this that does work during the consultation. There is then the issue of what price they would offer generators - if it is too high, the government will lose money, if is too low, no one will enter the contract, so the price needs to be pretty consistent with the market i.e. no saving beyond a premium for accepting the market risk. If there is no saving, they haven't really achieved a lot.

OK, thanks PP. I guess that the devil will be in the detail. Did wonder about the carbon tax - I guess a bit of a sop to soften the blow to the non-renewable sector.
 

icowden

Pharaoh
Adaptive cruise control is not a new thing as it was introduced in 1995.
It is quite a wake up call that 1995 is over 30 years ago. 😱

I think the majority of cars didn't have it for quite some time though. It wasn't until somewhere around 2015 until it became a bit more common, and even then only in cars with a very high level of trim. In EVs it is ubiquitous as it is far easier to implement there being no engine or gears.
 

First Aspect

Legendary Member
I think that it is an attempt to please the crowd, but I don't think it makes sense to the remove the carbon tax as that just becomes yet another penalty on renewables (or removal of a benefit), and there have been quite a few of those over the years.

Also, I don't really think the voluntary CFD will save much money nor do I understand how it works. A CFD is a contract for difference i.e. the difference between the market price and the agreed price - a CFD doesn't affect the market price. Perhaps they will come up with a mechanism for this that does work during the consultation. There is then the issue of what price they would offer generators - if it is too high, the government will lose money, if is too low, no one will enter the contract, so the price needs to be pretty consistent with the market i.e. no saving beyond a premium for accepting the market risk. If there is no saving, they haven't really achieved a lot.
Ed Bendytoy has been estimating about £100 a year for the average household. That's about 6%. I won't spend mine all at once.

What's the market price for electricity and why is there only one? That's the point isn't it? And mostly that's based on gas not the cost of generating.

It would be like wheat costs varying depending on the prevailing cost of potatoes. They are both carbohydrate rich and enter the same national food chain. Some years wheat growers make a killing, sometimes not. How can we ever solve the problem without risking that wheat farmers would stop growing wheat, other than for prices to be linked to the wholesale carbohydrate price.

The only reason we think the UK energy market makes sense is because it is what we have.
 

Pblakeney

Legendary Member
I think the majority of cars didn't have it for quite some time though. It wasn't until somewhere around 2015 until it became a bit more common, and even then only in cars with a very high level of trim. In EVs it is ubiquitous as it is far easier to implement there being no engine or gears.

How many EVs were readily available in 2015? 😂
Anyway, point being that you don't need an EV to get adaptive cruise control.
 

PurplePenguin

Senior Member
Ed Bendytoy has been estimating about £100 a year for the average household. That's about 6%. I won't spend mine all at once.

What's the market price for electricity and why is there only one? That's the point isn't it? And mostly that's based on gas not the cost of generating.

It would be like wheat costs varying depending on the prevailing cost of potatoes. They are both carbohydrate rich and enter the same national food chain. Some years wheat growers make a killing, sometimes not. How can we ever solve the problem without risking that wheat farmers would stop growing wheat, other than for prices to be linked to the wholesale carbohydrate price.

The only reason we think the UK energy market makes sense is because it is what we have.

There are multiple markets, but delivery is the same, because it is all one grid. In your case, delivery is different - the weetabix consumer will complain their potatomix is not the same. You don't care when you turn on a light where the power came from.

The UK could nationalise the grid, that's another approach.
 

First Aspect

Legendary Member
There are multiple markets, but delivery is the same, because it is all one grid. In your case, delivery is different - the weetabix consumer will complain their potatomix is not the same. You don't care when you turn on a light where the power came from.

The UK could nationalise the grid, that's another approach.

Any analogy has its limits. It doesn't make them valueless.

The injectable amorphous protein to over inflate supermarket chicken fillets market might work. Doesnt matter if it's dog, cat, turkey, chicken or pig protein, but I bet they have different prices.
 
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briantrumpet

briantrumpet

Timewaster
Sometimes things can move quickly.

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