Centrica Chief Executive prepares to unveil turnround strategy: Centrica’s new Chief Executive Iain Conn is preparing a shake-up of the U.K.-based energy group that could pare back its struggling exploration and production arm, in an effort to restore profits growth and reverse a slide in its shares.
Unfortunately no savings to be made as I dont buy the mail. I do peruse the rags you mention on the tinternet. Most are sales things or advertisements anyway. Not sure who is a decent read these days anyway, even the Sun seems better.
Even old reads such as the Fool and Questor dont seem that clued up at times but sometimes there is a nugget of information you can pinch to add to the jigsaw of dyor
lunatic - groceries mortgages shares could be added to that list, I think it covers the average persons outgoings .... ok shares might be more personal
Cutting the subs might make sense now costs have come down but there are grandfather rights hence the push to complete before the deadline. Tidal, hidden from view might make some people happier but I hope they put them deep enough to avoid catching the keel of the odd boat. Lots of submerged objects never mind low tide.
wind farm investing . from a business sense I can,t argue with that . But I suspect now the subsidies are to be cut they will be less popular Myself im into Atlantis my shares are 30% up at the moment & thats before the mayfield project is up & running . Compared to wind it has to be a better bet there will be no need for National grid to be paying to have them shut down as was the case with wind last christmas. I Agree they could be put to good use pumping water & compressing gas. or producing Hydrogen to run vehicles on
As for wind farms they are too unreliable to be a serious power source ******************************************************************************** I thought it was providing approx 15% of our power but your correct it might not be exactly when we need it. Energy storage and moving demand away from peaks will be the way forward. Remember night storage heaters and cheaper night time lecky. I think we will see more of that such as charging our cars. Storage such as pumping water uphill or compressing gasses to drive generators later will help wind power.
Spending some time sailing, tidal could be useful and has lots of power and more stable and predictable but difficult conditions to work in at times. There were plans off Wales to do a large trial.
Well all tax payers support the poor but some get some credits childcare etc back. I dont know what the current amount is now that becomes neutral ie the balance point in earnings where the some of tax - credits etc is zero. Yes middle income pays but the top 1% pay 27% of the tax. Lets hope they stay here and get richer, well keep paying more tax anyway.
Until this is all sorted I will keep collecting my 6% plus RPI divis (tax free) from my windfarms and hope like everyone else my lecky bills get smaller.
After transferring some of these into the ISA wrapper yesterday I hold slightly less after I typed the wrong amount of shares in the buy side. I might have to add some more on a dip or monthly top up when I have more divi cash in the account but if it falls I will proudly boast that I intended to sell cos I'm a good investor and that my fat finger (or thin finger in reality) wasn't a mistake.
You make some valid points. the closing of our coal power stations is in my opinion premature & we could yet pay dearly for it apparently the idea is to shore up our supply with generating companies such as Alkane Energy As for wind farms they are too unreliable to be a serious power source we would be far better off investing in Atlantis Energy which is tidal power we are able to predict when the tide comes in & goes out unlike wind as for benefits its not just the rich who pay for them in fact after taking all the tax avoidance schemes into account I would say its the middle working class who are subsidizing the poor.
I agree with the sentiment of your post. I am in the camp of being one of those shareholders (UKW and TRIG) Meddling always has unintended consequences as you are pointing out. The carbon tax is another, the UK's is higher then the Euro zone. Was that to encourage a faster take up of greener energy? I bet it wasn't intended to close two of our biggest coal fired power stations before we had new generation in place. Ferrybridge has now closed and the spare capacity is reducing. Lets hope for a warm winter and no el nino ....... oh wait too late.
Of course the "rich" are subsidising the poor via the benefits system and that amount has been increasing. Maybe todays Queens speech might reduce that a tad and maybe this is another way of reversing it a tad more.
Would like to see the people who dream up these schemes come out and explain the anomalies. I suppose how green you are makes this a more of a good thing, more renewable's at any cost? It will be very green sat in the dark with no heating this winter. Good job I planted all those trees, might be chopping them down for firewood!
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