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"The video features a man from Octopus Energy who is trying to sell 'locational pricing' which he thinks will bring prices down. He's wrong. All that would happen is that the wind farms would get closed down." "locational pricing" sounds in theory like a terrible idea. Because it's a feature based on demographic location and I suspect demand. (I'm thinking of Surge Pricing used by Uber, for example). In other words, it's a market stressor that doesn't need to be in the market, unless the only reason was to generate additional profit. If it's to "lower" to cost of electrical supply to consumers, I can't see the shareholders being too keen on that either when their dividends drop in value. | |||
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"Just like those dodgy phone calls you get sometimes.. a big scam!!" Only if you get scammed..  | |||
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"fabulous news for wales ... as a net exporter of electricity from renewables our bills will drop substantially and it will also create thousands more high wage local jobs ... Spin Baby Spin" That's not what will happen. All of those wind farms cost a hell of a lot of money to install and maintain. They rely on the energy price being quite high, just to make them break even. If that price were to drop by even 10%, those wind farms would become uneconomical to run, and they'd all close down. Even if the government nationalised them and continued to run them, it would still be bad news for Wales. The wind doesn't always blow, and in very high winds the turbines have to be switched off to protect the equipment. Under these conditions Wales would be beholden to England to supply them with power, and the price would not be low. | |||
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"fabulous news for wales ... as a net exporter of electricity from renewables our bills will drop substantially and it will also create thousands more high wage local jobs ... Spin Baby Spin That's not what will happen. All of those wind farms cost a hell of a lot of money to install and maintain. They rely on the energy price being quite high, just to make them break even. If that price were to drop by even 10%, those wind farms would become uneconomical to run, and they'd all close down. Even if the government nationalised them and continued to run them, it would still be bad news for Wales. The wind doesn't always blow, and in very high winds the turbines have to be switched off to protect the equipment. Under these conditions Wales would be beholden to England to supply them with power, and the price would not be low." no .... your prediction is quite incorrect and it's this kind of nimbyism that zonal pricing will iradicate | |||
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"fabulous news for wales ... as a net exporter of electricity from renewables our bills will drop substantially and it will also create thousands more high wage local jobs ... Spin Baby Spin" "That's not what will happen. All of those wind farms cost a hell of a lot of money to install and maintain. They rely on the energy price being quite high, just to make them break even. If that price were to drop by even 10%, those wind farms would become uneconomical to run, and they'd all close down. Even if the government nationalised them and continued to run them, it would still be bad news for Wales. The wind doesn't always blow, and in very high winds the turbines have to be switched off to protect the equipment. Under these conditions Wales would be beholden to England to supply them with power, and the price would not be low." "no .... your prediction is quite incorrect and it's this kind of nimbyism that zonal pricing will iradicate" I've laid out the logic of my thinking up above. Which bit of it do you think is incorrect? And how does my post count as nimbyism? I'm not attempting to stop new things being built in my area or anyone else's. I'm just saying that localised pricing won't work the way that some people think it will. Here's another thing to ponder - the price for gas-generated energy at the moment is about is £114/MWh, with offshore wind coming in at about £44/MWh. Right now, the offshore wind people get paid the gas price of £114 for their energy. How do you think they will cope if localised pricing is established and they only get the £44 instead? How many new wind farms will be built under localised pricing, with the projected income stream now 60% lower? | |||
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