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Another Massive Benefit?

HAYSIEHAYSIE Member Posts: 32,347
in The Rail

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    Tikay10Tikay10 Member, Administrator, Moderator Posts: 160,875

    Yikes, if true, that's extraordinary.
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    tai-gartai-gar Member Posts: 2,596
    Nigel Farage is urging all Brexit voters to pay 52% of everyone else's energy bills for the rest of the decade.
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    goldongoldon Member Posts: 8,528
    This Tory Government
    tai-gar said:

    Nigel Farage is urging all Brexit voters to pay 52% of everyone else's energy bills for the rest of the decade.

    This Government is in charge of Energy prices not Nigel Farage he's talk show contestant
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    EssexphilEssexphil Member Posts: 8,065
    edited February 2023
    The price cap is not yet in force. 15th February 2023. It was agreed in December 2022-when prices were massively higher than they are now.

    And it is 180 Euros per megawatt hour. I suspect poor old Ken has got his megawatt hours mixed up with MMBtus.

    https://en.wikipedia.org/wiki/EU_natural_gas_price_cap

    This maximum price has various conditions before it applies. And it is only the Buyers who have agreed this cap-not the Sellers. So-for example, the Netherlands has not agreed, no doubt at the insistence of Shell.

    And, just in case you thought this might be meaningless posturing, the current wholesale price is actually 64.2 Euros per megawatt hour.

    It's a little bit like me announcing I have decided to buy Buckingham Palace for £1.00...
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    Tikay10Tikay10 Member, Administrator, Moderator Posts: 160,875

    Thanks for the clarification Phil @Essexphil


    It never looked like it was right, hence my "if true" caveat.
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    EssexphilEssexphil Member Posts: 8,065
    Tikay10 said:


    Thanks for the clarification Phil @Essexphil


    It never looked like it was right, hence my "if true" caveat.

    Who would have thought? An avid Europhile rushing to talk up the benefits of the EU, without bothering to check the facts.

    Wouldn't happen on this forum ;)
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    goldongoldon Member Posts: 8,528

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    HAYSIEHAYSIE Member Posts: 32,347
    He is usually reliable.
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    MISTY4MEMISTY4ME Member Posts: 6,172
    HAYSIE said:

    He is usually reliable.

    Must be an 'Old Age' thing :D
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    HAYSIEHAYSIE Member Posts: 32,347
    MISTY4ME said:

    HAYSIE said:

    He is usually reliable.

    Must be an 'Old Age' thing :D
    Or he is smoking similar products to you.
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    HAYSIEHAYSIE Member Posts: 32,347
    This may not be down to the real Ken Clarke, although that wasnt very clear.

    Ken Clarke (Parody)
    @MrKennethClarke
    ·
    16 Aug 2022
    The EU price cap on gas is £37 per mega watt hour.

    The UK is £263.79 per mega watt hour.

    A Brexit dividend for energy companies shareholders.

    #Brexit
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    EssexphilEssexphil Member Posts: 8,065
    edited February 2023
    HAYSIE said:

    This may not be down to the real Ken Clarke, although that wasnt very clear.

    Ken Clarke (Parody)
    @MrKennethClarke
    ·
    16 Aug 2022
    The EU price cap on gas is £37 per mega watt hour.

    The UK is £263.79 per mega watt hour.

    A Brexit dividend for energy companies shareholders.

    #Brexit

    That makes sense. Ken Clarke is better than that.

    While the extra costs to the UK are not of that order, I bet they are significant. Nothing to do with Brexit (like most things, the EU doesn't interfere in individual members approaches). But doesn't stop it being real.

    Let's take Shell, for example. Just made a £32 Billion profit. Only paid just over £100 million in UK tax. Their defence?

    "Only 5% of Revenue from UK".

    That's revenue-or turnover. Not profit. 2 different things. A very deliberate misdirection.
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