Energy Prices

[Captain Turdseye]

Absolute mugs, the lot of you. Rico’s in here almost every day banging on again and again about smart meters. What he’s not saying is that you have to plug them in, therefore using more electricity than you normally would. 

 

 

[Trumo]

16 minutes ago, Captain Turdseye said:

Absolute mugs, the lot of you. Rico’s in here almost every day banging on again and again about smart meters. What he’s not saying is that you have to plug them in, therefore using more electricity than you normally would. 

 

 

 

That's because the smart meter is actually the thing that's connected to the grid.

[Rico1304]

1 hour ago, Captain Turdseye said:

Absolute mugs, the lot of you. Rico’s in here almost every day banging on again and again about smart meters. What he’s not saying is that you have to plug them in, therefore using more electricity than you normally would. 

 

 

Ha. I’ve told you all before, I’ve got literally millions of the fuckers to get on the wall - every little helps. 

[Section_31]

The fuck, they were saying on the radio that wholesale gas prices have fallen a third since it peaked, and Germany have got a surplus?

[Rico1304]

1 minute ago, Section_31 said:

The fuck, they were saying on the radio that wholesale gas prices have fallen a third since it peaked, and Germany have got a surplus?

If you know anywhere in the U.K. to store gas then a lot of people will listen.  

[Harry's Lad]

4 minutes ago, Rico1304 said:

If you know anywhere in the U.K. to store gas then a lot of people will listen.  

Aren't they supposed to be recommissioning Rough?

[Rico1304]

7 minutes ago, Harry's Lad said:

Aren't they supposed to be recommissioning Rough?

I’ve not heard they are but that doesn’t mean they aren’t.  Will take years though.  

[Harry's Lad]

1 hour ago, Rico1304 said:

I’ve not heard they are but that doesn’t mean they aren’t.  Will take years though.  

Willard mentioned it a while back and I've just found this -

 

https://www.energyvoice.com/oilandgas/north-sea/440350/nsta-gives-centrica-green-light-to-reopen-rough-gas-storage-site/

[Rico1304]

7 hours ago, Harry's Lad said:

Willard mentioned it a while back and I've just found this -

 

https://www.energyvoice.com/oilandgas/north-sea/440350/nsta-gives-centrica-green-light-to-reopen-rough-gas-storage-site/

Great news.  Hopefully I’m being pessimist but I’m sure at the time we were told to get back to full capacity would take a looong time.  

[Furmedge]

9 hours ago, Rico1304 said:

If you know anywhere in the U.K. to store gas then a lot of people will listen.  

I've got an empty shed if if helps?

[Rico1304]

Get a smart meter 

 

https://news.sky.com/story/discount-given-to-households-that-cut-peak-time-energy-use-rises-from-52p-to-1633-12725928

[Anubis]

Going to need to increase the cap price per unit. They are clearly in the shit.

 

 

[ZonkoVille77]

1 minute ago, Anubis said:

Going to need to increase the cap price per unit. They are clearly in the shit.

 

 

 

They're just laughing at us all. Politicians with shares in these companies will have no will to point out how wrong this is while people are struggling. There will be no effort made try to make them do their bit for society.

 

[Skidfingers McGonical]

2 hours ago, Anubis said:

Going to need to increase the cap price per unit. They are clearly in the shit.

 

 

Shell paid zero windfall tax in UK despite record global profits | Shell | The Guardian

 

 

[Captain Turdseye]

Who’s pockets does that £9 billion go into @Rico1304?

 

Is it just dividends to shareholders or does it get divvied up in boss’s bonuses?

[Rico1304]

41 minutes ago, Captain Turdseye said:

Who’s pockets does that £9 billion go into @Rico1304?

 

Is it just dividends to shareholders or does it get divvied up in boss’s bonuses?

It’s up to them.  They can pay a dividend (which I think they are) or buy back stock.  Bosses bonuses are likely to be linked to profit so they’ll get paid too.   Lots of the profit is made outside of the U.K. 

[Captain Turdseye]

13 minutes ago, Rico1304 said:

It’s up to them.  They can pay a dividend (which I think they are) or buy back stock.  Bosses bonuses are likely to be linked to profit so they’ll get paid too.   Lots of the profit is made outside of the U.K. 

 

So let’s say for example, and remember I’m thick, there’s £5 billion net profit left at the end of the year, after all the dividends and bonuses have been paid, that money just sits in Shell’s accounts forevermore?

[Rico1304]

1 minute ago, Captain Turdseye said:

 

So let’s say for example, and remember I’m thick, there’s £5 billion net profit left at the end of the year, after all the dividends and bonuses have been paid, that money just sits in Shell’s accounts forevermore?

It could but cash sitting on a balance sheet is very inefficient.  

[Captain Turdseye]

1 minute ago, Rico1304 said:

It could but cash sitting on a balance sheet is very inefficient.  

Carry on. Like I said, I’m thick. 

[Mudface]

36 minutes ago, Rico1304 said:

It could but cash sitting on a balance sheet is very inefficient.  

So best to stick it into an ISA or Premium Bonds?

[Guest]

12 minutes ago, Mudface said:

So best to stick it into an ISA or Premium Bonds?

Someone I used to know is in wealth management. As I understand it he now works high up in HSBC (edit: he’s now at UBS Wealth Management)so these kinds of people will advise where huge sums should be invested. It will be put in places most wouldn’t even consider as it’s a network that’s only available to the super wealthy.

 

https://uk.linkedin.com/in/dean-turner

[Rico1304]

1 hour ago, Rico1304 said:

It could but cash sitting on a balance sheet is very inefficient.  

They’d be better off investing it in projects with a higher return than bank interest rates, or buying back shares from shareholders.  That way future profits are shared amongst fewer investors.  This isn’t really my area of expertise- maybe Mook would know more. 

[dockers_strike]

Fucking heating on tonight. Another 20 quid in the jam jar to pay the fucking astronomical heating bill!

[Rico1304]

7 minutes ago, dockers_strike said:

Fucking heating on tonight. Another 20 quid in the jam jar to pay the fucking astronomical heating bill!

Can you not remember what you post in this thread you complete fucking moron? 

[Strontium]

Still pretty mild here. Still wearing shorts to work. BBC says it's 17°C here at the moment. I wouldn't be thinking of needing the heating on until it hits single figures.