Was the pun intentional?I think an answer could be found by comparing the Japanese railways and our UK railways .... in the UK we have a dire track record
I had not heard anything about this government bill until today, another sneaky one I dare say but what it essentially does is to give energy providers the right to pass on both construction and operational cost of nuclear power plant builds.
quote "
The RAB model is expected to allow new nuclear projects to be financed via private investors such as pension funds and insurers and reduce reliance on overseas investors. It would be funded by a charge on electricity suppliers, who are expected to pass the cost on to consumers.
The Bill allows for eligible nuclear generation companies to be given a right to a regulated revenue stream during the construction, commissioning, and operation of a new nuclear project.
"
https://www.parliament.uk/business/...our-say-on-the-nuclear-energy-financing-bill/
So the government now expects us to finance projects like Hinkley & Sizewell with no protection against the risk, so you would be faced with out of control spiralling cost, ontop of already ridiculous energy prices. Hinkley is 500 million over budget and not coming online until at least June 2026 and that is if they get a license to operate so imagine that spread over UK energy consumers, about £800 a year plus running cost for one plant.
Add to this the fact NI contributions go up 1.25% and the higher rate tax frozen at £37,701 it only looks rosy for the very wealthy few. So what is the answer to putting the brakes on this UK decline, are our none UK members suffering the same fate..
when you read this it shows not just how much debt we will incur but that it will be for many decades, paying for the french cleanup I dare say.I am fairly sure that part of the negotiations around Hinley Point C resulted in a guarantee by the government that the consortium building it would receive a minimum price per KWH.
And to run.
Interested in why you say that. What reference source gives that data?Even if I installed a GSHP with a pretty decent COP of say 4 or there about, it would still cost more to run than the oil boiler.
This sort of comparison can be greatly influenced by local pricing & taxation, but even so I find that strange. We used to heat our house with oil and now we use a GSHP. After switching to the GSHP our total electric bill (i.e. the GSHP, cooking, lighting etc) was about 10% less than we previously spent on oil just for heating.Even if I installed a GSHP with a pretty decent COP of say 4 or there about, it would still cost more to run than the oil boiler.
Ok, let's do some "simple arithmetic". Looking at Energy Cost Comparison (10/2021 figures, other similar tables are available) for example, assuming a new oil boiler running at 90% efficiency (i.e. a perfect installation & commission), that's 6.44p and 0.298 kg CO2 per kWh . The efficiency of an oil condensing boiler drops with age to about 80-85% after 10 years (I need to source a definitive reference for that).What reference do I need? I know the relative costs of gas and electricity ( admittedly that could change), and I know the claimed COP figures. After that it's just simple arithmetic.
That is the right way, provide a good sound infrastructure that supports the people who will then be more productive because they are not worried about paying the next bill or getting to and from work, just like the farmer or gardener who prepares the ground before planting, here the government expects a good crop by planting in concrete.
I quite agree @Spectric, and the good thing about tidal is that on an island like ours somewhere around the edge the tide will always be just right, high tide time changes as it moves around the coastline so you wouldn’t need many farms to give you non-stop power, and no messing about with lack of wind or sunshine. IanThe issue is that nuclear cannot compete with renewables when it comes to the unit price of the electricity produced, and just the paper work needed to obtain a license to operate a nuclear facility is more expensive than a reasonably large wind farm cost all in. A good solution not being given enough attention is tidal, those tides come and go like clockwork with millions of tonnes of water changing direction every six hours and is a huge source of energy just waiting to be harnessed. Energy for the future must be clean and not leave any toxic waste for future generations and Nuclear cannot meet this criteria, a reason why Germany is shutting down it's old nuclear plants. The other area that must be dealt with is both energy consumption and waste, we are still building obsolete housing which is not energy efficient and I reckon some of you have better insulation in your sheds and workshops.
My working life started in the late seventies, work was plentiful and many good opportunities with fuel costing 90 pence a gallon and no one talked about energy prices because they were a minor part of the living cost. These were the days of technical colleges and the establishment recognised that it was the minority who would venture onto university with the rest joining the trades and apprenticeships. No smartphones, Pc's or Internet and video was a new technology but people were much happier and there was a much better atmosphere. This continued until Thatcher took office and then nothing seemed the same again with cost rising and much more discontentment with many big employers going and in hindsight this was probably when the rot set in. So I do feel sorry for the new generations, they have missed the best days of living in the UK and face a life of debt with far fewer well paid jobs, many young lads now working in coffee shops cleaning tables and serving rather than being a mate to a tradesman or some other more rewarding future. Who knows why, what has gone wrong or who let things slide but for me I look back and realise it was ok once and you could earn the same wages back then except the cost of living was much lower and dare I say a much less materialistic society and we did not need to escape into the fantasy world of social media. Energy is just part of a larger mess that our governments have steadily but surely steered the UK into and Covid may well just be the final push, we need to accept a new lower position on the world stage and settle into it rather than spending huge sums of money competing with the real big boys.I’m in an okay position though and it even worries me. It’s the thousands of people who have to decide when to put the hearing on who will go under and it feels like the government aren’t even addressing it.
Maslows hierarchy of needs. You can’t expect people to be productive at work when they’re worrying that work won’t pay enough to keep them warm at home even if they’re on the cheapest tariffs.
I make an okay amount, nothing impressive but enough that I shouldn’t be worrying about energy bills, and even though I can afford to pay the extortionate prices at the moment there’s a nagging worry in the back of my mind that the money lost on energy now impacts savings which impacts mortgage affordability if the rates are bad when our fix ends. Then there’s food prices which are also going up.
I’m in an okay position though and it even worries me. It’s the thousands of people who have to decide when to put the hearing on who will go under and it feels like the government aren’t even addressing it.
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