Bandits Posted August 11, 2022 Share Posted August 11, 2022 Just now, WTF said: so why don't manx gas fuck the MEA off and buy their gas from elsewhere ? Because I imagine the MUA is their seller of last resort in the current market with their crappy balance sheet. But presumably if Manx Gas can’t hedge via the MUA anymore and the MUA can hedge it’s position then inherently there would seem to be considerable potential for arbritage between long and spot purchase between supplier and customer? Quote Link to comment Share on other sites More sharing options...
finlo Posted August 11, 2022 Share Posted August 11, 2022 2 minutes ago, Happier diner said: They have no pipes Who needs pipes! 1 Quote Link to comment Share on other sites More sharing options...
Max Power Posted August 11, 2022 Share Posted August 11, 2022 Whatever, Christmas will be interesting this year... 1 Quote Link to comment Share on other sites More sharing options...
WTF Posted August 12, 2022 Share Posted August 12, 2022 (edited) 9 hours ago, Happier diner said: They have no pipes manx gas existed long before the pipes were laid. you'd think the gas company would be supplying the gas to the electricity company to produce the electricity rather than have an electricity company supplying gas to a gas company. the mea don't supply diesel to manx petroleums or ellan vannin fuels do they?? Edited August 12, 2022 by WTF Quote Link to comment Share on other sites More sharing options...
Happier diner Posted August 12, 2022 Share Posted August 12, 2022 16 minutes ago, WTF said: manx gas existed long before the pipes were laid. you'd think the gas company would be supplying the gas to the electricity company to produce the electricity rather than have an electricity company supplying gas to a gas company. the mea don't supply diesel to manx petroleums or ellan vannin fuels do they?? I am talking about the main that is used to bring gas to the Island. The high pressure pipeline. There is only one and its owned by the MUA. Quote Link to comment Share on other sites More sharing options...
BriT Posted August 12, 2022 Share Posted August 12, 2022 1 hour ago, WTF said: manx gas existed long before the pipes were laid. you'd think the gas company would be supplying the gas to the electricity company to produce the electricity rather than have an electricity company supplying gas to a gas company. the mea don't supply diesel to manx petroleums or ellan vannin fuels do they?? As you highlight we really don’t need Manx Gas. They lease infra off us and pay a big dividend to their PE owners off gas that’s been bought from the MUA and then resold to us at a mark up. We should have let them go bust and taken over their pipeline rights and deliver gas direct to consumers. 3 1 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted August 12, 2022 Share Posted August 12, 2022 58 minutes ago, BriT said: As you highlight we really don’t need Manx Gas. They lease infra off us and pay a big dividend to their PE owners off gas that’s been bought from the MUA and then resold to us at a mark up. We should have let them go bust and taken over their pipeline rights and deliver gas direct to consumers. How would you have let them go bust? Quote Link to comment Share on other sites More sharing options...
BriT Posted August 12, 2022 Share Posted August 12, 2022 8 minutes ago, Happier diner said: How would you have let them go bust? Putting in a cap on what they could sell gas at. Quote Link to comment Share on other sites More sharing options...
SleepyJoe Posted August 12, 2022 Share Posted August 12, 2022 33 minutes ago, Happier diner said: How would you have let them go bust? Govt should continue to subsidise the cost of electricity to the consumer whilst a renewable energy plan is developed far ahead of the stupid 2030 target date, making a least an element of affordable home heating achievable with electric heaters The Manx Gas product is just unaffordable, & the company should be left to it's fates Quote Link to comment Share on other sites More sharing options...
Happier diner Posted August 12, 2022 Share Posted August 12, 2022 1 hour ago, BriT said: Putting in a cap on what they could sell gas at. And end up in court for being in breach of contract? Quote Link to comment Share on other sites More sharing options...
Happier diner Posted August 12, 2022 Share Posted August 12, 2022 40 minutes ago, SleepyJoe said: Govt should continue to subsidise the cost of electricity to the consumer whilst a renewable energy plan is developed far ahead of the stupid 2030 target date, making a least an element of affordable home heating achievable with electric heaters The Manx Gas product is just unaffordable, & the company should be left to it's fates But what about the contractual agreement that we have with them? If only life were that simple eh! Quote Link to comment Share on other sites More sharing options...
0bserver Posted August 12, 2022 Share Posted August 12, 2022 1 hour ago, BriT said: Putting in a cap on what they could sell gas at. The UK cap works so well. Quote Link to comment Share on other sites More sharing options...
BriT Posted August 12, 2022 Share Posted August 12, 2022 56 minutes ago, 0bserver said: The UK cap works so well. Yes it bankrupted many providers which was my point. Quote Link to comment Share on other sites More sharing options...
SleepyJoe Posted August 12, 2022 Share Posted August 12, 2022 1 hour ago, Happier diner said: But what about the contractual agreement that we have with them? If only life were that simple eh! The contract that guarantees them 5% [previously 9%] return on capital employed? Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted August 12, 2022 Share Posted August 12, 2022 1 hour ago, Happier diner said: But what about the contractual agreement that we have with them? If only life were that simple eh! So you don't think there'll be a termination clause? Quote Link to comment Share on other sites More sharing options...
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