Not looked at any of the links but exactly which European countries are paying more or the same as the U.K. please ?
On Electricity only Czech pays more than us.
On Gas they give the ten highest of which we don't appear but from 1-10;
Bulgaria
The Netherlands
Greece
Latvia
Czech Republic
Sweden
Estonia
Spain
Denmark
Portugal
Thankyou. Will that change in four weeks time when the cap increases, or is that reflecting the new October cap ?
That's as at now, not found anything that gives similar from 1.10, but wouldn't be surprised if we jump to the top of the Electricity as we aren't far behind the table topper, Gas unlikely but will probably enter the top 10 if those countries remain as is.
So Czech Republic are paying slightly more at the moment for energy prices. It is churlish splitting into electricity and gas, it is overall energy prices. Then we are next. By January we are very likely to be top unless the Government does something. That is the truth of it and you can find obscure links from where you like, but it is going to hit people and your arguments are going to become more and more hollow unless we see this issue addressed.
A bit, it’s performance isn’t fabulous, but not at the same level of terrible. Also we import massively from the Euro zone still, and €/£ isn’t a pretty story either
It hoped to help tackle fuel poverty by improving energy efficiency and therefore reducing energy bills, as well aiming to "deliver cost effective carbon savings" and progress towards the UK's target for net zero by 2050.
Depends where you look from. Last year both EUR and GBP down about 16% vs dollar. Basically Dollar strong vs everything else, hence Dollar Index at multi year highs (Dollar vs basket of FX, mostly yen and euro).
So Czech Republic are paying slightly more at the moment for energy prices. It is churlish splitting into electricity and gas, it is overall energy prices. Then we are next. By January we are very likely to be top unless the Government does something. That is the truth of it and you can find obscure links from where you like, but it is going to hit people and your arguments are going to become more and more hollow unless we see this issue addressed.
No, there are numerous countries paying more for their overall energy than us, not just the Czech Republic (unless you are now only talking about Electricity).
My comment was nothing more than pointing out you were wrong, which you now seem to agree. We haven't got 'the most expensive energy prices in Europe' whether that's individually between Gas and Electric or jointly. Why you want to twist that into other things I don't know.
The government is likely going to be spending a lot of money on getting the nation through this winter. Assuming they borrow the money. How will this or any other interventions impact on Sterling ?
Who cares who's paying the most? We're still being mugged off on prices here.
Will never understand people who's immediate reaction is to jump in to defend the corporations who are pulling their pants down. "Well it's not as bad as in xxx" is a dogshit argument anyway.
The government is likely going to be spending a lot of money on getting the nation through this winter. Assuming they borrow the money. How will this or any other interventions impact on Sterling ?
This. There's every chance we're already heading into a full blown currency crisis. Bailing out energy users by borrowing or quantitative easing could turn a very dangerous situation into a catastrophy.
The government is likely going to be spending a lot of money on getting the nation through this winter. Assuming they borrow the money. How will this or any other interventions impact on Sterling ?
This. There's every chance we're already heading into a full blown currency crisis. Bailing out energy users by borrowing or quantitative easing could turn a very dangerous situation into a catastrophy.
What's the answer then? Let them lose their house? Let them burn furniture first? Die?
The government is likely going to be spending a lot of money on getting the nation through this winter. Assuming they borrow the money. How will this or any other interventions impact on Sterling ?
This. There's every chance we're already heading into a full blown currency crisis. Bailing out energy users by borrowing or quantitative easing could turn a very dangerous situation into a catastrophy.
What's the answer then? Let them lose their house? Let them burn furniture first? Die?
If the currency collapses all those things will happen and worse. For example we're not just a net energy importer.we're also net food importer, it doesn't take a genius to work out where this crisis is going to spread to next.
The government is likely going to be spending a lot of money on getting the nation through this winter. Assuming they borrow the money. How will this or any other interventions impact on Sterling ?
This. There's every chance we're already heading into a full blown currency crisis. Bailing out energy users by borrowing or quantitative easing could turn a very dangerous situation into a catastrophy.
What's the answer then? Let them lose their house? Let them burn furniture first? Die?
Profit cap and windfall tax across all major energy providers.
Members of the G7 have agreed to impose a price cap on Russian oil in a bid to hit Moscow's ability to finance the war in Ukraine.
Finance ministers said the cap on crude oil and petroleum products would also help reduce global energy prices. The cap will be set at a level based on a range of technical inputs.
"We will continue to stand with Ukraine for as long as it takes," the G7 said.
At their virtual meeting, the finance ministers said the oil price cap plan was "specifically designed" to reduce Russian revenues and its ability to "fund its war of aggression". They also said they wanted to minimise the damaging economic fallout of the conflict, "especially on low and middle-income countries".
In the aftermath of Russia's invasion of Ukraine the price of oil soared and has remained at high levels, meaning Russia has increase its revenues from the fossil fuel despite its export volumes falling.
The EU plans to impose an embargo on Russian crude oil from 5 December. It will apply to crude shipped by tanker and most piped supplies.
China and India - major trading partners for Russia - may not follow G7 policy on Russian oil, analysts say. They have not joined the Western sanctions targeting Russia.
UK Chancellor Nadhim Zahawi said the G7 were "united against this barbaric aggression", adding the price cap would "curtail Putin's capacity to fund his war".
US Treasury Secretary Janet Yellen said a cap would also help fight inflation, which is on the rise in many of the world's economies.
The price cap helps achieve "our dual goals of putting downward pressure on global energy prices while denying Putin revenue to fund his brutal war in Ukraine", she said.
Members of the G7 have agreed to impose a price cap on Russian oil in a bid to hit Moscow's ability to finance the war in Ukraine.
Finance ministers said the cap on crude oil and petroleum products would also help reduce global energy prices. The cap will be set at a level based on a range of technical inputs.
"We will continue to stand with Ukraine for as long as it takes," the G7 said.
At their virtual meeting, the finance ministers said the oil price cap plan was "specifically designed" to reduce Russian revenues and its ability to "fund its war of aggression". They also said they wanted to minimise the damaging economic fallout of the conflict, "especially on low and middle-income countries".
In the aftermath of Russia's invasion of Ukraine the price of oil soared and has remained at high levels, meaning Russia has increase its revenues from the fossil fuel despite its export volumes falling.
The EU plans to impose an embargo on Russian crude oil from 5 December. It will apply to crude shipped by tanker and most piped supplies.
China and India - major trading partners for Russia - may not follow G7 policy on Russian oil, analysts say. They have not joined the Western sanctions targeting Russia.
UK Chancellor Nadhim Zahawi said the G7 were "united against this barbaric aggression", adding the price cap would "curtail Putin's capacity to fund his war".
US Treasury Secretary Janet Yellen said a cap would also help fight inflation, which is on the rise in many of the world's economies.
The price cap helps achieve "our dual goals of putting downward pressure on global energy prices while denying Putin revenue to fund his brutal war in Ukraine", she said.
What does the first part of the above actually mean ? By that I mean for the consumer ?
Members of the G7 have agreed to impose a price cap on Russian oil in a bid to hit Moscow's ability to finance the war in Ukraine.
Finance ministers said the cap on crude oil and petroleum products would also help reduce global energy prices. The cap will be set at a level based on a range of technical inputs.
"We will continue to stand with Ukraine for as long as it takes," the G7 said.
At their virtual meeting, the finance ministers said the oil price cap plan was "specifically designed" to reduce Russian revenues and its ability to "fund its war of aggression". They also said they wanted to minimise the damaging economic fallout of the conflict, "especially on low and middle-income countries".
In the aftermath of Russia's invasion of Ukraine the price of oil soared and has remained at high levels, meaning Russia has increase its revenues from the fossil fuel despite its export volumes falling.
The EU plans to impose an embargo on Russian crude oil from 5 December. It will apply to crude shipped by tanker and most piped supplies.
China and India - major trading partners for Russia - may not follow G7 policy on Russian oil, analysts say. They have not joined the Western sanctions targeting Russia.
UK Chancellor Nadhim Zahawi said the G7 were "united against this barbaric aggression", adding the price cap would "curtail Putin's capacity to fund his war".
US Treasury Secretary Janet Yellen said a cap would also help fight inflation, which is on the rise in many of the world's economies.
The price cap helps achieve "our dual goals of putting downward pressure on global energy prices while denying Putin revenue to fund his brutal war in Ukraine", she said.
Surely this can’t be right. We aren’t talking to our fellow European colleagues to try and redress the market rises so some have said 😉
We are talking to them via the G7, which is not the EU, though the EU is a non-enumerated member (whatever that means). Otherwise it's the US, Canada, France, Germany, Italy, UK and Japan.
Members of the G7 have agreed to impose a price cap on Russian oil in a bid to hit Moscow's ability to finance the war in Ukraine.
Finance ministers said the cap on crude oil and petroleum products would also help reduce global energy prices. The cap will be set at a level based on a range of technical inputs.
"We will continue to stand with Ukraine for as long as it takes," the G7 said.
At their virtual meeting, the finance ministers said the oil price cap plan was "specifically designed" to reduce Russian revenues and its ability to "fund its war of aggression". They also said they wanted to minimise the damaging economic fallout of the conflict, "especially on low and middle-income countries".
In the aftermath of Russia's invasion of Ukraine the price of oil soared and has remained at high levels, meaning Russia has increase its revenues from the fossil fuel despite its export volumes falling.
The EU plans to impose an embargo on Russian crude oil from 5 December. It will apply to crude shipped by tanker and most piped supplies.
China and India - major trading partners for Russia - may not follow G7 policy on Russian oil, analysts say. They have not joined the Western sanctions targeting Russia.
UK Chancellor Nadhim Zahawi said the G7 were "united against this barbaric aggression", adding the price cap would "curtail Putin's capacity to fund his war".
US Treasury Secretary Janet Yellen said a cap would also help fight inflation, which is on the rise in many of the world's economies.
The price cap helps achieve "our dual goals of putting downward pressure on global energy prices while denying Putin revenue to fund his brutal war in Ukraine", she said.
Surely this can’t be right. We aren’t talking to our fellow European colleagues to try and redress the market rises so some have said 😉
To be seen if it has any success.
It’s a complex market it seems.
Well there are only three EU countries in the G7 for a start and none of the dialogue would be going through Brussels. So no we aren’t talking to the EU or at least this doesn’t confirm that we are.
Members of the G7 have agreed to impose a price cap on Russian oil in a bid to hit Moscow's ability to finance the war in Ukraine.
Finance ministers said the cap on crude oil and petroleum products would also help reduce global energy prices. The cap will be set at a level based on a range of technical inputs.
"We will continue to stand with Ukraine for as long as it takes," the G7 said.
At their virtual meeting, the finance ministers said the oil price cap plan was "specifically designed" to reduce Russian revenues and its ability to "fund its war of aggression". They also said they wanted to minimise the damaging economic fallout of the conflict, "especially on low and middle-income countries".
In the aftermath of Russia's invasion of Ukraine the price of oil soared and has remained at high levels, meaning Russia has increase its revenues from the fossil fuel despite its export volumes falling.
The EU plans to impose an embargo on Russian crude oil from 5 December. It will apply to crude shipped by tanker and most piped supplies.
China and India - major trading partners for Russia - may not follow G7 policy on Russian oil, analysts say. They have not joined the Western sanctions targeting Russia.
UK Chancellor Nadhim Zahawi said the G7 were "united against this barbaric aggression", adding the price cap would "curtail Putin's capacity to fund his war".
US Treasury Secretary Janet Yellen said a cap would also help fight inflation, which is on the rise in many of the world's economies.
The price cap helps achieve "our dual goals of putting downward pressure on global energy prices while denying Putin revenue to fund his brutal war in Ukraine", she said.
What does the first part of the above actually mean ? By that I mean for the consumer ?
I'm really not sure how this will work. Russia has oil, the G7 have put a cap on its price (which presumably means they won't pay more for Russian oil) and then Russia sells the oil to India and China for the global market rate. In the meantime the G7 have to buy oil on the global market.
Members of the G7 have agreed to impose a price cap on Russian oil in a bid to hit Moscow's ability to finance the war in Ukraine.
Finance ministers said the cap on crude oil and petroleum products would also help reduce global energy prices. The cap will be set at a level based on a range of technical inputs.
"We will continue to stand with Ukraine for as long as it takes," the G7 said.
At their virtual meeting, the finance ministers said the oil price cap plan was "specifically designed" to reduce Russian revenues and its ability to "fund its war of aggression". They also said they wanted to minimise the damaging economic fallout of the conflict, "especially on low and middle-income countries".
In the aftermath of Russia's invasion of Ukraine the price of oil soared and has remained at high levels, meaning Russia has increase its revenues from the fossil fuel despite its export volumes falling.
The EU plans to impose an embargo on Russian crude oil from 5 December. It will apply to crude shipped by tanker and most piped supplies.
China and India - major trading partners for Russia - may not follow G7 policy on Russian oil, analysts say. They have not joined the Western sanctions targeting Russia.
UK Chancellor Nadhim Zahawi said the G7 were "united against this barbaric aggression", adding the price cap would "curtail Putin's capacity to fund his war".
US Treasury Secretary Janet Yellen said a cap would also help fight inflation, which is on the rise in many of the world's economies.
The price cap helps achieve "our dual goals of putting downward pressure on global energy prices while denying Putin revenue to fund his brutal war in Ukraine", she said.
Surely this can’t be right. We aren’t talking to our fellow European colleagues to try and redress the market rises so some have said 😉
To be seen if it has any success.
It’s a complex market it seems.
Well there are only three EU countries in the G7 for a start and none of the dialogue would be going through Brussels. So no we aren’t talking to the EU or at least this doesn’t confirm that we are.
Colleagues I said. Not the EU as a body.
Also I believe the EU are invited to the G7.
The point remains that things do happen behind the scenes before it reaches the public domain.
God you’re persistent. It’s because the EU is more reliant on Russian energy than the U.K. is. Germany for example has now built up all the stocks it can and having done so can now act to sanction Russia further with the cap.
God you’re persistent. It’s because the EU is more reliant on Russian energy than the U.K. is. Germany for example has now built up all the stocks it can and having done so can now act to sanction Russia further with the cap.
I was asking why the G7 have taken so long to respond. You know the UK is in the G7? Why do you 'single out' Germany, or even mention the EU?
6 months this crisis has been running. Surely you agree the G7 could have done something earlier than this?
God you’re persistent. It’s because the EU is more reliant on Russian energy than the U.K. is. Germany for example has now built up all the stocks it can and having done so can now act to sanction Russia further with the cap.
I was asking why the G7 have taken so long to respond.
Probably needs agreement by all seven members to act. Obviously Germany and Italy were the two countries most impacted by the problems in getting gas out of Russia. Now they both have maximised their stocks perhaps the feel able to act ?
Comments
On Gas they give the ten highest of which we don't appear but from 1-10;
Followed by more puerile name calling.
Authority fails to spend £33m on energy efficiency
The Cambridgeshire and Peterborough Combined Authority was managing the scheme across 136 local authorities.
It was given £78.35m by the Department for Business, Energy and Industrial Strategy and previously returned £22m.
The money was supposed to be used to improve energy efficiency of homes in the South East of England.
The Green Homes Grant, external, also referred to as the Local Authority Delivery (LAD2) programme, focussed on low income and low EPC rated households, the Local Democracy Reporting Service said.
It hoped to help tackle fuel poverty by improving energy efficiency and therefore reducing energy bills, as well aiming to "deliver cost effective carbon savings" and progress towards the UK's target for net zero by 2050.
https://www.bbc.co.uk/news/articles/cglmxd24xv3o
My comment was nothing more than pointing out you were wrong, which you now seem to agree. We haven't got 'the most expensive energy prices in Europe' whether that's individually between Gas and Electric or jointly. Why you want to twist that into other things I don't know.
Will never understand people who's immediate reaction is to jump in to defend the corporations who are pulling their pants down. "Well it's not as bad as in xxx" is a dogshit argument anyway.
Members of the G7 have agreed to impose a price cap on Russian oil in a bid to hit Moscow's ability to finance the war in Ukraine.
Finance ministers said the cap on crude oil and petroleum products would also help reduce global energy prices. The cap will be set at a level based on a range of technical inputs.
"We will continue to stand with Ukraine for as long as it takes," the G7 said.
At their virtual meeting, the finance ministers said the oil price cap plan was "specifically designed" to reduce Russian revenues and its ability to "fund its war of aggression". They also said they wanted to minimise the damaging economic fallout of the conflict, "especially on low and middle-income countries".
In the aftermath of Russia's invasion of Ukraine the price of oil soared and has remained at high levels, meaning Russia has increase its revenues from the fossil fuel despite its export volumes falling.
The EU plans to impose an embargo on Russian crude oil from 5 December. It will apply to crude shipped by tanker and most piped supplies.
China and India - major trading partners for Russia - may not follow G7 policy on Russian oil, analysts say. They have not joined the Western sanctions targeting Russia.
UK Chancellor Nadhim Zahawi said the G7 were "united against this barbaric aggression", adding the price cap would "curtail Putin's capacity to fund his war".
US Treasury Secretary Janet Yellen said a cap would also help fight inflation, which is on the rise in many of the world's economies.
The price cap helps achieve "our dual goals of putting downward pressure on global energy prices while denying Putin revenue to fund his brutal war in Ukraine", she said.
To be seen if it has any success.
What could possibly go wrong?
6 months this crisis has been running.
Surely you agree the G7 could have done something earlier than this?