Here\’s the CEO of Centrica talking about shale gas.
But there are strong reasons for seeing the shale gas phenomenon as largely confined to the US, at least for some time.
Centrica is going to get its arse handed to it if that is their attitude to shale gas.
New long-term supply contracts would underpin that investment.
No, you really don\’t want to be signing long term fixed price contracts when you\’re on the very edge of a technological revolution.
Short term share prices are a random walk, I\’m not a stock broker, all that jazz. But if they\’re this complacent about the largest change in fossil fuel supplies since the original North Sea discoveries then this isn\’t a company I\’d want my money in.
And isn\’t this interesting?
But there\’s no uncertainty about the range of other costs which together make up about half the average domestic energy bill in the UK. So-called \”non-commodity\” charges rose by nearly 9% last year and will continue to increase well into the future, largely as a result of sensible government policies to make sure we have a sustainable energy market in the decades to come.
These costs include charges for the transmission of gas and electricity, the installation of smart meters in every UK home, huge investment in low-carbon power generation, and big energy efficiency programmes. The government estimates that the UK needs to invest a total of £200bn by 2020 to decarbonise its power industry and ensure that the lights stay on.
50% of your power bill is the crap that government addds to it. Should give the fuel poverty campaigners a target to aim at…..