All views my own etc
Here's how this compares to other causes of fire:
Here's how this compares to other causes of fire:
How concerned do we need to be? The numbers suggest... not very 🧵
How concerned do we need to be? The numbers suggest... not very 🧵
- For maintaining and operating gas networks
- Increased depreciation (paying off networks investments more quickly)
Don't know how this is a 'net zero cost' as suggested by the Telegraph this morning...
- For maintaining and operating gas networks
- Increased depreciation (paying off networks investments more quickly)
Don't know how this is a 'net zero cost' as suggested by the Telegraph this morning...
1) Wholesale costs down £12 on previous quarter, as gas prices fall from peak levels BUT remain above pre-crisis levels
In Feb, they reached a 2-year high and are still volatile.
1) Wholesale costs down £12 on previous quarter, as gas prices fall from peak levels BUT remain above pre-crisis levels
In Feb, they reached a 2-year high and are still volatile.
...with changes to "incentives" aka subsidies and scrapping the Windfall Tax (which is hugely popular with voters) etc
This differs to the *official* estimates from the regulator 👀
...with changes to "incentives" aka subsidies and scrapping the Windfall Tax (which is hugely popular with voters) etc
This differs to the *official* estimates from the regulator 👀
How much are they going up by?
Why are they going up?
What are the long-term causes of high bills?
A short 🧵 on why the answer isn't all blowing in the wind...
How much are they going up by?
Why are they going up?
What are the long-term causes of high bills?
A short 🧵 on why the answer isn't all blowing in the wind...
It now doesn't mention the savings, and only briefly that bills would rise even higher if this investment didn't happen.
This makes it misleading...
It now doesn't mention the savings, and only briefly that bills would rise even higher if this investment didn't happen.
This makes it misleading...
Yesterday the @telegraphnews.bsky.social had an article about Ofgem's much-needed £24bn investment in upgrading the gas and electricity networks.
The author correctly stated that the *net increase* on an energy bill would be £24/yr by 2031
(£104/yr added, £80 saving):
Yesterday the @telegraphnews.bsky.social had an article about Ofgem's much-needed £24bn investment in upgrading the gas and electricity networks.
The author correctly stated that the *net increase* on an energy bill would be £24/yr by 2031
(£104/yr added, £80 saving):
The wholesale electricity cost component for steel industry is more in the UK than the ENTIRE electricity bill (wholesale, network, policy etc) in France and Germany.
🤯
The wholesale electricity cost component for steel industry is more in the UK than the ENTIRE electricity bill (wholesale, network, policy etc) in France and Germany.
🤯
(Despite industrial gas demand falling 12%)
...Both households and industry have been left exposed to crippling energy costs
Undermining UK's economic & industrial competitiveness ❌
(Despite industrial gas demand falling 12%)
...Both households and industry have been left exposed to crippling energy costs
Undermining UK's economic & industrial competitiveness ❌
Despite production of steel decreasing by 25% ⬇️ in the crisis
🚨The future of steel in the UK is dependent on stable prices
Despite production of steel decreasing by 25% ⬇️ in the crisis
🚨The future of steel in the UK is dependent on stable prices
& renewable power generation in the UK is HIGHER than ever
Renewables = energy security 💚
independent.co.uk/news/busines...
& renewable power generation in the UK is HIGHER than ever
Renewables = energy security 💚
independent.co.uk/news/busines...
This will ALWAYS be the case - UK prices reflect what happens on these international markets.
We have little control over prices given the North Sea is a small, declining basin.
This will ALWAYS be the case - UK prices reflect what happens on these international markets.
We have little control over prices given the North Sea is a small, declining basin.
The global oil price today, after conflict in Israel / Iran overnight📈
tradingeconomics.com/commodity/cr...
The global oil price today, after conflict in Israel / Iran overnight📈
tradingeconomics.com/commodity/cr...
Will GB Energy fill the gap? Might be competition for cash with it covering renewables, nuclear etc too
Will GB Energy fill the gap? Might be competition for cash with it covering renewables, nuclear etc too
Plan to decarbonise industries in Oct
But no mention of help with high energy costs = industry may continue to struggle over summer.
Plan to decarbonise industries in Oct
But no mention of help with high energy costs = industry may continue to struggle over summer.
No mention of Clean Steel Fund, a manifesto pledge
But re-announced some support e.g. £500m for Port Talbot, which is thought to be from that fund
& investment into floating offshore wind infrastructure at actual Port in Port Talbot
No mention of Clean Steel Fund, a manifesto pledge
But re-announced some support e.g. £500m for Port Talbot, which is thought to be from that fund
& investment into floating offshore wind infrastructure at actual Port in Port Talbot
Warm Homes Plan will improve 5m homes (insulation, solar, heat pumps) backed by £13.2bn. This is the manifesto pledge. More details "by October"
GB Energy also gets full £8.3bn manifesto pledge & inc support offshore wind supply chains
Warm Homes Plan will improve 5m homes (insulation, solar, heat pumps) backed by £13.2bn. This is the manifesto pledge. More details "by October"
GB Energy also gets full £8.3bn manifesto pledge & inc support offshore wind supply chains
Mood music WAS yes, but there's rumours that it WILL now be funded by the Govt's Manifesto pledge of £13.2bn...
Why's it important?
Warm homes for better health 🏥, lower bills for growth 📈& improved energy security ☑️
Mood music WAS yes, but there's rumours that it WILL now be funded by the Govt's Manifesto pledge of £13.2bn...
Why's it important?
Warm homes for better health 🏥, lower bills for growth 📈& improved energy security ☑️
And when I asked them, the Telegraph weren't willing to remove or change it
Strange and disappointing, when not only are the numbers wrong, but the way it's presented may lead people to believe the opposite of the truth.
And when I asked them, the Telegraph weren't willing to remove or change it
Strange and disappointing, when not only are the numbers wrong, but the way it's presented may lead people to believe the opposite of the truth.
By the Telegraph only starting the graph in May 2024, it misses out longer term growth
...which is a 59% increase in heat pump installations between Nov 2022 (when the Boiler Upgrade Scheme properly started) and Apr 2025
By the Telegraph only starting the graph in May 2024, it misses out longer term growth
...which is a 59% increase in heat pump installations between Nov 2022 (when the Boiler Upgrade Scheme properly started) and Apr 2025
MCS data actually shows it to be around 100 more than that, at 4754
& this may keep rising as the lag between installation and when they are recorded catches up.
MCS data actually shows it to be around 100 more than that, at 4754
& this may keep rising as the lag between installation and when they are recorded catches up.
There's been 5 articles in recent weeks that present this graph with the heading "heat pump demand falters" when the actual trend is the opposite
Here's why it's misleading...
There's been 5 articles in recent weeks that present this graph with the heading "heat pump demand falters" when the actual trend is the opposite
Here's why it's misleading...
@thetimes.com yesterday
Claiming "net zero targets" have driven up energy prices, when actually it's the cost of gas
Here's a letter in this morning's paper challenging it.
@thetimes.com yesterday
Claiming "net zero targets" have driven up energy prices, when actually it's the cost of gas
Here's a letter in this morning's paper challenging it.
The incorrect figure appeared in 3 (!) articles in the Express and 1 in the Scotsman.
Thankfully, all have now also removed and/or corrected the figure - but it shows how misinformation can spread.
The incorrect figure appeared in 3 (!) articles in the Express and 1 in the Scotsman.
Thankfully, all have now also removed and/or corrected the figure - but it shows how misinformation can spread.