Bombay Bad Boy Posted July 19, 2023 Share Posted July 19, 2023 I'd dearly love to be proved wrong. But time and time again, MHK's are elected on a manifesto of reform, draining the swamp etc, and yet..same ol same ol. 4 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted July 19, 2023 Share Posted July 19, 2023 4 hours ago, 2112 said: 😂 but with IOMG and lack of maintenance, you can imagine solar panels collapsing either on a vehicle or on an individual, thereby resulting in a compo and insurance claim and a million Tynpotwald and HOK questions. I can't imagine that 1 Quote Link to comment Share on other sites More sharing options...
2112 Posted July 19, 2023 Share Posted July 19, 2023 19 minutes ago, Happier diner said: I can't imagine that I can 3 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted July 19, 2023 Share Posted July 19, 2023 7 minutes ago, 2112 said: I can It's MUA for a start. They will get it designed and installed. Not like the glass is falling off the power station is it? 4 Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted July 20, 2023 Share Posted July 20, 2023 On 7/18/2023 at 6:48 PM, asitis said: Please god let them get something right once, just once, not too much to ask is it ? Even a broken clock is right twice a day, so there is a very slim chance. But it'll still be over budget and behind schedule but only by 10%. 1 Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted July 20, 2023 Share Posted July 20, 2023 On 7/19/2023 at 5:18 PM, Happier diner said: It's MUA for a start. They will get it designed and installed. Not like the glass is falling off the power station is it? I wonder which vowel they'll change this time once it all goes south and they need another bail out? MIA ? 1 Quote Link to comment Share on other sites More sharing options...
finlo Posted July 20, 2023 Share Posted July 20, 2023 9 minutes ago, CallMeCurious said: I wonder which vowel they'll change this time once it all goes south and they need another bail out? MIA ? It undoubtedly will be a total disaster, we're looking to jump in just as the brakes are being put on some UK wind farms claiming due to inflationary pressures they are no longer financially viable. 3 Quote Link to comment Share on other sites More sharing options...
ADELE Posted July 20, 2023 Share Posted July 20, 2023 They have probably done a rough estimate and the cost is so prohibitive that they are using the drip, drip method so they cannot be accused of overspending. On the other hand they may not have a clue and are just cracking on to show willing and leaving the subsequent fallout for the next administration to sort out as I doubt that many of the present incumbents will be voted in again. 3 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted January 24 Share Posted January 24 If these announced losses today are anything to go by then we need the wind farm up ASAP. Although MUA claim that with "adjustments" the loss is "only" £14M. Another rise in charges coming in April though... Quote Link to comment Share on other sites More sharing options...
Hairy Poppins Posted January 24 Share Posted January 24 (edited) 8 minutes ago, Non-Believer said: If these announced losses today are anything to go by then we need the wind farm up ASAP. Although MUA claim that with "adjustments" the loss is "only" £14M. Another rise in charges coming in April though... The MUA debt really needs to be given more attention. It's virtually half a billion pounds and their accounts for last year forecast spending £55m just to service the debts. For an island of ~86,000 people that's absolutely insane. Unsure how this latest loss alters those figures. We expect Manx Gas/IEG to lower prices in line with falling wholesale prices - yet why do we allow MUA to plan an increase in prices when wholesale costs have fallen? I know it's because of the debt, but why do we allow that? Edited January 24 by Hairy Poppins 5 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted January 24 Share Posted January 24 (edited) 25 minutes ago, Hairy Poppins said: The MUA debt really needs to be given more attention. It's virtually half a billion pounds and their accounts for last year forecast spending £55m just to service the debts. For an island of ~86,000 people that's absolutely insane. Unsure how this latest loss alters those figures. I thought it was claimed that some of this had been written off, leaving debt of @ £170M but I stand to be corrected. Either way, one rise in April is not going to cover losses of these sorts, there's going to have to be more hikes in the following months to keep on top of it. And what's it going to be like for consumers over winter 24/25? 🤦 As to why it's allowed when the gas wholesale price is falling; who's going to stop it? None of the nodding dogs in Tynwald will oppose it, they know full well that their predecessors got us into the position and there would appear to be little alternative that they can turn to. Plus it suits the Tynwald dogma of just raising taxes rather than growing some balls to deal with MUA excess which might help a little if nothing else. Edited January 24 by Non-Believer Extra bit 2 Quote Link to comment Share on other sites More sharing options...
finlo Posted January 24 Share Posted January 24 1 minute ago, Non-Believer said: I thought it was claimed that some of this had been written off, leaving debt of @ £170M but I stand to be corrected. Either way, one rise in April is not going to cover losses of these sorts, there's going to have to be more hikes in the following months to keep on top of it. And what's it going to be like for consumers over winter 24/25? 🤦 If I were a betting man I'd say an acceleration of business closures. 1 Quote Link to comment Share on other sites More sharing options...
Hairy Poppins Posted January 24 Share Posted January 24 (edited) 6 minutes ago, Non-Believer said: I thought it was claimed that some of this had been written off, leaving debt of @ £170M but I stand to be corrected. Either way, one rise in April is not going to cover losses of these sorts, there's going to have to be more hikes in the following months to keep on top of it. And what's it going to be like for consumers over winter 24/25? 🤦 I could be totally wrong but that was my understanding of the debt level. Island residents will be having prices ramped up when UK bills will be falling by about 16% - and Comin will be scratching their collective heads wondering why economically active people don't want to move here. https://www.theguardian.com/money/2024/jan/22/energy-bills-great-britain-fall-price-cap-cornwall-insight ETA this was the debt figures I was thinking of - taken from the 2021/22 MUA report Edited January 24 by Hairy Poppins 3 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted January 24 Share Posted January 24 4 minutes ago, Hairy Poppins said: I could be totally wrong but that was my understanding of the debt level. Island residents will be having prices ramped up when UK bills will be falling by about 16% - and Comin will be scratching their collective heads wondering why economically active people don't want to move here. https://www.theguardian.com/money/2024/jan/22/energy-bills-great-britain-fall-price-cap-cornwall-insight ETA this was the debt figures I was thinking of - taken from the 2021/22 MUA report You're right, I was mistaken. The attached statement was made by Chris Thomas in March last year, it's horrifying. Quote Link to comment Share on other sites More sharing options...
b4mbi Posted January 24 Share Posted January 24 I have an idea... Stop obfuscation, delay and dithering and get drilling for the fucking gas!! If it flows, big, big win... If it doesn't no worse off than now. 2 8 Quote Link to comment Share on other sites More sharing options...
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