Comments by "Greg Greg" (@SlowhandGreg) on "North Sea oil and gas vote: 'REAL costs of net zero coming to the fore' | Liam Halligan" video.

  1. Energy costs have tripled because of our reliance on GAS, renewable sources were already cheapest on the Grid back in 2019 Switching would reduce costs but then Energy companies wouldn't be able to scalp 140 billion out of the UK market in Excess profits
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  2. Net Zero reduces Energy costs by switching away from GAS Energy costs 2020 to UK consumers 30 Billion Energy costs 2023 to UK consumers 170 Billion I make that 140 Billion reasons to go renewable don't you? That 140 billion comes out of Consumers pockets the estimated cost of net zero implementation is 40 Billion a Year a net saving overall
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  3. Net Zero reduces Energy costs by switching away from GAS Energy costs 2020 to UK consumers 30 Billion Energy costs 2023 to UK consumers 170 Billion I make that 140 Billion reasons to go renewable don't you? That 140 billion comes out of Consumers pockets the estimated cost of net zero implementation is 40 Billion a Year a net saving overall
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  4. see my previous answer from Not the Fossil Lobby Renewable energy has been the cheapest on the grid since 2019 As an example of base cost Dogger Bank wind farm costs 11 billion to build Hinkley point C 33 Billion and Hinkley has 35 billion in running cost subsidies over 35 years Both have comparable outputs. Solar and wind infrastructure costs have fallen by 95% in the last decade @Celtictribes 
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  5. Active price is set by the highest cost to produce on the market which is currently GAS. Peak demand is serviced by On-Standby Gas Power stations we've introduced a Tesla MegaPack facility in East Yorks to bring Grid smoothing to Dogger Bank when it comes online this removes a level of demand for On-Standby GAS. The Tesla MegaPack installations save insane amounts of money compared to cost @nothingtoseehere999 
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  6. Batteries quote The Astonishing Economics of the Tesla Megapack By adding about 300 MW of storage, ERCOT will generate approximately $1 billion in savings in 2025. This is from a one time purchase of Megapacks for $750 million. These savings will also happen each additional year after 2025 - they are recurring! Quote Construction begins on world’s biggest liquid air battery The project near Manchester, UK, will use spare green energy to compress air into a liquid and store it. When demand is higher, the liquid air is released back into a gas, powering a turbine that puts the green energy back into the grid. Quote What Is a ‘Sand Battery’? A “sand battery” is a high temperature thermal energy storage that uses sand or sand-like materials as its storage medium. It stores energy in sand as heat. Its main purpose is to work as a high-power and high-capacity reservoir for excess wind and solar energy. The energy is stored as heat, which can be used to heat homes, or to provide hot steam and high temperature process heat to industries that are often fossil-fuel dependent.  @raytrevor1 
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  7. Hughes has been banging on since the 2010's I just think he's unable to admit he's wrong by 2020 which was the point Wind reached parity with gas. I used to work for GEGB then National Power I'm well aware how grid smoothing works and the demand curve + base loading. When I was there the Peak Plants very rarely fired up if the Con artificial market has them supplying base demand the costs will go off the charts. As a rough guide we need 40% Base Load that can't be wind but currently we have MAX 17% wind and the Minimum seems to be around 10% in the renewable mix is also BioGas and Solar Battery Tech is also making great strides it should replace ALL Peak Plants otherwise the grid isn't configured right. Tidal is now as cost effective as Nuclear with an up front cost for a similar size as Hinkley coming in at 50 Billion with Hinkley's total cost at 75 and a possible lifetime = Dam's of around 70+ years it should also become cheaper the more we build. @iareid8255 
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  8.  @iareid8255  Hughes may have had a point in 2010's he certainly doesn't by 2020 when Gas & Renewable hit price parity. I'm well aware we need 40% base load but we're only at 17% peak on wind and haven't invested squat in storage or the grid to move energy around the country
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  9. Net Zero reduces Energy costs by switching away from GAS Energy costs 2020 to UK consumers 30 Billion Energy costs 2023 to UK consumers 170 Billion I make that 140 Billion reasons to go renewable don't you?
    1
  10. Energy costs have tripled because of our reliance on GAS, renewable sources were already cheapest on the Grid back in 2019 Switching would reduce costs but then Energy companies wouldn't be able to scalp 140 billion out of the UK market in Excess profits
    1
  11. Net Zero reduces Energy costs by switching away from GAS Energy costs 2020 to UK consumers 30 Billion Energy costs 2023 to UK consumers 170 Billion I make that 140 Billion reasons to go renewable don't you? That 140 billion comes out of Consumers pockets the estimated cost of net zero implementation is 40 Billion a Year a net saving overall
    1
  12. That figure is wrong dunno which fossil lobby site you plucked that out of 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 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 @thehairygolfer 
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  13. Yea but my view is renewable is cheaper I've fitted Thermal solar it pays its capital cost in year 8 after that 75% of my hot water is FREE. And that's how net zero stuff works up front capital cost with zero energy input cost @alexedwards6509 
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  14. @alexedwards6509  I have thermal solar its capital cost is paid for by year 8 at which point I have FREE hot water 75% of the time this is the reality of renewable energy If gas prices and inflation keep going south it will be sooner
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  15. Give it a rest we've sent a man to the moon invented the IPhone a renewable Grid is a piece of cake The reason its not happened is the Fossil Lobby spend on energy was 30 billion in 2020 its now 170 billion in 2023 they are literally making 140 billion in excess profits out of the UK economy
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  16. Net Zero reduces Energy costs by switching away from GAS Energy costs 2020 to UK consumers 30 Billion Energy costs 2023 to UK consumers 170 Billion I make that 140 Billion reasons to go renewable don't you?
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  17. 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 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 @kennethslade8468 
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  18. Energy costs have tripled because of our reliance on GAS, renewable sources were already cheapest on the Grid back in 2019 Switching would reduce costs but then Energy companies wouldn't be able to scalp 140 billion out of the UK market in Excess profits Over 10 Years that 140 billion is 1.4 trillion makes switching to a renewable grid look like chicken feed
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