Gas and Electricity Crisis 🔥

Cant be bothered offering links but read it on MSE.
Some firms are going to offer people money to reduce there electric consumption at certain times of the day. They are talking about an hour or two upto 12 times in a year.
You have to have a so called smart meter.
I assume they look at your past consumption at that time of the day and pay you so much based on the reduction. I think one firm is going to go as high as £3 a kilowatt (don’t qoute me).
I won’t have smart meter but would do it for nothing but they don’t seem to be giving that any consideration?
A text saying can you reduce consumption from 6pm to 8pm tomorrow. Hardly a major problem.
Shower later. Cook your dinner earlier or later. Etc etc.
Could save a lot of problems this winter if needed better than rolling blackouts?

I am enrolled in the Ovo trial where the aim is to reduce your daily consumption between 4pm and 7pm to a certain percentage. You need a smart meter installed along with consent given for half hourly meter readings to be taken.

How about supporting households to acquire solar & battery storage. Charge battery during the day, discharge in the evening through usage.

I know government have removed VAT but some of these solar companies just increased their prices to the same amount prior to VAT removal to maximise profits.

I know there are other issues like long waiting times and lack of supply but surely solar and battery are the future.

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U ok?

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Shit. He’s discovered the plan.

Let’s hope he doesnt start telling people it on twitter :rofl:

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You need to understand that business and government leaders are idiots rather than evil.

We are looking at a the great repricing of everthing because relationships have changed therefor credit has changed. I am 90% sure most of the elites and having a heart attack because they are the ones on the chopping block from an angry public with pitchforks - the worst in their view is nationlization and or political/cultural/financial revolution.

The Chinese are getting sick of covid zero, everyone else is either at war or combating inflation. I imagine the commodities giants (suppliers) will come under intense scrutiny, as well having offshore accounts and such. Until then, stop externalising all your problems and make hay while the sun shines, because if you live in the G7, you have a fantastic opportunity to prosper if you stop sulking about things you have little control over.

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I think this is at least partly true. This week I interviewed a former PM (of a different country) who i would consider very neoliberal, a very different viewpoint to me. The thing that struck me was that I really got the sense that they were incredibly smart and genuinely wanted what they believed were the best outcomes at the time. Even though we probably have very different opinions on what society should look like it was an interesting insight into an area I would have previously considered to be quite corrupt. I wouldn’t say idiot, but I also wouldn’t say evil - which I may have done previously.

I know that’s only one person and not a particularly interesting anecdote but it has got me thinking about the way we perceive politicians and elected leaders.

Edit to add - this is relevant because we were specifically talking about neoliberal energy policy reform.

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the fact that in an energy crisis we are not deliberating getting anything we can get our hands on whilst the global south goes all-in on coal.

where the hell do we get commodities to build all our renewable stuff?

joe biden just came out and said no more drilling for oil. instead he wants oil companies to sell more at less cost without capacity. idiot.

then we have the degerate hedge funds (not all) looking to scalp anyone they can get. then we have free money incentivizing all of this. it was just the easy way out for central banks. creative distruction be damned to flush out the crap. the whole point about them being independent is cause they are meant to deal the pain.

i apperciate the smart people engineers but the money is centralized for fees, the public dumbed down by proxy and incentives to make a strong economy removed due to the fact that the g7 valued making money from paper too much.

now we enter a depression as a result - sorry - extended recession.

Yes as long as you ignore price and the cost to the environment of creating a lithium battery, you know the mining etc. The expected life of 10 years, although thats according to the suppliers.
Or doesn’t that matter?

Not sure why you left depression in?
You do know that depression requires deflation, thats negative inflation (an oxymoron if ever there was one)

i think they will be deflation.

edit: or much much higher inflation, followed by deflation. depends on the fed.

One problem politicians have is the public want quick fixes. Ones that arent normally possible in one term in office. Then of course you have the unexpected happen,. Anyone think of any?

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a lettuce became PM … now THAT was unexpected :face_with_hand_over_mouth:

Coal has been banned, also i dont sit in squalor and neither do you. You need to go to Ethiopia etc to see squalor. Real squalor.

i have coal in my garden shed, uk.

Very true. The next interest rate rise maybe priced in. Is the one after that fully priced in.
On the otherhand they price in where they shouldn’t. Nearly all reits and Infrastructure have inflation linked returns. There will be a lag but that changes nothing. They have fallen far to far.

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As i said coal is banned. The eggs (thats the way they are shaped) which are smokeless are not. The fact you have coal in your shed is irrelevant.

Not till May 2023

“All sales of traditional house coal will be banned in England from 1 May 2023”
Opps i got my dates wrong. Apologies. No one will sell it round here anymore.
As an aside and to get you back for being right PLANET MURDERER!

:joy: The shame is destroying me!