This is getting ridiculous (energy prices - Strictly NO referrals!)

[Blackjack Davy]

Local news is reporting a notable rise in break ins and robberies on pubs and other eateries and the reason and what they're after is... cooking oil. Whether used or fresh to sell on as biodiesel/biofuel. Think I've just about heard it all now.

 

[Rroff]

Local news is reporting a notable rise in break ins and robberies on pubs and other eateries and the reason and what they're after is... cooking oil. Whether used or fresh to sell on as biodiesel/biofuel. Think I've just about heard it all now.

Surprised we've not had more attempts to steal fuel from cars around here, at least so far - but few cases of people thinking they can get away with sneaking a bit on the company fuel card (they never do get away with it) and stuff like that.

 

[adam cool dude]

Surprised we've not had more attempts to steal fuel from cars around here, at least so far - but few cases of people thinking they can get away with sneaking a bit on the company fuel card (they never do get away with it) and stuff like that.

There was someone at our place who got sacked because he was meeting his dad down the road in his lorry and syphoning fuel into Jerry cans. The plonker got caught because he did it in a layby in pure daylight and got caught by a company lorry. What a numpty.

 

[200sols]

The resignation letter from Sunak doesn't sound very promising. The toxicity around Boris is the main factor but also seems to be fundamental disagreement in how to support the economy.

https://www.bbc.co.uk/news/live/uk-politics-62048657

Well Rishi is an austerity and balance the books chancellor and Boris probably wants to open the taps to bribe the public.

 

[200sols]

Some joyous reading for you.

Particularly how this govt has done **** all to help.

European nations have replenished much of their gas storage facilities with the International Energy Agency reporting Tuesday the European Union experienced a strong storage build-up during the second quarter of 2022.

But the UK's only major storage facility, owned by Centrica, was shut in 2017 leaving the country particularly exposed.

Centrica shut the facility saying the government refused to continue subsidising what amounts to a strategic reserve.

Worryingly from a UK context the government has done little to address the growing crisis with the political classes of Westminster putting their full focus and energies on the future of Prime Minister Boris Johnson.

 

[danlightbulb]

Well Rishi is an austerity and balance the books chancellor and Boris probably wants to open the taps to bribe the public.

Which will work at least temporarily because people need the money right now.

 

[alec]

austerity and balance the books

Isn't national debt getting close to 100% of GDP? Thats not the kind of balance we should seek

Debt as GDP UK 2022 | Statista

Public sector net debt amounted to 94.9 percent of gross domestic product in the United Kingdom as og January 2022, the highest it has been since the early 1960s.

www.statista.com

By itself it is nothing, but coupled with increased interest rates... I'm not sure the budget "can withstand rates up to 5%"

 

[MadMossy]

Wasn't the purpose of austerity back in 2010 the entire reason for Camerons cutbacks to reduce gdp, instead it's increased 50%.

 

[danlightbulb]

Wasn't the purpose of austerity back in 2010 the entire reason for Camerons cutbacks to reduce gdp, instead it's increased 50%.

I may be wrong but I think things were strong pre-Covid. Covid borrowing has really screwed things up and now the Ukraine issue. Shouldn't have given away so much free money in Covid that was the crux of it.

 

[fez]

Wasn't the purpose of austerity back in 2010 the entire reason for Camerons cutbacks to reduce gdp, instead it's increased 50%.

That seems like a good thing no?

 

[MadMossy]

GBP debt has gone from 35% to 95% since the 2008 crash, that can't possibly be a good thing.

 

[413x]

GBP debt has gone from 35% to 95% since the 2008 crash, that can't possibly be a good thing.

Think that shows we are heading for a rough time. Pigeons always come home to roost.

A fair few of those were "good" years too

 

[the shadow]

Who Can Apply - British Gas Energy Trust

We can offer grants and schemes that are open to anyone - you don't have to be a British Gas energy customer. Applications are prioritised based on need.

britishgasenergytrust.org.uk

 

[200sols]

GBP debt has gone from 35% to 95% since the 2008 crash, that can't possibly be a good thing.

Inflation will erode it. Coincidence?

 

[MadMossy]

Who Can Apply - British Gas Energy Trust

We can offer grants and schemes that are open to anyone - you don't have to be a British Gas energy customer. Applications are prioritised based on need.

britishgasenergytrust.org.uk

Not sure if the government qualify for that just yet.

 

[alec]

Inflation will erode it. Coincidence?

I thought so too, but actually it is reverse.
Cost of servicing that debt is tied to interest rates, and this year this cost is going to jump from 20B to 84B per year. Ballooning the debt even further. And increasing inflation.

 

[Shoza]

Inflation will erode it. Coincidence?

Love that labour are seen as financially reckless but until 2008 debt to GDP was only 35% which was very manageable, but now we’re 12 years in of the conservatives and it’s 95% but that’s fine. They wasted so much public money.

 

[loftie]

Doesn't sound particularly efficient nor probably able to be widely used but sand battery seems to have jumped from theory to real world.
Looks like its another potential situationally dependant tech though

Climate change: 'Sand battery' could solve green energy's big problem

A storage device made from sand may overcome the biggest issue in the transition to renewable energy.

www.bbc.co.uk

I believe i mentioned it in another thread, but there are companies looking at heat storage to use in coal power stations. Very similar to that article in the sense that excess renewables are used to heat up thermal storage units. Then when they need power they use the units to drive the turbines. For example https://www.solarpaces.org/aalborg-csp-can-retrofit-coal-plants-into-thermal-energy-storage

 

[PlacidCasual]

I thought so too, but actually it is reverse.
Cost of servicing that debt is tied to interest rates, and this year this cost is going to jump from 20B to 84B per year. Ballooning the debt even further. And increasing inflation.

I'm fairly sure it was more than 20Bn a year more like 50Bn. I think for most of the last 5 years the cost of servicing debt has been close to the size of the defence budget. I nearly spat my tea out the morning I got my last tax statement and the 5th largest segment of it was servicing national debt. As people are saying interest rates are going up and servicing that debt could get mighty expensive. We're lucky we have our own currency and our debt is typically sold on very long period Gilts.

 

[Craterloads]

I’ve bought a few Tapo energy monitor thingies to see how much things in the house are costing to run.

We have a old scandinova chest freezer in the cellar which according to the Tapo is constantly using 105w

We are with octopus on their June 2018 v1 variable

How much is this thing costing to run each year?