Consumers 'won't be buying energy directly from GB Energy', minister confirms
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- Опубликовано: 30 сен 2024
- A government minister has confirmed that consumers "won't be buying energy directly" from Labour's new GB Energy body.
Speaking to Sophy Ridge on Sky's Politics Hub show, energy minister Sarah Jones said "a whole different set of companies" will remain responsible for selling energy to households, while GB Energy will be "in the business of generating the energy in the first place".
Ms Jones added that the body will also study the seabed around the UK - which is owned by the Crown - to provide information for wind farms and the companies that will build them.
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Please get rid of the standing charge on gas & electric bills.
Agreed
£35 a month is a scam.
Yeah but they will just raise the prices as that’s what private companies are do. They are profiting from what the government is supposed to be doing.
Ah but the £35 a month standing charge pays for green energy which is vastly more expensive than gas.
Maybe not scrap the standing charge all together but at least half it and put the unit price up instead. This would insensitivise people to actually reduce their consumption.
Smells like a lot of old cobblers to avoid taking steps to renationalisation energy, which is surely the only long term solution to the failure of privatisation
espcecially the fact their logo only 57p from a stock image site...
The seabed around the UK is owned by the Crown?😮
any unclaimed land does tend to go to the crown in the uk... its sorta how its always worked including with property
Yep, that’s how the King gets money from offshore wind but only 10% as 90% goes back to the state, recall the refused the money under Sunak but Sunak would not let him and the king is putting the money into home building and green energy. Also remember that the more money the state makes the less taxes we need to pay and with offshore wind if we overproduce we can see to Europe. Big picture, this is a solution.
Its just not gonna make bills any cheaper though is it
Not immediately but eventually it will significantly reduce bills. At present burning Gas is the most expensive means of generating electricity and 60% of UK electricity is generated by burning gas. In addition our entire consumer market is regulated in favour of the highest cost producer, again gas. To put into perspective electricity generated from offshore wind is 60% cheaper than gas, and onshore wind is 75% cheaper. In short, of the Tory Government hadn’t put a stop to virtually all green electricity projects ten years ago we’d be far further ahead now and we’d have been a lot better insulated to the massive surge in gas costs when Putin invaded Ukraine. That’s ultimately what GB Energy is about, energy security.
liebour strikes again
jobs for the boys , pals , just like covid ppe ect
R u dum bro
Lol I don't think they even know !! Yet another case of Promise more Deliver nothing politics !!
Taxpayer foots the bill. Private companies get the profits.
Engineers have calculated that the USA would need $350 trillion in batteries. None of these people here have looked into batteries as the cost is prohibitive.alsothey only last about 10 years and turbines 20 years but only 30% efficiency, nuclear is 90 plus %, a lot less materials and land,andarereliable. . No one talks about provision of all the added elec when fossils are gone. Quadrupling outcapacityand correspondingbackup.
Sophie is so fit
I would not buy anything from.this woman or her mates.Makes it up( clumsy too)as she goes along.
I'd buy snake oil 😮😮😮😮😮
Sounds like being set up to replicate the Post Office business model with Milliband in overall control, what could possibly go wrong. 🙈
It’s gonna cost the average person in the UK more money to do all this
Someone needs to knock some sense into the tax takers
Higher prices
A joke
Going to cost us more she doesn't know what she is talking about
They know
So how exactly does GB energy work and in a real setting how is it supposed to benefit the customer?
Supply catches up to demand, prices come down
Ok electricity from offshore wind is 60% cheaper than that from burning gas. Onshore wind is 75% cheaper. At present 60% of our electricity comes from burning gas, a highly price volatile input cost, and the entire consumer electricity market is currently regulated to favour the highest cost producer, again gas. What GB Energy will eventually do is flood the supply market with cheaper green electricity reduce our dependence on gas and lead to significantly cheaper bills. Also closing the gap between what we use and what we generate will leave us less vulnerable to the likes of France, whom we currently import electricity from inflating prices at key surge time during winter.
How much is this going to cost the taxpayer.
Offshore wind. Gas Starmer joined the Navy 😮😮😮😮😮
It will mean MORE COST 😮.
"the crown owns the seabed".
Nonsense.
Price rises
Push towards EVs? How about just aiming to take private cars off roads entirely (in urban areas at least anyway) by beefing up public transport, would do a damn site more for emissions, as well as other serious socioeconomic issues, than just telling everyone to buy a f**king Tesla or Nissan Leaf.
f*ck all except higher prices for a less reliable source
We've already reduced our emissions by more than most countries in the world. If Labour are really doing this to save the planet it would be much cheaper and actually benefit the planet considerably more for us to help developing countries that will continue to burn fossil fuels for many many decades to transition away from them. Cars in the UK are naturally going electric as battery tech improves and gets cheaper to produce, there's no need to spend money forcing the issue. The fact we are going to spend 8b try to get industry to build wind farms is ridiculous, what if they say "no thanks". We should be partnering with industry not the land(seabead) owner.
Energy is free, Nikola Tesler told us!! Stop robbing us all! 😂😂😂
What energy ? Only the wealthy will be able to afford it. As for the rest of us we'll just have to wrap up and hope to stay warm enough till summer.
Look at how the energy bill breaks down for utility providers. They are charging for things they no longer have to, bill payers are funding green energy so we should have lower bills. We pay for it.
Nothing we are just making the richest in society richer so if am right we will import our oil and gas and leave a bigger footprint on global warming importing if and make ourselves poorer in the process while other nations bigger than us keep on drilling for such a small island our footprint is minuscules compared to the billions in china Russia India America and the rest of Europe and us 65 million like a grain of sand on a beach
idea of nationalizing north oil was given to conservatives, cud have easily done it and reduced gas prices and made billions by exporting
She hasn’t a clue what she’s talking about. “Generate energy” says the energy minister. Totally ignorant. Energy is used to generate power.
Sounds like they're trying to build a power grid I don't know if it means they what with the power grift or if they're going to become a new Power grid And she probably actually one of the people who actually knows where the power grid is no one knows where he is
So solar panels don't generate energy? Or windmills? The energy would be electricity?
Bit different to what I assumed, but still good.
I hope we will get a nationalised energy company option in the future too.
Just do it yourself and take the profit to do it again. Stop wasting this on stupid incentives for the private sector. They had their chance they decided not to do anything.
Higher bills and taxes and the countryside destroyed, all in the name of net zero
Labour have created a white elephant that will be a black hole for U.K. public.
Deleting comments again.
It was filtered. No one deleted your comment.
It was deleted. Vanished. Removed. Scrubbed. Unpublished. Vamoose.
This lady is talking absolute CRAP.
Can't believe they killed off wolverine again😭😭
It is putting up £8b and hope to get £60b from private investment. No one invests money without control and a return.
They need the infrastructure for ev's and cheaper charging of them to make them more affordable especially with the inlfaated cost of servicing ev cars.
Hydrogen is still more environmentally friendly than ev cars.
Hydrogen has plenty of problems that might be hard to engineer away. It's hard to make in a way that is both economical and sustainable. It's also quite dangerous, so handling it requires a lot of safety precautions that raise the cost greatly. A leaky seal on your hydrogen car means your garage explodes, so it requires a leak monitoring and alarm system.
I heard that energy is suppsed to be going back down to how it was years ago,That be good news,I wont mind paying £20 per month again on gas and electric,Be much better of in employment
Labour. Lies, lies and more lies.
It means a whole lot of tax. Waste of money
labour is doing better than i thought
This is just plain rubish like most thing the clowns do it will cost a furtune and we will get the bill (as an electrical engineer this is just not possible)
How did the Scottish Government manage to do it?
Absolutly Nothing is what the Consumer will gain. Firstly is the Time it will take to build these things and upgrade the Cables and Grid maybe up to 20 Years. 2nd Well they will Generate the Power then sell it to a Energy Company. Thats Exactly the Problem we have now lmao. Then we have The Cost to build all this. Who is Paying For It. The Magic Money Tree or The People.
The plan is to eventually have a publicly owned retail energy provider in the long term
Tax the Crown Estate.
Dividends should be paid quarterly as we are owners of the company of the company. Nothing should go to the crown 😩
I'm not sure but I do remember taking a module back in uni about market research. Shouldn't energy companies be asked those questions and given those ideas before starting to invest and build GB Energy? I mean what if it is not a good idea for energy companies? What if it doesn't generate a lot of money for them? Why don't they do it themselves? This doesn't make sense at all, smells funny!
Sophy Ridge is asking good questions as if genuinely interested. Sarah Jones sounds as if she's only read the brief on part of GB Energy generation, as she doesn't mention PV on public buildings, nor answer the question about new build.
Inflaaaaytion !
Mit Mikki, Dicso Mikki
Lets take our essential services back.
5th attempt.
Nobody will be buying anything on a windless night.
True but that may mean Baked Beans sales may rise.
hmm windless night more small boats
Not as much of a problem as you'd think. It's always windy or sunny somewhere, and the UK has some good interconnects with plans to build more.
not much wind today good for the small boats not good for windmills
Great British bill ,
will be a Extra cold winter ❄🥶
Dont want an EV. Scrap the ban on ICE for good.
So were do the NPPs fit into this?
GB Energy will mean nothing for consumers. It will mean something for King Charles III, who will benefit from the monies that GB Energy will be paying the Crown Estate to build windfarms offshore.
GB Energy, providing that it will be large enough to influence the market, will help to bring down prices to the consumer, forcing the cartel operation of the privatized energy companies into properly competitive pricing.
Why is the reporter trying to trip her up constantly? Give them a break, they have been in office for a few weeks and have already shown massive changes. Maybe sky news should make a change and take a positive attitude into interviews rather than consistently negative.
So we still have the middle man adding there costs and mark up to the electricity - so no difference at all, still have the 3rd party investing in the infrastructure wanting a whopping fat profit, where's the saving coming from?
Quite simply offshore wind is 60% cheaper than gas, onshore wind is 75% cheaper. 60% of UK electricity is generated by burning gas, and the market is currently regulated in favour of the gas producers, end the gas dependency and even with mark ups bills will be significantly cheaper than they currently are.
it'll be intreseting to see if she comes clean about toe £50 a year elecrtic bill to run your Free Smart Meter, as the new consumer units house a 20watts per hour wi-fi unit. ??????
It's not anywhere near twenty watts.
Great news. It is a good start for Labour.