Onshore Wind Generation costs now at 3.3 cent per kw/h or less.

[albion]

More data, though the 'successive goevernments' is problematic in that Nick Clegg fought for onshore wind.
https://www.theguardian.com/comment...ossil-fuel-profits-insulation-fracking-crisis
'Successive governments have also ignored the benefits of cheap renewable energy. It is not news that wind and solar power are cheap. This was already the case in 2015, when David Cameron’s government banned new onshore wind farms and pulled the rug from underneath the solar industry. In absolute terms, the cost of solar has fallen by 88% since 2010 and onshore wind has fallen 57%, despite both being intentionally frozen out of new deployment. In relative terms, the numbers are now staggering: building a new solar or windfarm is now nine times cheaper than just running an existing gas power station.'.......
'Borrowing £150bn just to cap energy bills at already historic levels – with most of it going to oil and gas producers – is just the start of the pain'

 

[albion]

Fantastic news says Mails Money. It says the current price of €0.20 per kw/h of gas 'might' be slashed to €0.10 by next spring.
https://www.thisismoney.co.uk/money...rice-set-slash-PM-Liz-Truss-bailout-bill.html

Wasn't it once a tenth of that 20 cents?

 

[MrGrumpy]

Either way if true that brings in some welcome relief I would hope . However the only real winners or the energy companies

 

[albion]

I am a bit dubious on this but the headline says Hydrogen can now be cheaper than diesel.
https://www.euronews.com/next/2022/09/18/autos-loopenergy-hydrogen

 

[albion]

https://www.bbc.co.uk/news/uk-scotland-scotland-business-62967209.amp

6 turbines going up in Scotland, each powering 6,500 homes. The interesting aspect here is that Scotland allows large turbines, England limiting the size for the few that do get allowed.
The way the whole system works is that the company makes a killing, so that 3p per kw/h cost is to their benefit, not ours.

 

[BoldonLad]

https://www.bbc.co.uk/news/uk-scotland-scotland-business-62967209.amp

6 turbines going up in Scotland, each powering 6,500 homes. The interesting aspect here is that Scotland allows large turbines, England limiting the size for the few that do get allowed.
The way the whole system works is that the company makes a killing, so that 3p per kw/h cost is to their benefit, not ours.

I thought I recognised that Company name (Banks Renewables), they are in my neck of the woods.

 

[Milkfloat]

The whole market is just incredibly weird - offshore costs 3.3p per kWh, we are capped at about 28p, which was about to go to 52p, but will now be 36p and I am paid 15p for what I generate. On top of this our government has banned the cheapest and fastest way to get energy security AND greatly reduce prices. The whole thing is bonkers.

 

[albion]

I thought I recognised that Company name (Banks Renewables), they are in my neck of the woods.

Far more in the news for their infamous coal mining endeavours.

 

[BoldonLad]

Far more in the news for their infamous coal mining endeavours.

Indeed. Some of that around here too.

 

[mjr]

But Truss says it's good for us to pay more for energy because it means security from Putin. https://www.thenational.wales/news/...lls-price-worth-paying-long-term-uk-security/

There's so much wrong with that, including that it ignores the high energy company profit windfalls and the disconnects between high prices and security.

But most of all, it sucks to announce it's good to pay more, so soon after moving into notoriously lavish taxpayer-funded official residences and presumably paying almost no units on her own homes for the forseeable.

 

[albion]

https://www.hulldailymail.co.uk/new...-news/plug-being-pulled-uks-first-7582476.amp
The first bit of outrage over the absurdity of it.
https://www.hulldailymail.co.uk/new...-news/plug-being-pulled-uks-first-7582476.amp

Reach is interesting, it being the biggest local news. It seems to have a direct link to government in that, almost daily, there is something about the DWP, which seems likely to have been written by the DWP themselves.

 

[albion]

https://amp.theguardian.com/environ...ont-work-uk-founder-chris-cornelius-cuadrilla

Experts declaring what many of us had already discovered.
Maybe Truss has plans to rent part of Texas.

 

[BoldonLad]

https://amp.theguardian.com/environ...ont-work-uk-founder-chris-cornelius-cuadrilla

Experts declaring what many of us had already discovered.
Maybe Truss has plans to rent part of Texas.

I know Truss is thought to be thick, but...

1. Fracking is unpopular and resumption will no doubt lead to criticism of which ever Government re-introduces it, will be widely criticised

2. The "expert" says it will not work (in UK), and, will not have a significant impact on Energy prices

So, lots of potential criticism, for little or no return?

The obvious question to me is "why do it".

 

[Mugshot]

I know Truss is thought to be thick, but...

1. Fracking is unpopular and resumption will no doubt lead to criticism of which ever Government re-introduces it, will be widely criticised

2. The "expert" says it will not work (in UK), and, will not have a significant impact on Energy prices

So, lots of potential criticism, for little or no return?

The obvious question to me is "why do it".

Follow the money.

 

[BoldonLad]

Follow the money.

Could be, so, investing in Companies supplying the equipment for Fracking is the thing to do, rather than in the Fracking Companies themselves.