MNKGV
24 Feb 2017
Re: BBC2 Newsnight Regardless of whether the burning of trees is right or wrong ,it is too late now to switch Drax off . If you suceed, be prepared to make all your future toast under the 'gas oven grill'. Not got a gas oven? Too bad. No toast for you.
LK Hyman
23 Feb 2017
Re: Results Happy,"Just 4.9Gw of wind power from an installed fleet capacity of over 18Gw to be precise."Hopeless! Absobloodylutely hopeless!LKH on the flybridge off to look for the Chatham House report
Happy Rabbit
23 Feb 2017
Re: Results Just 4.9Gw of wind power from an installed fleet capacity of over 18Gw to be precise.H.
Happy Rabbit
23 Feb 2017
Re: Results "of power"
Happy Rabbit
23 Feb 2017
Re: Results LK, the Chatham House report on biofuel yesterday certainly won't help! The little issue of it being ridiculously inaccurate probably will go unnoticed by those who don't want to hear, but I still hold the faith!Finished my buying spree this morning, so am now overweight!If fact and sanity were to rule, then nuclear and biofuel would be the low carbon options of choice with gas providing the remainder. Even as storm Doris blows, we are producing a ridiculously small amount to power from the installed windmill capacity. Probably the wrong sort of wind.Regards,
LK Hyman
23 Feb 2017
Re: Results Punilux,"where do we get the gas from in 3-4 years time?"There's plenty of gas in the world, m8, no worries [he said airily]. It's started to be exported by the USA ffs.It would be nice if Iran and the West could bury the hatchet (not between one another's shoulder blades!) because there is any amount of gas, which could be turned into LNG and sent to Blighty, in the Iranian offshore acreage which adjoins Qatar's North Field ... itself the largest gas field in the world.Worry ye not about a shortage of gas! The government of Gibraltar has recently, and very sensibly, entrusted Shell with the supply of 100% of the gas, which will be Gib's only fuel for generating leccy, so Blighty needs to be similarly brave for a much smaller proportion of ITS leccy generation.Carbon capture and storage seems a no-brainer to me. However I can understand that, politically, it must be tough for Westminster to sell Joe Public on the idea of paying Big Oil oodles of wedge to meter CO2 and pump it down a huge pipe into a hole in the ground buried under the North Sea.It's been done by Shell in Canada, mind. The Canadian federal government and the Alberta state government ponied up the money like good 'uns. Mind you, they did have the incentive provided by the world and his wife realising that their oil sands are particularly nasty polluters.Looks as if wood pellets are comin' back onto the political agenda ... and not in a good way LOL.LKH on the flybridge
MNKGV
17 Feb 2017
Re: Results Punilux I hope your research is right, i.e. fracking is not worthwhile but I have a horrible feeling 'they' will allow fracking to take place when the 'nuclear' gamble fails. In the meantime, the luck of the Devil has run with the 'capacity ( lack of) gamblers' again this winter . I doubt whether demand will exceed supply for the next few months now. The consolation is, that Drax is big enough to be an essential part of our on-line capacity.
Happy Rabbit
17 Feb 2017
Re: Results Punilux,"...and a PM who is holding the hand of President whose own party grandees are trying to avoid touching with a bargepole. "The only reason she was holding his hand was so she knew where it was!
Punilux
17 Feb 2017
Re: Results I'm open to correction but the last time I checked fracking was only likely that 20% of the gas in place could be recovered if there was significant technical development. (Various LSE reports circa 2014/2015) It might be simpler to just leave the stuff alone rather than literally get gas out of a stone.
MNKGV
17 Feb 2017
Re: Results Punilux One word, begins with ''f''.
Punilux
17 Feb 2017
Re: Results Thanks LKH, but where do we get the gas from in 3-4 years time?No North Sea due to the exploration tax. No pipeline from Europe, which, even if it is functioning, is likely to be the subject of levies to non-EU states. Tankers of liquefied gas from unstable Middle Eastern states? As for carbon capture. Isn't it more likely that you'll extract some sense out of Conservatives/Labour/Liberals/SNP/UKIP etal first?
trader jack
17 Feb 2017
Re: Results Punilux,"the French / Chinese governments thinking that it is worth paying money from the taxation of their own population so as to bail out the Brits."I have no idea about Chinese thinking regarding informing their population about taxation matters but, honestly can you see Hollande or whoever succeeds him later this year telling the French that taxes are being put up to bail out the Brits and their nuclear power industry.The French have enough problems of their own and are already a highly taxed nation to support their social funding needs and the profilgacy of their politicians so I doubt that they would consider such a move.Even if the abacus rattlers can see huge real and not just potential profits for EDF and thus France somewhere down the line I cannot see them getting approval from their citizens to cough up!Kind regardsTJ
LK Hyman
17 Feb 2017
Re: Results Punilux,"is it possible that our Brexit negotiations could lead to a return of coal fired power stations operating without any carbon tax?"That would be a retrograde step [removes onion].It's simple ... forget about coal and nuclear; build CCGT stations, which anyway emit only half of the GHGs that coal emits; and provide a bit of pump priming to develop carbon capture and storage. Then sell the CCS technology around the world and Blighty emerges lookin' like a hero.Simples.LKH on the flybridge
Punilux
17 Feb 2017
Re: Results I think that you will find that the UK does not have an energy policy and so it does not need a stamp to be written on.Amber Rudd left us with all the eggs ending up in the nuclear basket with a bit of diesel burning, factory closing and NHS rationing to make up the shortfall before then. Clearly we are now dependent on technologies which have not been created, EDF staying solvent and the French / Chinese governments thinking that it is worth paying money from the taxation of their own population so as to bail out the Brits. We have a Foreign Secretary who is trying to alienate us from every country on the planet and a PM who is holding the hand of President whose own party grandees are trying to avoid touching with a bargepole. In all seriousness, is it possible that our Brexit negotiations could lead to a return of coal fired power stations operating without any carbon tax?
Happy Rabbit
17 Feb 2017
Re: Results schwee,I guess the problem is that since we changed from GAAP to the international standard for accounts, companies like to give you two lots of accounts ... a sensible one and a statutory (international standard) one. The statutory profit was £193.9m but that includes unrealised gains in the currency hedge, which really isn't profit! Hence all the other figures; but they do say what they are in the notes.Regards,
