Comments by "Greg Greg" (@SlowhandGreg) on "Liam Halligan: Very WORRYING signs we'll have another winter of expensive energy!" video.

  1. Any gas extracted isn't ours it belongs to private companies and is sold on the open market. Apart from permanently scarring the landscape fracking requires 100's of millions of gallons of water which it turns into a toxic goop and each well lasts 2/3 years before you move to the next one
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  2. Yea whatever where not paying the mafia don of Russia so get a reality check
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  3. That's wrong I did some calculations a while back Hinkley C is costing 33 billion up front will be 3 years late taking over a decade to build and has 35 billion in subsidies built in over 35 years you could build a Tidal equivalent for 50 billion up front and a wind farm equivalent for 9 billion The wind farm and infrastructure could be built in 3 years (see Dogger Bank Offshore) and produces electricity 3 times cheaper than Hinkley would. A tidal system would last 50+ years at least @voodo0983 
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  4. whatever you do gas prices won't come down best way of dealing with it is to move to renewables in 2021 gas and renewables where on par price wise UK customers paid 30 billion with rising fossil prices that figure is expected to reach 170 billion in 2021 so 140 billion in EXCESS profits
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  5. @James_36  if you freeze the 20% threshold like Sunak has someone on 20k pays £500 extra in tax but so does someone on 50k if you change the rate from 20% to 19% someone on 20k gets +£75 someone on 50k gets £350. If you earn your income from capital gains you pay 20% no matter what no NI nada
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  6. Their debt to GDP has gone down from 132% in 2020 to 121% now borrowing levels are irrelevant, everything is connected to the size of your economy and the ability to pay Ours has gone up from 97% to 100% in the same period
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  7. Quote The OBR concludes: the debt impact of future volatility in gas prices is at 13% of the UK gross domestic product (GDP) to 2050. This dwarfs the debt impact of 6% of GDP for investing in net zero. Second, it investigates the potential of new, growing energy solutions to cushion price volatility.25 Jul 2023 Quote With the energy price cap below £1,300 throughout 2021, UK households spent around £30 billion on energy during the year. In 2023 the projected spend is around £170 billion. This is equivalent to more than doubling the basic rate of income tax from 20% to 45% or almost doubling VAT from 20% to 38%. Just over 6% of GDP.
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  8. You can't argue with the Numbers, renewable energy price wise was on par with gas back in 2019 since the crisis its been by far the cheapest energy source on the grid. the 140 billion in excess profits V 48 billion per year in Renewable infrastructure rollout. at the end of 10 years your not tied to gas or oil world commodity prices and your back to pre crisis price levels @Jack-fs2im 
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  9. The cost of net zero is around 48 billion a year the cost of not going net zero is 140 billion a year. You achieve net zero by a whole host of technologies one is distributed manufacture and storage of energy. ex home solar + an EV using smart technology to use the EV battery for localised grid stability while charging it off peak. Another vital cog is insulation I've just done an extension and refurb to A+ standard heating went off in April still hasn't been needed bar a couple of nights in the TV room this month. that's only coz my mrs I'd quite happily sit in a room at 19 rather than 21  @tecnomagos.l.2684 
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  10. just go net zero and save money its easier Quote The OBR concludes: the debt impact of future volatility in gas prices is at 13% of the UK gross domestic product (GDP) to 2050. This dwarfs the debt impact of 6% of GDP for investing in net zero. Second, it investigates the potential of new, growing energy solutions to cushion price volatility.25 Jul 2023 Quote With the energy price cap below £1,300 throughout 2021, UK households spent around £30 billion on energy during the year. In 2023 the projected spend is around £170 billion. This is equivalent to more than doubling the basic rate of income tax from 20% to 45% or almost doubling VAT from 20% to 38%. Just over 6% of GDP.
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  11. you'll then have to fit air con I'd get insulating if I were you @Jack-fs2im 
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  12. we have real world numbers on energy costs and I have thermal solar it provides 75% of my hot water based on current gas prices it will pay for itself in 7 years and after that hot water is mostly free. Pretty much how the cost of net zero technology works high up front costs covered by capital return over as little now as under 10 years @Jack-fs2im 
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  13. Cost of energy produced from coal is 4 times that of renewables @paulnolan1352 
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  14. we've pumped in over 500 billion in oil subsidies over the life of the Brent fields 42 billion over a decade is not a lot and Renewables hit price parity with gas generation back in 2019 so non of it is now subsidised all wind and solar forward contracts are fully subscribed to
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  15. Net zero conversion will cost 4 trillion over 10 years. Staying as we are so I'll give you the current numbers I have energy spend in 2021 was 30 Billion projected spend in 2023 is 170 billion due to gas price volatility. If you Multiply the Current Excess figure over 10 years that's 14 trillion. The question is do you gamble on not going net zero in the hope that a commodity traded on world markets that you have ZERO price control over will come down enough and remain stable enough in the next 10 years. @andrewcoxhead6451 
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  16. Octopus do a night tariff with V2G capability they use a smart switch to use load off your battery for grid smoothing (saves them buying gas generation) your then getting spare Off Peak energy at knockdown prices
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  17. Quote With the energy price cap below £1,300 throughout 2021, UK households spent around £30 billion on energy during the year. In 2023 the projected spend is around £170 billion. This is equivalent to more than doubling the basic rate of income tax from 20% to 45% or almost doubling VAT from 20% to 38%. Just over 6% of GDP.
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