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House Price Crash Forum


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Everything posted by slawek

  1. They are thinking about introducing special visas for HGV drivers. I doubt that will help as the UK is not as attractive as it was. Pound is weak, conditions of work worse than in the EU and the general feeling not being welcome.
  2. "Success has many fathers, while failure is an orphan". I think their silence is a way to acknowledge responsibility for what is going on.
  3. Brexit is a slow motion disaster. Now this BP rations petrol and diesel deliveries to its service stations Oil giant says HGV driver shortage is disrupting supplies, with about 10% of forecourts running out of some fuels https://www.theguardian.com/business/2021/sep/23/bp-rations-petrol-and-diesel-deliveries-to-its-service-stations
  4. The electricity prices are going down from the £400 peak. There will likely stabilise at around £100/MWh due to higher nat gas prices. https://www.nordpoolgroup.com/Market-data1/GB/Auction-prices/UK/Daily/?view=chart
  5. If you haven't noticed Austria is ruled by a right-wing nationalistic party at the moment.
  6. There were many options available. Do you really believe that other free trade zones don't limit sovereignty?
  7. Yes, there is a strong pro Irish lobby in the US and all of them are terrorist sympathisers.
  8. There is simply no special relationship. The US is using the UK when it fits them. It is just a projection of a dream for internal audience. I find amusing that the UK is so eager to join free trade zones on the other end of the globe, COTPP and NAFTA now, after just leaving the one that is the most important, on their doorstep.
  9. A typo. It was supposed to be National Grid of course. The difference is that my number includes only transmission losses (from power plants to substations). Your number includes also losses in local lines, from substations to the end customers.
  10. The data I quoted were from a National Grid report (a link in my post). You have probably seen data for something else.
  11. It makes sense to correct power factor locally in some cases but on the global scale of the whole grid the power factor is not really a big issue. https://www.nationalgrid.com/uk/electricity-transmission/document/135126/download
  12. This is practically irrelevant. The transmission losses are only a few percent of the total power consumed. Energy losses due to bad power factor are only a fraction of the total transmission losses.
  13. That was an example showing that there is no "special relationship" between the UK and the US.
  14. No, they need gas to balance the electricity production as renewables are volatile and seasonal. The battery storage technology is not there yet.
  15. The US doesn't care, it was and still is very arrogant. It treats others as tools, use them and then dump them if not needed anymore. There is no a global version of the special relationship. The UK simply offered to transfer their nuclear sub technology to Australia, which was in interest of the US. Nothing more, nothing less. Trade deal with UK is not a priority for Biden, Boris Johnson accepts https://www.independent.co.uk/news/uk/politics/boris-johnson-joe-biden-trade-b1923660.html
  16. Not much changed in this matter, just 3 days ago U.S. House Speaker Pelosi cautions Britain over N.Irish peace deal https://www.reuters.com/world/uk/destroying-nirish-peace-deal-would-make-us-trade-deal-very-unlikely-pelosi-2021-09-17/
  17. The UK needs in order of 100 GWh to store electricity between summer and winter. I don't think that is possible.
  18. The UK would triple their renewal electricity sources to get rid of its dependence on NG for electricity production. That would required a lot of capital. But the biggest problem with renewal sources (wind and solar) is they are volatile and seasonal and we don't have any technology to store huge amounts of energy effectively to smooth the electricity production.
  19. LNG is probably more expensive too. Putin is currently trying to force the EU to let NS2 get online. There are reasons why he is engaged in Libya and Syria.
  20. This is not intended be a lesson, just my understating of this market. They are just billing companies. Many small ones are just a few computers, a website and some Customer Service employees plus bosses taking profit. They buy electricity wholesale and sell it to retail customers. They take the risk when they fix customer prices but don't fix wholesale prices, not sure if that's even possible.
  21. A typical business if the situation goes in their favour (2020) they keep prices high so we overpay, if against them they go bust and we pay again. "Talks with the government had focused on three different approaches, four people familiar with the situation confirmed, while stressing that ministers were “keen not to reward failure”. One suggestion is for the formation of a “bad bank” which would take on unprofitable customers from failed suppliers — a move reminiscent of measures taken at the peak of the financial crisis in 2008 and one designed to avoid weakening otherwise strong companies. “This could get the industry through the current period of crisis,” one person familiar with the talks said. “By parking the problem in a bad bank, it would make it easier to sort out the immediate crisis and then take stock longer term. It would allow the government to handle several suppliers going bust at the same time.”
  22. Nice graphs showing the UK electricity production https://www.mygridgb.co.uk/last-28-days/
  23. no, 4p was in 2019 and the second half of 2020, in the first half of 2020 price dropped to 2p
  24. In 2020 the average domestic price was 17p/kwh, the wholesale next day price was around 4p/kwh.
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