0bserver Posted March 13, 2023 Share Posted March 13, 2023 1 minute ago, Happier diner said: Since when was double the same as almost the same? Since it wasn't 10 times the previous amount. Quote Link to comment Share on other sites More sharing options...
Happier diner Posted March 13, 2023 Share Posted March 13, 2023 1 minute ago, 0bserver said: Since it wasn't 10 times the previous amount. Haha. If you are not already, you should be a journalist. 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted March 13, 2023 Share Posted March 13, 2023 Ashford to ask Tynwald question, "Will electricity tariffs fall in line with reducing wholesale gas prices?".... Good luck with that. Quote Link to comment Share on other sites More sharing options...
Happier diner Posted March 13, 2023 Share Posted March 13, 2023 4 minutes ago, Non-Believer said: Ashford to ask Tynwald question, "Will electricity tariffs fall in line with reducing wholesale gas prices?".... Good luck with that. It didn't go up in line with wholesale gas price so perhaps optimistic to think it will come down in line with wholesale price. Quote Link to comment Share on other sites More sharing options...
0bserver Posted March 13, 2023 Share Posted March 13, 2023 10 minutes ago, Happier diner said: It didn't go up in line with wholesale gas price so perhaps optimistic to think it will come down in line with wholesale price. It didn't go up in line with wholesale gas prices *at the time*. Quote Link to comment Share on other sites More sharing options...
Happier diner Posted March 13, 2023 Share Posted March 13, 2023 5 minutes ago, 0bserver said: It didn't go up in line with wholesale gas prices *at the time*. True. Quote Link to comment Share on other sites More sharing options...
WTF Posted March 13, 2023 Share Posted March 13, 2023 2 hours ago, Happier diner said: Has electricity gone up 10x? the gas looks like it did Quote Link to comment Share on other sites More sharing options...
Happier diner Posted March 13, 2023 Share Posted March 13, 2023 4 minutes ago, WTF said: the gas looks like it did Exactly. Although the MUA will have had some of that hedged. Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted March 13, 2023 Share Posted March 13, 2023 3 hours ago, Happier diner said: That's a point. However it depends what you expectations are I suppose. Do you think that they could realistically make significant inroads into this cost. Staff don't come cheap. Without being involved in the operation its easy to make radical statements like this, and they could be true. They equally could be false. "Profligate" is the word best used to describe MUA culture, particularly in regard to T&Cs. And its priority is to maintain that, regardless. A good right-sizing outfit would have a field day with the MUA. I've worked close enough to it to know 😉 1 Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted March 13, 2023 Share Posted March 13, 2023 3 minutes ago, WTF said: the gas looks like it did When you compare the unit rate of gas with unit costs Currently wholesale is 130.7p therm and a therm is 29.3kWh so per kWh = 130.7p/29.3 = 4.46p per kWh. So doubling of gas prices went form about 2.2p per kWh to 4.46 per kWh. Now obvioulsy there are additional on costs for transport over the network and inefficiency in the delivery/conversion of the gas to electricity. But if the price is an indicator then 4.5p of 34p/kWh is 12% whereas historically 2.2p of 22p/kWh is 10%. So what is the remaining 29.5p paying for. Maybe MUA could provide a simple pie diagram of where % of charge goes? For comparison, Manx Gas charge to 14p/kWh making wholesale gas about 32% of charge. Quote Link to comment Share on other sites More sharing options...
Happier diner Posted March 13, 2023 Share Posted March 13, 2023 1 hour ago, CallMeCurious said: When you compare the unit rate of gas with unit costs Currently wholesale is 130.7p therm and a therm is 29.3kWh so per kWh = 130.7p/29.3 = 4.46p per kWh. So doubling of gas prices went form about 2.2p per kWh to 4.46 per kWh. Now obvioulsy there are additional on costs for transport over the network and inefficiency in the delivery/conversion of the gas to electricity. But if the price is an indicator then 4.5p of 34p/kWh is 12% whereas historically 2.2p of 22p/kWh is 10%. So what is the remaining 29.5p paying for. Maybe MUA could provide a simple pie diagram of where % of charge goes? For comparison, Manx Gas charge to 14p/kWh making wholesale gas about 32% of charge. That's a good analysis. You should be able to make your own pie graph. The no of kwhs per year is in the public domain. So how much a year do they spend on gas and how much has it gone up? Quote Link to comment Share on other sites More sharing options...
cissolt Posted March 13, 2023 Share Posted March 13, 2023 Dr Alex stated during the ongoing economic committee meeting that the increase is to pay the MUAs built up debt during the price freeze not a reflection on the current gas costs. https://twitter.com/tynwaldinfo/status/1635213415278071815?s=20 Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted March 13, 2023 Share Posted March 13, 2023 39 minutes ago, cissolt said: Dr Alex stated during the ongoing economic committee meeting that the increase is to pay the MUAs built up debt during the price freeze not a reflection on the current gas costs. https://twitter.com/tynwaldinfo/status/1635213415278071815?s=20 If that is the case then presumably he can tell us how long the increased prices will last before that debt is paid off and tarrifs can revert back to a sensible level? A cynic would say that they'll conveniently forget that part, or hopes the public do, in 12 months time and keep the prices high to pay off all the other accumulated debts and the windymillers experiment. 2 Quote Link to comment Share on other sites More sharing options...
cissolt Posted March 13, 2023 Share Posted March 13, 2023 1 minute ago, CallMeCurious said: If that is the case then presumably he can tell us how long the increased prices will last before that debt is paid off and tarrifs can revert back to a sensible level? A cynic would say that they'll conveniently forget that part, or hopes the public do, in 12 months time and keep the prices high to pay off all the other accumulated debts and the windymillers experiment. Good question. I think Ashford has this question tabled for tomorrow's keys. I think Treasury will use the rise as an excuse to draw down the mea debt, but if that's the case they need to be honest about it. Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted March 13, 2023 Share Posted March 13, 2023 6 hours ago, Non-Believer said: "Profligate" is the word best used to describe MUA culture... Surely you mean Profitligate? 1 3 Quote Link to comment Share on other sites More sharing options...
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