Member Info for RWP53

Maybe stalled because of Labours plan to create a new British Energy

I wonder what the share price of this company would be if it wasn’t for the constant government intervention and the prospect of a Labour government in the near future?

Hello, what are MM Pigs and how do they operate? An explanation would be greatly appreciated

They need a rebrand and change the company name just as National Power had to do before being taken over by RWE who are anonymous in the UK media

https://www.standard.co.uk/news/uk/ofgem-britain-green-energy-british-gas-shell-b1028327.html?amp

Hopefully they find lots of gas

That’s is excellent news, I thought that part of Spirit had been sold

Sadly they no longer have an interest

Does Centrica still in a 25% stake in Curdrilla? If they do that could be very profitable now the fracking ban is lifted. I cannot see why this share is not well over £1 with nuclear pricing, increased customers and a lucrative deal to return Rough field. All positives

I think I read somewhere the profit per customer is £6 only. Can anyone confirm?

Interestingly Questor in the Telegraph today goes against a consensus of Buy and states it’s time to sell! Any views on this?

Is this true?

Too politically sensitive to pay dividends at the moment, those fiendish companies like Centrica etc. people are ignorant of the reality of supply and like an easy target to blame

HomeServe seem to be doing very well on a similar business without the supply margin

How has Centrica caused the energy crisis? Explain your comments

I would think the gas caverns near the Humber estuary would by used for carbon capture as VPI, Drax and some smaller partners are progressing this already. VPI are making a very large investment

They will probably invest profits in returning Rough to a storage facility in conjunction with some government subsidy and possible Hydrogen conversion. Good for the long term along with investment in better customer interface by the number of complaints although I find the service to be first class.

Article from the FT
Perhaps now is a good time to revisit your articles from September 24, 2013 (“Cold gas tests sangfroid”, Lombard, and “Centrica cancels plans to build two gas facilities” Report).

The then (coalition) government decided to rule out subsidies to support a £240m investment by Centrica to build two gas storage facilities. Apparently the government “said there was no case?.?.?.?the UK energy market functioned well”. Really? Clearly, serial incompetence and bad judgment are not the sole preserve of the Johnson administration.

That’s 15 pence a therm I should say

That’s a very good point, the gas contract has been very expensive, a good opportunity to level things up (I have heard that somewhere) I used to run a gas power station in England and when we signed the gas contract we felt a little hard done by at the cost…… it was 15pence a share. That was a 15 year contract in 1995 on a take or pay agreement. Happy days