| Gas storage UK Centrica. 12:32 - May 8 with 874 views | ReslovenSwan1 |
As I understand it gas prices in UK are so high because it depends on global prices.
In order to mitigate price hikes some nations have huge gas storage facilities. They buy gas when it is cheapest and sells it when it is higher but still below the global price.
You no longer see the old gas tanks in towns ..
Centrica which evolved from British Gas want to develop the Rough gas storage scheme in the North sea but it is very expensive work. They have asked the Government for a contribution. This is exactly what they should be doing. Infrastructure to lower bills. (Buy cheap sell cheaper)
I am a shareholder from the Thatcher era. My share took a hit today dues to the high cost of storage development.
https://www.thisismoney.co.uk/money/markets/article-14690973/British-Gas-owners-
[Post edited 8 May 12:33]
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| Gas storage UK Centrica. on 13:04 - May 8 with 811 views | Boundy |
Net zero will have and will always continue to be paid for by everyone living in this country, madness. |  |
| "In a free society, the State is the servant of the people—not the master." |
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| Gas storage UK Centrica. on 13:21 - May 8 with 798 views | ReslovenSwan1 |
| Gas storage UK Centrica. on 13:04 - May 8 by Boundy |
Net zero will have and will always continue to be paid for by everyone living in this country, madness. |
Net zero is common sense. We at at a landmark period in history but the issue has been politicised.
"Being dirty and unhealthy is an option for all of us. Drink smoke get no exercise. What is the point of being clean. It is too expensive and the government will take care of me if I get sick." This is lazy.
We in UK have stopped mining coal and burning coal for electricity for the fist time since the Ice melted 10,000 years ago.
Trump Reform are backwards looking. There are thousands of expired oil rigs in the Gulf of Mexico. Trump wants to rename it but not pay to clean it up.
None of the promoters of coal live in coal mining areas or near the old power stations.
I have explained to you why UK energy prices are so high. Lack of storage capacity. The HM Government can invest in this to increase storage to let the supplies buy and store when it is cheap. It would be a good investment and with proper regulations would bring down prices.
Better to look for solutions rather than complain. Centrica gave me £100 dividends a year. Not much as shareholders are NOT cashing in on high gas prices. They paid no dividends for several years.
[Post edited 8 May 13:55]
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| Gas storage UK Centrica. on 13:23 - May 8 with 798 views | JACKMANANDBOY |
| Gas storage UK Centrica. on 13:04 - May 8 by Boundy |
Net zero will have and will always continue to be paid for by everyone living in this country, madness. |
A few commentators have started to ask questions this week on the back of the decision to suspend the development of the afore mentioned wind farm. |  |
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| Gas storage UK Centrica. on 14:03 - May 8 with 751 views | ReslovenSwan1 |
| Gas storage UK Centrica. on 13:23 - May 8 by JACKMANANDBOY |
A few commentators have started to ask questions this week on the back of the decision to suspend the development of the afore mentioned wind farm. |
https://www.business-live.co.uk/economic-development/rsted-abandons-multibillion
There is plenty of capital in world markets. They all want a regular return.
The Danish man said this and I agree .
"This combination is the foundation of our energy future alongside technologies such as carbon capture and hydrogen. We must move away from a polarised debate that pits people against each other and choose a pragmatic path to our energy future that leaves no one behind." [Post edited 8 May 14:08]
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| Gas storage UK Centrica. on 14:36 - May 8 with 715 views | JACKMANANDBOY |
| Gas storage UK Centrica. on 14:03 - May 8 by ReslovenSwan1 |
https://www.business-live.co.uk/economic-development/rsted-abandons-multibillion
There is plenty of capital in world markets. They all want a regular return.
The Danish man said this and I agree .
"This combination is the foundation of our energy future alongside technologies such as carbon capture and hydrogen. We must move away from a polarised debate that pits people against each other and choose a pragmatic path to our energy future that leaves no one behind." [Post edited 8 May 14:08]
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I'd say the UK is not taking the pragmatic path. In short, we are going hell for leather with today's technology much of which is still developing and importing oil and gas when we are sitting on about 90 years supply of oil and gas despite the fact the Government admits oil and gas will be needed well into the future.
We have one of the highest penetrations of renewables in the OECD and one of the highest energy prices.
I've no problem with net zero, apart from the fact we are ignoring other existential issues for the planet but the UK has a very questionable strategy. [Post edited 8 May 14:56]
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| Gas storage UK Centrica. on 15:57 - May 8 with 660 views | SullutaCreturned |
| Gas storage UK Centrica. on 13:21 - May 8 by ReslovenSwan1 |
Net zero is common sense. We at at a landmark period in history but the issue has been politicised.
"Being dirty and unhealthy is an option for all of us. Drink smoke get no exercise. What is the point of being clean. It is too expensive and the government will take care of me if I get sick." This is lazy.
We in UK have stopped mining coal and burning coal for electricity for the fist time since the Ice melted 10,000 years ago.
Trump Reform are backwards looking. There are thousands of expired oil rigs in the Gulf of Mexico. Trump wants to rename it but not pay to clean it up.
None of the promoters of coal live in coal mining areas or near the old power stations.
I have explained to you why UK energy prices are so high. Lack of storage capacity. The HM Government can invest in this to increase storage to let the supplies buy and store when it is cheap. It would be a good investment and with proper regulations would bring down prices.
Better to look for solutions rather than complain. Centrica gave me £100 dividends a year. Not much as shareholders are NOT cashing in on high gas prices. They paid no dividends for several years.
[Post edited 8 May 13:55]
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You have explained...people know these things and besides, lack of storage isn't the biggest driver of hgher prices. Gas prices in the UK are high due to a combination of factors, including international market conditions, supply chain disruptions, and the UK's reliance on imported gas. The war in Ukraine, global demand, and reduced supplies have all contributed to increased wholesale gas prices, which are then reflected in UK energy bills.
I agree we need net zero but how we are going about it is the problem, we are doing it the most expensive way by giving out massive subsidies to private business. We need the government to do it, to renationalise and use the infrastructure for the common good instead of putting billions in the billionaires pockets | | | |
| Gas storage UK Centrica. on 19:02 - May 8 with 604 views | ReslovenSwan1 |
| Gas storage UK Centrica. on 15:57 - May 8 by SullutaCreturned |
You have explained...people know these things and besides, lack of storage isn't the biggest driver of hgher prices. Gas prices in the UK are high due to a combination of factors, including international market conditions, supply chain disruptions, and the UK's reliance on imported gas. The war in Ukraine, global demand, and reduced supplies have all contributed to increased wholesale gas prices, which are then reflected in UK energy bills.
I agree we need net zero but how we are going about it is the problem, we are doing it the most expensive way by giving out massive subsidies to private business. We need the government to do it, to renationalise and use the infrastructure for the common good instead of putting billions in the billionaires pockets |
Large storage capacity mitigate the factors you outlined .
"international market conditions, supply chain disruptions, and the UK's reliance on imported gas. The war in Ukraine, global demand, and reduced supplies"
The increased storage when the prices are cheap and stable. Then sell when expensive and unstable at buying price plus profit determined by Government price cap.
Wind power is the same . If storage is increased prices come down. The Dinorwic scheme is a massive battery. Pump water up the hill using night time wind energy no one wants then work the turbines at peak times.
Big battery farms are under planning or construction. Centrica ard not making a fortune. Neither are the Danes. So who is ? [Post edited 8 May 20:15]
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| Gas storage UK Centrica. on 17:32 - May 9 with 453 views | controversial_jack |
| Gas storage UK Centrica. on 19:02 - May 8 by ReslovenSwan1 |
Large storage capacity mitigate the factors you outlined .
"international market conditions, supply chain disruptions, and the UK's reliance on imported gas. The war in Ukraine, global demand, and reduced supplies"
The increased storage when the prices are cheap and stable. Then sell when expensive and unstable at buying price plus profit determined by Government price cap.
Wind power is the same . If storage is increased prices come down. The Dinorwic scheme is a massive battery. Pump water up the hill using night time wind energy no one wants then work the turbines at peak times.
Big battery farms are under planning or construction. Centrica ard not making a fortune. Neither are the Danes. So who is ? [Post edited 8 May 20:15]
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Storage is expensive, firms will do all they can to limit large storage as it's an asset they haven't or can't sell and still has to be maintained | | | |
| Gas storage UK Centrica. on 10:16 - May 10 with 344 views | ReslovenSwan1 |
| Gas storage UK Centrica. on 17:32 - May 9 by controversial_jack |
Storage is expensive, firms will do all they can to limit large storage as it's an asset they haven't or can't sell and still has to be maintained |
That is why Centrica want Government support. For me this type of investment is a long term benefit for the country and would serve to help the citizens by keeping bills down. As investments go this is perfect for the Government.
NHS and benefits are money down the river in hard economy terms apart from general cash circulation. | |
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| Gas storage UK Centrica. on 10:58 - May 10 with 330 views | max936 |
| Gas storage UK Centrica. on 15:57 - May 8 by SullutaCreturned |
You have explained...people know these things and besides, lack of storage isn't the biggest driver of hgher prices. Gas prices in the UK are high due to a combination of factors, including international market conditions, supply chain disruptions, and the UK's reliance on imported gas. The war in Ukraine, global demand, and reduced supplies have all contributed to increased wholesale gas prices, which are then reflected in UK energy bills.
I agree we need net zero but how we are going about it is the problem, we are doing it the most expensive way by giving out massive subsidies to private business. We need the government to do it, to renationalise and use the infrastructure for the common good instead of putting billions in the billionaires pockets |
Centrica's COE gets paid a footballers wage its something like 5,5 million per yr with bonuses, for what I ask?
"Centrica ard not making a fortune" 
Centrica are making billions
Centrica's profits
What is the profit of Centrica in 2025?
2025 Infrastructure adjusted operating profit of £250 million - £400 million, including the expected loss from CES+ in 2025. Group adjusted operating profit also includes colleague profit share and meter asset provider consolidation adjustments.2 days ago.
How much profit did Centrica make?
Adjusted EBITDA(i)of £2.3bn (2023: £3.5bn) with full year adjusted operating profit (AOP) of £1.6bn (2023: £2.8bn):20 Feb 2025 |  |
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| Gas storage UK Centrica. on 12:56 - May 10 with 291 views | Boundy |
Perhaps you should as a share holder I'd have thought you'd be more than interested in how your return is being used.. | |
| "In a free society, the State is the servant of the people—not the master." |
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| Gas storage UK Centrica. on 14:09 - May 10 with 274 views | max936 |
| Gas storage UK Centrica. on 12:56 - May 10 by Boundy |
Perhaps you should as a share holder I'd have thought you'd be more than interested in how your return is being used.. |
My Mother was a share holder in Centrica, we still got them forget what they are worth , but its not a lot, my NG are far better.
Worked for BG and got my own shares, but I don't like to brag unlike like some who love to, why I don't know.  | |
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| Gas storage UK Centrica. on 17:02 - May 10 with 234 views | Boundy |
| Gas storage UK Centrica. on 14:09 - May 10 by max936 |
My Mother was a share holder in Centrica, we still got them forget what they are worth , but its not a lot, my NG are far better.
Worked for BG and got my own shares, but I don't like to brag unlike like some who love to, why I don't know. |
I worked for NG for over 30 years but never really bought into any shares even though they were offered at very attractive rate, obviously sorry now but the wages wouldn't great at the time and with 3 young kids and only myself working I really couldn't afford to buy shares. Different story now as I'm retired but the cheap rate opportunities have long gone. | |
| "In a free society, the State is the servant of the people—not the master." |
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| Gas storage UK Centrica. on 21:33 - May 10 with 198 views | max936 |
| Gas storage UK Centrica. on 17:02 - May 10 by Boundy |
I worked for NG for over 30 years but never really bought into any shares even though they were offered at very attractive rate, obviously sorry now but the wages wouldn't great at the time and with 3 young kids and only myself working I really couldn't afford to buy shares. Different story now as I'm retired but the cheap rate opportunities have long gone. |
Got shares in a few places, some doing well others not so good, they all took a massive dive when the Orange clown become president again and so did my pension.
It is what it is I suppose. | |
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| Gas storage UK Centrica. on 09:56 - May 11 with 144 views | controversial_jack |
| Gas storage UK Centrica. on 10:16 - May 10 by ReslovenSwan1 |
That is why Centrica want Government support. For me this type of investment is a long term benefit for the country and would serve to help the citizens by keeping bills down. As investments go this is perfect for the Government.
NHS and benefits are money down the river in hard economy terms apart from general cash circulation. |
why do you think the NHS is money down the drain. It's our biggest employer and gets ppl fit and back to work | | | |
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