Comments by "Greg Greg" (@SlowhandGreg) on "spiked" channel.

  1. Steel is closing because of brex1t, current UK plans were for Green steel by 2050 that includes Labour Brent crude price needs to be at $65 to break even the price has fluctuated considerably as Oil demand is tailing off and sits at around $75 currently, Saudi are sitting on Oceans of the stuff controlled by OPEC their production costs are $25 Which is why the Cons gave huge tax breaks of tens of billions to the Oil and Gas sector
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  2.  @schrodingerscat1863  70% of steel in the US is already made with Arch furnaces. and Just to point out the cost of Coal has doubled over the last few years (coke being processed coal). So there are multiple reasons why steel manufacture is declining with old plant becoming uneconomic even without the shift away from coal.
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  3. It's just renewable energy is cheaper per unit than Gas and has been since 2020 Last year the Tory government spent 72 billion on subsidies to the energy companies to keep bills down due to the volatility of GAS on the world commodity market
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  4. You get a bit of soggy centrism and your wailing like it's the end of the world. We've just had the worst government in recorded history by every metric and your complaining about Starmer?
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  5. @liberte.3.6.9  statistically the last Tory government were the worst in uk history. The first time on record you've been poorer at the end of the parliament + Record tax rises with the tax base going from 33% to 37% + Trade in physical goods shrinking by - 7% Labours tax rises will see the base go up a single point to 38% for that we get services such as police and health funded
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  6.  @schrodingerscat1863  And why can't ours be if we invest in an up to date grid and renewable energy. A lot of the b1tch1ng about costs are down to the Tories pulling the plug on a lot of investment since 2010. For example we would use less energy to heat our homes if we didn't have the worst insulation standards in Europe.
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  7.  @schrodingerscat1863  I have thermal solar installed due to inflation and the price hikes in gas it will pay for itself in capital cost by next year. At which point 75% of my hot water is Free for the next 19 years of it's expected lifespan. And that's how it works and that's why green energy is cheaper. You have Zero input energy cost. Also if I had a heat pump (which I don't) I could add another water tank as a thermal store and run the heating off the Thermal solar combined with the heat pump to use next to no electricity for heating. So green energy is basically free you have capital costs and due to inflation the payback period gets ever shorter.
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  8. I used to work at the GEGB then National Power you are correct But We no longer have to rely on standby a standby GAS Generator for peak demand They can be replaced with Mass Storage which is unmaned automatic and software controlled. Also using smart software you can do Grid smoothing at a local mesh network level utilizing EV's plugged in for charging purposes and Pull instead of Push.
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  9.  @Gilambesh  Your saying it would cost billions but have you any idea how many billion a year it costs us to run Standby on demand Gas Generators? And battery prices are dropping all the time Quote According to S&P Global Mobility research, the cost of manufacturing sodium-ion cells is about $50/kWh, compared with $70/kWh for Li-ion
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  10.  @Gilambesh  In 2023 the UK government paid the energy companies 72 billion in subsidies as commodity prices peaked. If you thought your bill was bad then it was half what it would have been without intervention. Why Gas wholesale prices and our dependence on it.
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  11.  @Gilambesh  dogger bank cost 11 billion and can provides 5% of domestic energy when fully commissioned. I used to be all in on nuclear but Hinkley has soured me off it completely similar output to dogger 8 years in construction but now delayed 2 years with build cost escalating to 40 billion. Saw an interesting article on a liquid air battery near Manchester, things people come up with. Oh and carbon capture is a complete scam if you want to lock up carbon grow trees and use the wood to build more houses
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  12. It's a result of privatisation and a failed transport policy has nothing to do with NZ
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  13.  @thetruth156real3  I don't know why people listen to Farage and his nonsense given his record and the economic train wreck that is brex1t
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  14. but is always windy
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  15. Our energy market is a private monopoly and should never have been sold off. and The US is increasingly using renewable energy in it's Grid, Texas the oil capital of the US is up to 20% wind
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  16. Capital cost of renewable infrastructure fell by 2% in real terms last year the normal lifespan is estimated at 25 years and It's around light years cheaper to get your final mile at peak demand time from Mass Storage than to get it from Gas standby Generation Station because they store off peak always on energy.
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  17. Because we still rely on Gas and also the way the grid and OffGem structure the energy market You pay a price based on the last mile principal at peak demand time this is provided by Standby Gas Generation. Energy consumption is expressed on a chart is called a duck curve. So you need enough capacity on the Grid to meet the evening peak demand. To fully utilise say wind you need to add Mass Storage to buffer the always on Power to flatten the demand curve and Smart tech to time shift demand to fatten it. Mass storage even using something like a Tesla MegaPack which is pricey pays back it's capital cost in savings in under 2 years by removing the standby Gas Generators which are expensive Hope this helps
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  18. So lets fact check this shall we The cheapest source of energy the on grid is renewables Nuclear is around x 2.5 times more expensive as is Coal Gas varies but at peak time we run so called peak Generating Plant which is gas. During a peak demand period in 2023 the cost of servicing peak demand from these top up stations reached over x 10 times average cost which was x 4 base forward cost of renewables on the grid at that time. Our energy is the most expensive in Europe one of the main reasons is they run more renewables than we do. Back in 2012 Cameron got rid of the bulk of the Green commitment and the energy companies did what we called the dash for gas tying our grid to the international cost of Gas and abandoning a push for Mass storage which is used to support renewables.
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  19. The move to renewable energy is economic, if you want to get into the CO2 debate then that is the pointlessness of carbon capture back in 2020 renewable energy reached price parity with Base Gas generation since then it has become ever cheaper in comparison
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  20. Last year the Tory government spent 72 billion on energy subsidies to keep consumer bills down because of the volatility of GAS on the world commodity markets Renewable energy reached parity with base Gas generation back in 2020 before the energy crisis Governments around the world are looking at ways to disconnect their domestic economies from the Economic Shock of volatile commodity prices they have no control over.
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  21. We have an elected dictator for 5 years,. Why do you think we got sh1t brexit quadrupled migration, Liz Truss, taxes going through the roof then a 180 on renewable energy. You lived through all of that now your crying over a bit of soggy centrism Please spare me the tears
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  22. Currently Nuclear and Coal are per unit x 2.5 greater the cost to the grid of for example Offshore wind on a forward contract basis Last year the Tory government spent 72 billion on energy subsidies due to the international price of Gas to keep domestic consumer prices down.
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  23.  @gregorymalchuk272  Cost of electric is dictated by the final mile cost which is Standby Gas Generation. Also our Base load is still mostly generated by Gas but we do have a decent amount of Nuclear (base load = 40%) Wind accounted for 26% in 2022 If you want to maximise cost savings to utilise always on power such as Wind and Nuclear you need to invest in mass storage to remove Standby Gas Generation.
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  24.  @gregorymalchuk272  You've obviously not seen the price of coal recently. Coal like gas is subject to extraction, processing and transport costs + inflation and is a world traded commodity it's price doubled over the last few years and hasn't gone down.
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  25.  @gregorymalchuk272  Coal isn't cheap anymore and even if you opened the proposed mine there are considerable costs + you need markets + transport links + processing. The US has it's own coal and any exports to the EU will be hit with tariffs given that they have their own coal mines. Your also tying yourself into world traded commodity costs and we know where that story ended up going with major economic Shock all across Europe rampant inflation and our own energy costs quadrupling.
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  26.  @gregorymalchuk272  Our coal is deep mine coal and expensive to extract. Coal mines are shutting down in the US as well due to the fact that Coal Fired Power Stations can't compete on price with new renewable technology which gets cheaper year on year. That isn't a Republican or Democrat thing Coal production and jobs fell by 23% during the Trump era. And Texas is the leading state in wind farm deployment.
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  27.  @ach3144  Lithium is being replaced with Sodium - ION plus other technologies (A Mass Storage site near Manchester is using Liquid Air) Build density is a fraction of that of a power station Shelf life is 25 years and 95% of the components can be recycled and Hydraulic Fracking consumes 100 million gallons of water per well turns it into toxic goop and needs relocating every 2 years with all the devastation it causes below and above ground to the environment. Stop with the fossil lobby BS
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  28. I would add Battery Mass Storage such as Tesla Megapack is software driven and near on Maintenance free bringing huge cost savings in Grid stabalisation. Even if it currently does use Lithium and The US has just discovered the largest Lithium deposits in the world in very high concentrations in solidified volcanic mud.
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  29. @johnboy14  current cost of nuclear has skyrocketed to a point it's build and runnihg costs are uneconomical against tidal and hydro. Did some numbers on hinkley C it's 40 billion to build with 35 years of subsidies at 40 billion, its taken 7 years in construction and its going to be another 2 years before it's commissioned. The equivalent cost of an offshore wind farm is 11 billion, which takes 2 years to build and produces electricity at 1/3 Rd of the cost per unit. For 30 billion, you could eliminate Gas peak standby generation and replace it with mass storage which is the biggest driver of costs on the grid.
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  30. Why would anyone vote for a party whos central policy brexit quadrupled migration, tanked the economy and lead to increased taxation ?
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  31.  @BAR-id4yz  It was the same policy UKIP then Reform were advocating. Leave the EU remove FOM and instigate a VISA system. You don't get to walkaway from a complete sh1tsh0w you created lobbied and got people to vote for. It wasn't me gov honest doesn't work because the policies they advocated for don't work FULL STOP. Experts told you they would increase NOT decrease migration and all we heard was we've had enough of experts. This is just as much Nige's mess as it is the Tories
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  32. New renewable projects do not get subsidised and haven't been since 2019 when they became the cheapest source of energy on the grid Oil and Gas companies haven't paid tax for years last year they got 10 billion in exploration subsidies and have 75 billion to write off against tax built into the system to decommission old Brent field infrastructure
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  33. @liberte.3.6.9  we went from leveling up to Sunak cancelling just about everything infrastructure wise and going backward to more trickle down. Also spending 2 years on Rwanda instead of resolving the energy crisis, which he eventually gave the sector 72 billion in subsidies because free market allegedly and he sat on his arse for 2 years.
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  34. It's cheaper which is why governments are keen to get it up and running
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  35.  @Steve_Green  This comment really depresses me. It shows that the fossil lobby and there enablers in the media and government still have too much power over a false narrative, we are well beyond the One Day by years. Renewable Power per unit cost reached parity with Gas back in 2020 and since then is the cheapest on the Grid. Back in 2018 Tesla switched on a MegaPack facility in Australia. Quote Tesla’s 100MW/129MWh Powerpack project in South Australia provide the same grid services as peaker plants, but cheaper, quicker, and with zero-emissions, through its battery system. The giant battery cost ~$66 million and it reportedly already made up to $17 million during the first ~6 months of operation. It is estimated that Tesla’s giant battery in Australia reduced the grid service cost by 90%. it is estimated that Tesla’s giant battery in Australia reduced the grid service cost by 90%.
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  36. Global Britain was DOA The bulk of people that were persuaded to vote leave did so on keeping out Johhny Foreigner from stealing their jobs and women There not remotely interested in Supply Side deregulation which will bankrupt industry and farmers making their lives even worse
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  37. They are conservative we've had 14 years of failed Thatcherism
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  38.  @sparkyinsertnamehere6673  Cameron was small state low tax Austerity was a political choice Million n miles from Blair/ Brown Your VAT shot up straight away under them corporate tax and CGT went down
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  39. Why would the public been onboard for the complete hellscape of deregulation Supply Side Economics It will remove workers rights open up GB markets to be undercut by cheap low quality foreign imports putting out of business farmers and what little industry we have left, like in the Thatcher era unemployment outside of the City and home counties would soar to 10%+ Unlike the Thatcher era there is no magic money tree to plunder no assets to strip no oil money to use to bribe people with tax cuts and you'll get a lukewarm reception to big bang 2.0 no one wants another banking crisis
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  40. we are moving to renewable energy because it's cheaper offshore wind from Dogger Bank for example has a forward contract price that is well under half that produced by a Coal Power Station. Last year the Tory government subsidised the energy providers to keep consumer costs down by 72 billion because of the volatile price of GAS
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  41.  @audreysuter4315  and how do you know? Have you looked into the economics of a renewable grid or how much adding Mass storage would save consumers?
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  42. Steel closures are down to brex1t our decarbonisation of steel was set at 2050
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  43. Free energy What's not to like Oh It breaks the fossil industries profit model so they pump out propaganda at an industrial rate which plebs like you echo like nodding dogs
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  44. @EnglishTMTB  why are you so anti cheap energy?
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  45. @EnglishTMTB  it works because of batteries, I'm already getting an overnight rate of 13p instead of 24p It always blows somewhere round the uk due to the temperature missmatch between sea and land Nuclear takes 10 years + to build my solar + batteries took a day It's capital payback is < 6 years for me
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  46. @ Wind like Nuclear is always on You need to time shift consumption using storage. Your fundamental problem when arguing against renewables is that Capital costs are still falling as it is a new technology and The input energy into them is free Fossil is always subject to (extraction, processing & transportation costs) x Inflation and Nuclear escalating build costs x inflation. Renewables reached price parity in 2020 and the difference is only going 1 way. Did you know the government spent 72 billion on energy support in 2023, reason were tied to GAS.
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  47. My provider is offering an Ultra low rate for charging overnight, the more renewables you put on the grid the lower the off peak price will become
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  48. and what madness is that? Renewable energy is the cheapest on the grid and the more always on such as wind turbines you put on the grid the cheaper overnight tariffs become for off peak charging
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  49.  @ach3144  incorrect, Fossil is heavily subsidised more so than renewable. Per unit renewable energy became the cheapest on the grid back in 2019. Our issue is grid infrastructure buffering and the lack of mass storage. So basically future investment like everything in this country pot holes anyone?
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  50.  @ach3144  What's your point? I have thermal solar it's capital cost is payed back in a couple of years due in part to high gas prices but also due to inflation. So 6 years in 75% of my hot water will be FREE for the next 19 years of it's expected life. Current cost of renewable energy per unit to the grid is currently less than gas and has been since 2020. Gas has Extraction, processing and transport costs all of which rise over time and with inflation + it is also has an unstable price due to it being a world traded commodity. In terms of cost per unit every other source (Nuclear, Coal) is at least x 2.5 the cost and again linked to inflation
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