Electricity Price Hike

[Bazza Smurf]

9 minutes ago, Happier diner said:

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. 

The point for them or us? Little point for them. Much point for us. I'm thinking of organising a few peaceful protests. I feel so badly about the situation. We have no end dates to the current prices, only start dates. Isaac Newton would not understand that MUA only go up and not come down. 

[Happier diner]

Just now, finlo said:

Twice then!

Well sort of yes. You are correct.The burden of cost was transferred from the DOT to the then water authority which then became the water and sewage authority. That then became Manx Utilities. Sewage charges were hidden in the rates..what happened after that is a mystery. Not sure if the sewage charges were handed over to the MUA. 

Smoke and mirrors?

[Happier diner]

1 minute ago, Bazza Smurf said:

The point for them or us? Little point for them. Much point for us. I'm thinking of organising a few peaceful protests. I feel so badly about the situation. We have no end dates to the current prices, only start dates. Isaac Newton would not understand that MUA only go up and not come down. 

But government own the MUA. Government have to approve changes in tariff. How could regulation of that improve things? 

[Mercenary]

1 minute ago, Happier diner said:

Well sort of yes. You are correct.The burden of cost was transferred from the DOT to the then water authority which then became the water and sewage authority. That then became Manx Utilities. Sewage charges were hidden in the rates..what happened after that is a mystery. Not sure if the sewage charges were handed over to the MUA. 

Smoke and mirrors?

Well hopefully in that case Laxey's rates will triple to pay for pumping all their shit uphill !!!

[Happier diner]

2 minutes ago, Mercenary said:

Well hopefully in that case Laxey's rates will triple to pay for pumping all their shit uphill !!!

Yes. Hopefully they will so that everyone else is not saddled with this cost. 

[Ham_N_Eggs]

26 minutes ago, Happier diner said:

But government own the MUA. Government have to approve changes in tariff. How could regulation of that improve things? 

Because the regulators have a degree of independence that CoMin don't. CoMin could insist prices go up 8 fold and the regulator, if given the correct powers, would stop this.

For example Manx Radio are regulated by CURA and yet are wholly owned by the Treasury.

[Happier diner]

2 minutes ago, Ham_N_Eggs said:

Manx Radio are regulated by CURA

Look how that turned out!

[Bazza Smurf]

33 minutes ago, Happier diner said:

But government own the MUA. Government have to approve changes in tariff. How could regulation of that improve things? 

I did a video or 2 with Paul Moulton today. I tried to answer that very question. 

[Bazza Smurf]

1 minute ago, Happier diner said:

Look how that turned out!

I'm not sure to what extent the regulatory power extends. With MUA it would have to extend to public and business KWH charges/cost. 

[Happier diner]

3 minutes ago, Bazza Smurf said:

I'm not sure to what extent the regulatory power extends. With MUA it would have to extend to public and business KWH charges/cost. 

But surely that regulation is with CoMin as they have to approve all changes in electricity charges. 

[Bazza Smurf]

3 minutes ago, Happier diner said:

But surely that regulation is with CoMin as they have to approve all changes in electricity charges. 

Yes it is currently, but approving price rises just because they can or because the MUA board think they should is hardly going to give the public or local business much hope into the future. 

 

[Ham_N_Eggs]

13 minutes ago, Happier diner said:

But surely that regulation is with CoMin as they have to approve all changes in electricity charges. 

Do you understand how CoMin works? How much time do you think they have to study the papers before having to make a decision? A true regulator would carry out a proper investigation and price comparison. CoMin rely on the information given to them by the MUA a couple of days before they meet. They are not a regulator, they are a rubber stamp.

[Happier diner]

Just now, Ham_N_Eggs said:

Do you understand how CoMin works? How much time do you think they have to study the papers before having to make a decision? A true regulator would carry out a proper investigation and price comparison. CoMin rely on the information given to them by the MUA a couple of days before they meet. They are not a regulator, they are a rubber stamp.

So how come they rejected the MUA attempt to raise tariffs 6months ago. The rubber stamp must have gotten lost.

[Bazza Smurf]

2 hours ago, Happier diner said:

So how come they rejected the MUA attempt to raise tariffs 6months ago. The rubber stamp must have gotten lost.

Looking at the present and future situation, I wish they had more time to look for the stamp. Short term pain would have meant longer term gain. 

Edited March 15, 2023 by Bazza Smurf

[Roger Mexico]

13 minutes ago, Happier diner said:

So how come they rejected the MUA attempt to raise tariffs 6months ago. The rubber stamp must have gotten lost.

Because they rejected it on political grounds - their usual one of 'Lets copy the UK Government mindlessly without bothering to consider the particular circumstances'.  There's never any attempt to assess or even look at the figures, never mind verify them.   No doubt they'd be accused of micro-managing and going beyond their roles if they tried.