@wesstreeting@lewis_goodall 400 MPs
and you have to ‘contract in’
a Candidate..
Just shows the level of talent of MPs
in the @UKLabour in Parliament
🤷♀️
@Anna_Soubry Yes -a lot down to people sadly like you who were determined to stop the will of the people being implemented and helped waste months on supporting Keir Starmer wanting another referendum. Trust in politicians promises was trashed !
This is something everyone interested in energy should read - supplier CEOs giving evidence to the DESNZ Select Committee last autumn
Selected highlights...
Rachel Fletcher, Director of Regulation and Economics at Octopus Energy:
“…if we continue on the path that we are on right now, in all likelihood electricity prices for a typical customer are going to be 20% higher in four or five years’ time than they are now. That is even if wholesale prices halve…
The point is that the country as a whole at the moment is paying over £20 billion a year on its electricity bills for policy costs. The projections are that that is going to increase. That is one of the hundred pounds that will possibly be added to electricity bills on the current trajectory over the next four years. It is time that we got this burden under control,”
Simone Rossi, CEO at EDF UK:
“We can compare the cost to serve in France and the cost to serve in the UK. Per point of delivery, the cost to serve in the UK is about £100 per annum. In France, it is €45, which is half, more or less. It is actually less than half. This is not to do with the wholesale price or the gas marginal cost et cetera. It is driven by the fact that we have very complex regulation that has become stratified over the years….
...we have in front of us a system where, even if the wholesale price were to halve, as she indicated, the bills will rise. There are two main drivers that we have in front of us in the growth of the bills. One is the demand reduction. We are building infrastructure as if there was more demand, but, in reality, there is less and less demand, so you have a bigger burden on smaller shoulders…”
Chris Norbury, CEO at E.On UK:
“if I look at the non-commodity costs—policy costs and network costs—certainly some of the modelling that we have suggests that you could get to a position by 2030 where, if the wholesale price was zero, bills would still be the same as they are today because of the increase in those non-commodity costs,”
Chris O’Shea, CEO at Centrica:
“When you look at what consumers pay, consumers do not actually pay the wholesale gas price for anything backed by a CfD. When people talk about getting the wholesale gas price down, that is quite a red herring.
"Consumers pay what the CfD price is. If the wholesale electricity price goes to a pound, the CfD will simply make that back up to the £75 per megawatt-hour or so that wind farms are getting at the moment,”
https://t.co/c9le1ssvcR
Your ignorance is staggering
The reason the North Sea is declining so fast is excess taxation. More taxes will simply increase our reliance on imports
Producing more gas definitely will reduce energy costs because it will displace more expensive LNG reducing the number of days LNG sets the price
UK gas prices at a discount to TTF (the main European benchmark). Increasingly production will widen this margin
Increased production delivers more tax revenues both from the producers and the huge UK based supply chains that support them as well as supporting thousands of well paid jobs. This additional income could be used to fund your renewables subsidies and cuts in fuel duty
It's not true that new production will take 5 years to deliver. Jackdaw and Rosebank could be up and running in months
And decline does not mean it's not worth bothering with. On day 2 of production a field is in decline but only an idiot would use that as a reason to close it
Norway has made major discoveries adjacent to the UK sector in the past year. These reservoirs almost certainly extend into the UKCS. There is plenty more oil and gas to be had
Our production is also cleaner than imports
It's bizarre to argue against it
@narindertweets To qualify for reduced rate SDLT you need to define the property as your main residence. Angela Raynor would, at best, have told a lie. Her position is untenable.
‘Look at the state that this poor lady was in… imagine if that was you.’
@TomSwarbrick1 has a suggestion for Angela Rayner to turn the tax row into a ‘watershed moment’.
This felt as good as winning myself! So happy for my man @TommyFleetwood1 for enduring the relentless pressure cooker his quality golf has put him in during these playoffs and there is no more deserving champ. 🏆
Going to pin this.
Please be aware that X has been/continues to mess with my account.
I know SOME of you can see my posts, but more often than not, I’m told people see nothing from my account.
I’m told a brief reply or an RT to my posts will help, but who knows?
Merci! 🙏
Reopening a 3.3-mile train line to Portishead from Bristol took 79,187 pages of planning documents.
Printed out, that’s 14.6 miles of paperwork - 4.5 times the length of the actual railway.
The process has taken 16 years.