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Electricity Price Hike


Major Rushen

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1 minute ago, genericUserName said:

Onshore makes far more sense.

How? We don't need to build an industry here which can never grow (once you've built 5-10 windmills here then what? We sure as sh*t aint going to be manufacturing turbines or any parts that would ever compete with the established suppliers) when there is one already on our doorstep.

Its far more efficent to maximise the capacity/density far beyond what we need with our natural resources (the seabed) for our own use and sell the excess for profit than use up a very limited resource of land here.  

 

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17 minutes ago, NoTailT said:

I found this tweet thread quite insightful earlier. Did the Minister really suggest that, if the facts in the thread are true?

 

Yes it’s true.  How is this news to anyone?

We have been paying far less than most others and are now starting to catch up. It was all entirely predictable and well publicised 

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17 minutes ago, CallMeCurious said:

Invite one of the big offshore windfarm companies to set up 10x or 15x capacity the IOM will ever need and agree a 20% stake in exchange for attractive seabed rental*. Use the revenue from that 20% output to UK market to purchase wholesale electricity to purchase from UK grid via interconnectors.

So we sell 2x to 3x what we need when it is available and purchase only what we need 1x. This will buffer peaks and troughs of wind and we could ensure the location doesn't block our shipping routes. 

Make it a not for profit venture so any excess cashflow is used to reduce unit costs to IOM consumers. 

* Or free in return for their servicing and maintaining the equipment.

At least investigate the feasibility. Hell invite the company to headquarter here and take advantage of our tax regime. At least it would be more ethical than the gambling industry?

Done right and apart from emergency backup which could be mitigated a lot by having to or three seperate interconnectors , we would not need to generate anything here. Voila zero carbon or at least no worse than the UK buildup.

The cheaper rate electricity would go a long way to help not just individual households but large users like the district pools etc.  

 

 

I think you've got a good point that attracting renewable energy companies with our tax regime would be preferable to the dodgy finance and gambling companies we go for presently. It would also be much more beneficial to the island as a whole, both financially and morally.

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3 minutes ago, Ativa said:

Yes it’s true.  How is this news to anyone?

We have been paying far less than most others and are now starting to catch up. It was all entirely predictable and well publicised 

We've been paying less than the UK. But I don't think less than Europe? Reading Manx Free State tweets.

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36 minutes ago, CallMeCurious said:

How? We don't need to build an industry here which can never grow (once you've built 5-10 windmills here then what? We sure as sh*t aint going to be manufacturing turbines or any parts that would ever compete with the established suppliers) when there is one already on our doorstep.

Its far more efficent to maximise the capacity/density far beyond what we need with our natural resources (the seabed) for our own use and sell the excess for profit than use up a very limited resource of land here.  

 

To be fair to you it's a reasonable plan. I think it's a matter of time before our offshore area for wind is sold off to someone. It's an asset with incredible potential. Possibly more than the crogga gas idea. It would be a no money investment option. The power would probably go to the UK but with the little iom getting something for leasing the sea bed that is ours. 

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48 minutes ago, A fool and his money..... said:

It may be true, but it's very disingenuous not to mention that for decades before that we've had some of the highest electricity costs in Europe too. 

And the only Toilet Tax in Europe....if not the world....

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2 minutes ago, Bazza Smurf said:

I felt a mix of sadness and anger watching this. Am I the only one that thinks the MUA need an external regulator to protect the public in some way?

 

 

 

What would be the point of regulating something that is wholly owned and controlled by our government ? government regulate thyself? Come on Bazza, think it through. 

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13 minutes ago, Happier diner said:

That's not true. In fact the opposite is true. Possible the only place in the world where you didn't pay for sewage and sewerage services. Well you did,but via your rates. Now you pay MUA. 

Twice then!

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