Energy suppliers

[addjunkie]

They made a loss of $20.4 billion in the first quarter of 2022and $10billion profit the second quarter, no wonder CEOs make so much being the god level business men they are to make a company failing in the tune of $80 billion dollar losses a year and turn it into a $40billion dollar a year profit! That's an effective annual increase of $120billion dollars!!!!!!! It's almost unbeleivable.....

This is driven by writing off losses grown from the exit from Rosneft in Russia. Then the rise in oil prices. I will reiterate with these large profits for oil companies….most of it is made overseas. But the media and lets tax the world politicians neglect to mention that as it doesn't suit there agenda.

 

[merryman]

I was talking to a customer today, local farmer who had put a load of solar panels up on his buildings. I said "you will be coining it in at the moment with all those panels and the weeks of sunshine" he said " I've made nowt, my energy supplier hasn't initialized the meter. I am exporting the electric but they are not paying for it" It seems it is down to them when they do it, and they haven't got round to it yet.

 

[julianf]

I was talking to a customer today, local farmer who had put a load of solar panels up on his buildings. I said "you will be coining it in at the moment with all those panels and the weeks of sunshine" he said " I've made nowt, my energy supplier hasn't initialized the meter. I am exporting the electric but they are not paying for it" It seems it is down to them when they do it, and they haven't got round to it yet.

I suspect, due to the accounting for input / output on the grid, its not his energy supplier that has benefitted at all. I think most "suppliers" need to buy into the grid the same units as they sell, or there abouts. If his supplier has not bought the units from him, they are not theirs to "sell" either.

 

[Kayos]

The reality though is many of us…the little man, normal people are the share holders….as its where pension plans are placed by “ institutional investors”

Pensions are about 2% of Bp and She'll, it's not as big as the govt and media make out

 

[addjunkie]

Pensions are about 2% of Bp and She'll, it's not as big as the govt and media make out

Direct share buys yes, but look at all the different funds that have oil and gas stocks, plus blue chip stocks of oil and gas supply companies.

 

[8ob]

I attended a very interesting site meeting on Friday, client wants a service laid some 150mts to a distribution point. The bean counters in their office have done some pretty comprehensive research into an alternative leccy supply. With the installation of a gurt generator running 24/7 which includes the purchase and four yearly replacement, maintenance package/contract and fuel there is with the current tariff they are on a £70k+annual saving. Probably more to save if they shut the genny down at night and used the grid.That's just plain wrong

Bob