Energy Prices

Thieving bunch of bastards, found a solution to the electric...

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Looks dead to me.

 

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Record profits for energy companies.....there's a suprise guys, didn't see that coming

 

There's actually no shortage of gas and oil into the UK btw. So why the increase in energy prices. Hmmm....

 

You would think there would be a national strike on in protest at these price hikes without justification but no.....silence instead

 

That's brb trying to keep pace with your socks.

 

not sure you understand what the guy has wrote there.

To buy gas for next year (i.e. gas deliveries for 2023) they forecast gas to be around 38p. That's still not paying for the gas you should be paying for right now.

The current gas price at the moment is around 200p. Even then i think the tweet is guff, here is a link to the current energy prices for UK Gas

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5253320

for most retail suppliers, they have a mixture of fixed price gas (gas they have fixed for next at 38p) and gas where they just pay depending what the price is traded at when it comes to delivery (depending on the strategy the company is taking and having a think about it now, probably based on if people have fixed there contract or are on a variable contract).

So gas for this year at the moment is tres expensive and 10x more than what was being paid last year and the year before (think it historically traded at around 25p pre pandemic, around 10p during pandemic and around 30-40p until 2021 where it keeps rising). So it's about 5x the cost of what it was end of 2020 and 8x what it was 2019. You are lucky your energy bills have only doubled.

Gas producers and Gas importers are smashing it though as well as oil companies

 

It's a great example of the world we live in, someone posts one thing someone then posts different info. Everyone picks sides and goes nuts at the opposition.

 

well the guy has posted a tweet.

I've actually posted real data lol.

 

this is literally the historical price for the jun-22 contract i.e. uk gas for the full month of jun-22 for the past 3 years

 

That won't matter.

 

You're wrong, and I can prove it. With a graph. I must silence you.

 

Why is it blue?

 

cause it's a tory site.

just joking, you'll have to ask the ICE exchange where alot of commodity houses/banks/energy suppliers trade and ask why.

here is the link again

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5253320

 

I blame the Germans.

The EU is looking into ways to become independent from Russian gas, but this is likely to be a messy, lengthy divorce.
In the short term, if European nations stop buying Russian gas, they'll need to dramatically reduce their own exports, which the UK relies on.

https://www.theecoexperts.co.uk/blog/reasons-for-uk-gas-price-increase

 

I knew it wouldn't take you long to find this thread mate...it's non political of course.

 

Bobby you saved my thread bro.

 

Chelsea FC sympathy colour