GD4ELI Posted April 28, 2022 Share Posted April 28, 2022 55 minutes ago, SleepyJoe said: Has the space/time continuum shifted, or is it me? It's you. 1 Quote Link to comment Share on other sites More sharing options...
Bazza Smurf Posted April 30, 2022 Share Posted April 30, 2022 1 Quote Link to comment Share on other sites More sharing options...
Banker Posted May 4, 2022 Share Posted May 4, 2022 Looks like MUA could learn from Jersey electrics hedging, price only going up 5% this year!! https://jerseyeveningpost.com/news/2022/05/04/electricity-price-to-rise-in-july-and-again-in-january/ Quote Link to comment Share on other sites More sharing options...
Bandits Posted May 4, 2022 Share Posted May 4, 2022 47 minutes ago, Banker said: Looks like MUA could learn from Jersey electrics hedging, price only going up 5% this year!! https://jerseyeveningpost.com/news/2022/05/04/electricity-price-to-rise-in-july-and-again-in-january/ A lot of that is forward contracts on nuclear power sent up from France by undersea cable. Quote Link to comment Share on other sites More sharing options...
Happier diner Posted May 5, 2022 Share Posted May 5, 2022 20 hours ago, Banker said: Looks like MUA could learn from Jersey electrics hedging, price only going up 5% this year!! https://jerseyeveningpost.com/news/2022/05/04/electricity-price-to-rise-in-july-and-again-in-january/ 19 hours ago, Bandits said: A lot of that is forward contracts on nuclear power sent up from France by undersea cable. It's clearly the way to go though for us too. 1 Quote Link to comment Share on other sites More sharing options...
John Wright Posted May 5, 2022 Share Posted May 5, 2022 1 hour ago, Happier diner said: It's clearly the way to go though for us too. Until France turns off the tap due to a fishing dispute… 2 1 3 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted May 5, 2022 Share Posted May 5, 2022 2 hours ago, John Wright said: Until France turns off the tap due to a fishing dispute… Thats true. I should have made it clear, I meant a similar arrangement with the UK. 😅 Quote Link to comment Share on other sites More sharing options...
John Wright Posted May 5, 2022 Share Posted May 5, 2022 2 hours ago, Happier diner said: Thats true. I should have made it clear, I meant a similar arrangement with the UK. 😅 I didn’t think you meant a cable from Normandy 1 Quote Link to comment Share on other sites More sharing options...
Bandits Posted May 5, 2022 Share Posted May 5, 2022 (edited) So Chris Thomas again: https://www.iomtoday.co.im/news/price-rise-despite-manx-utilities-hedging-1116-of-gas-546099 This just makes the claims of the MUA Chairman about not allowing Manx Gas to forward price sound even odder. So this appears to be saying that although the MUA forward purchases a lot of natural gas for itself it sells the actual gas on to Manx Gas at the full market rate on the day. So if correct they can’t really say they sell it on at minimal profit as they’re selling it to MG on the rate that applies on the day they deliver it to MG not at the actual forward priced rate they might have bought it at. No wonder they wouldn’t let Manx Gas forward hedge as it would presumably have reduced the margin they re-sell to them at. Edited May 5, 2022 by Bandits Extra sentence Quote Link to comment Share on other sites More sharing options...
Happier diner Posted May 5, 2022 Share Posted May 5, 2022 11 minutes ago, Bandits said: So Chris Thomas again: https://www.iomtoday.co.im/news/price-rise-despite-manx-utilities-hedging-1116-of-gas-546099 This just makes the claims of the MUA Chairman about not allowing Manx Gas to forward price sound even odder. So this appears to be saying that although the MUA forward purchases a lot of natural gas for itself it sells the actual gas on to Manx Gas at the full market rate on the day. So if correct they can’t really say they sell it on at minimal profit as they’re selling it to MG on the rate that applies on the day they deliver it to MG not at the actual forward priced rate they might have bought it at. No wonder they wouldn’t let Manx Gas forward hedge as it would presumably have reduced the margin they re-sell to them at. Hmmmmm? Not sure if it works quite like that. We have no storage so we basically carry gas on behalf of manx gas. It's not pre-puchased is it? Merely a rate is agreed in advance. Quote Link to comment Share on other sites More sharing options...
Bandits Posted May 5, 2022 Share Posted May 5, 2022 (edited) 9 minutes ago, Happier diner said: Hmmmmm? Not sure if it works quite like that. We have no storage so we basically carry gas on behalf of manx gas. It's not pre-puchased is it? Merely a rate is agreed in advance. It seems to state clearly that Manx Gas pay the MUA the rate that applies on the day, even if the MUA has forward purchased that gas. Separately the MUA has said that the reason electricity hasn’t shot up by as much is that it forward purchases a lot of gas. So it passes on a lower rate to its domestic customers that reflects forward bought gas but seems to sell gas to Manx Gas at the full market rate on the day. Edited May 5, 2022 by Bandits Clarification Quote Link to comment Share on other sites More sharing options...
Banker Posted May 6, 2022 Share Posted May 6, 2022 More support with energy bills, not sure why a couple of pension age should have a much higher income threshold than a younger couple who are likely to have higher bills for work travel etc Quote Link to comment Share on other sites More sharing options...
Bazza Smurf Posted May 19, 2022 Share Posted May 19, 2022 Hi. A couple of members here mentioned that they would like to consider coming to this Q&A session. There are limited spaces. If you would like to come, please let me know so I can give CURA an indication of numbers. 1 Quote Link to comment Share on other sites More sharing options...
2112 Posted May 22, 2022 Share Posted May 22, 2022 Moorehouse is asking questions in the HOK whether CURA could investigate internet providers on the island. He particularly wishes providers introduce a social tariff, so those on low incomes are able to get broadband provision. He is using the UK providers as an example, as some have a cheaper rate for low income families. Whether it would work here or whether our ISPs will play ball is another matter. I bet they would introduce this social tariff, but regular contract customers will pay extra to subsidise the minority. Perhaps when MT were subsidised to roll out fibre, a requirement to introduce a special rate for benefit claimants and low income households should have been agreed, even if IOMG had extra subsidies as an inducement. Quote Link to comment Share on other sites More sharing options...
Bombay Bad Boy Posted May 26, 2022 Share Posted May 26, 2022 Meanwhile, on the other Island: https://www.bbc.co.uk/news/business-61584546 2 Quote Link to comment Share on other sites More sharing options...
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