Energy Regulator to raise electricity prices for each of the next 4 years

[DCon]

Recession? What recession..


Struggling households will get no reprieve in their electricity costs, with annual hikes sanctioned for a further four years to compensate for the massive costs of grid connections for ‘green’ energy, The Sunday Business Post has learned.

Despite falling prices across most sectors of the economy, the energy regulator has sanctioned increases in ESB’s network charges totalling 16.7 per cent over the next four years.

It means a rise of 5.28 per cent each year from next October to cover the networks portion of the bill, translating to a hike of almost 2 per cent on the overall household bill for each year up to 2015.

This comes on top of a 5 per cent Public Service Order (PSO) levy added to bills last autumn and fuel price hikes forecasted for next year. Networks costs alone make up 30 per cent of the total electricity bill.

Some 2 per cent of the autumn PSO levy was linked to the added costs for energy companies of supplying wind and other renewable energy to the grid.

When combined with the latest increase, it means the shift to ‘green’ energy will add about €34, or 4 per cent, to the average yearly household bill of €870.


http://www.sbpost.ie/news/four-years-of-electricity-price-hikes-planned-53613.html

[C. Flower]

I'm not clear from that whether it will apply for industry or not.

[TotalMayhem]

That's just Eamon, 'helping and protecting the people'.

[Kid Ryder]

That's just Eamon, 'helping and protecting the people'.

We pay more for energy, while Shell and the rest of Big Oil get it for buttons.

Well done Éamon Ryan!

[youngdan]

Well done to anyone stupid enough to believe in global warming. Look in the mirror

[Sam Lord]

Well done to anyone stupid enough to believe in global warming. Look in the mirror

I note your absence hasn't improved your debating skills.

[People Korps]

I note your absence hasn't improved your debating skills.

Dont be goading posters!!!! , whereas the mini ice age may well be due to global warming , it is fair for people to make such a comment without debate after this year's weather in Ireland .

[Sam Lord]

Dont be goading posters!!!! , whereas the mini ice age may well be due to global warming , it is fair for people to make such a comment without debate after this year's weather in Ireland .

I doubt that youngdan needs you to make his responses for him.

[youngdan]

Just tell that to the families of the 5 people who frooze to death from global warming in Ireland. those carbon taxes are working, we have a blizzard here. keep paying through the snout

[Sam Lord]

Just tell that to the families of the 5 people who frooze to death from global warming in Ireland....

They probably did freeze to death as a result of weather changes brought about by global warming. It is very sad.

[People Korps]

I doubt that youngdan needs you to make his responses for him.

true but I feel that goading only leads to trouble when it comes from mods!!

[Sam Lord]

true but I feel that goading only leads to trouble when it comes from mods!!

It wasn't "goading" ... it was a friendly lookout. But thanks for your interest...

[DCon]

At least the Greens have not signed us up for one of these deals..yet


The Danish tax authority has been robbed blind by a carbon trading scandal that has rocked the market for carbon off sets: while the story saw some press a year ago, significantly higher losses have since been reported and the MSM has ignored the story.

The Danish Auditor General is on the case now as the scope of the crime has become obvious, and grown exponentially since it was first reported. Originally discussed as a quasi-small-time dollar scam, the reality a year later is a lot larger: Europol is estimating a value on the case of 38 Billion Kroners and the values seem to keep going up.


Connie Hedegaard, then the Climate & Energy Minister for Denmark is now the EU Climate Commissioner. While she was with the Danish government, she helped set up and manage a system where there were no background checks on the listings of permitted traders. This removal of identification was done even though the EU requires at least passport. This helped a group of fake, rogue traders set up a program that looted the Danish economy of up to 2% of its gross GDP in lost VAT taxes.

Here's How:

The Denmark CO2 permit registry was setup with extremely lax rules and regulations, possibly intentionally. In 2007, Ms. Hedegaard removed the requirement for identification and in a very short period of time traders figured out the loopholes and started to back up the proverbial truck. How? To put it simply: you could round robin CO2 credits, booking the VAT as a bonus each time.

What is painfully obvious is that over 1,100 of the 1,256 (or about 88%) of the registered traders listed in their system were bogusly set up for fraudulent activity. The traders have since been delisted as the scope of the crime becomes obvious.

The fake but registered traders used made up, unique addresses for their business: in one famous case, a trader was listed as trading out of a parking lot in London. In another, the trader took the name of a dead Pakistani national.

The fraud centered on the use of VAT as a mechanism to generate real non-taxed cash flow. An international trader would buy VAT free credits from one nation, and then resell them to a VAT added customer in a second nation, pocketing as much as 25% of the cost of the trade as a personal commission. The trader then kept the VAT difference in lieu sending in the VAT to the necessary tax system, effectively arbitraging the VAT system (See, e.g., Cap and Trade; Leaving Las Vegas, “The Hole You’re In”).

This trade was coined a “carousel” as the traders would re-export the credits, claiming the VAT only to reimport the credits and reselling them again with a new VAT assigned. They could wash, rinse and repeat booking up to a 25% VAT in the process each time.

http://www.zerohedge.com/article/denmark-gives-away-7b-usd-or-2-gdp-carbon-credit-traders

[wickedfairy]

They probably did freeze to death as a result of weather changes brought about by global warming. It is very sad.

very interesting documentary here Sam (great documentary site) on the theory that the Gulf Stream has shifted due the the amount of ice melting which has changed the saline content of the water which has............

http://topdocumentaryfilms.com/gulf-stream-next-ice-age/

[Sam Lord]

very interesting documentary here Sam (great documentary site) on the theory that the Gulf Stream has shifted due the the amount of ice melting which has changed the saline content of the water which has............

http://topdocumentaryfilms.com/gulf-stream-next-ice-age/

Thanks for the link.

[Baron von Biffo]

Recession? What recession..

http://www.sbpost.ie/news/four-years-of-electricity-price-hikes-planned-53613.html

It'll be worth it when we see the happy little faces of the wealthy buyers when the ESB is privatised.

[DCon]

It'll be worth it when we see the happy little faces of the wealthy buyers when the ESB is privatised.

http://media.tribune.ie/site_media/photologue/photos/2010/Jan/09/cache/johnny_ronan011886_display.jpg

or

http://i.telegraph.co.uk/telegraph/multimedia/archive/00881/money-graphics-2007_881531a.jpg

?

[wickedfairy]

yeah, I would say Starry might feature alright, if we let them that is.

[youngdan]

I just laugh at these global warming nutjobs now.

I predicted that this winter would see people freeze to death while still screaching about global warming and sure enough Sam did not disappoint. He is very predictable.

But I will ignore the fool. If the Paddies want to pay carbon taxes then let them fire away.

I would like to know how many idiots believe them though at this stage.

Are there still people dumb enough to believe the ice at the North Pole is melting. D o they think the artic air cools on the way down.

Seriously , how stupid is that.

Then you have the gulf stream shutting down according to others.

If these people had half a brain they could just check the temperture at Key West today.

that's right, a record cold.

http://www.weather.com/outlook/driving/interstate/map/USGA0028?bypassredirect=true&mapdest=US_Lows_Tonight:SE

how can one not just split my ass laughing

[People Korps]

http://media.tribune.ie/site_media/photologue/photos/2010/Jan/09/cache/johnny_ronan011886_display.jpg

or

http://i.telegraph.co.uk/telegraph/multimedia/archive/00881/money-graphics-2007_881531a.jpg

?

the bearded idiot other the getting kicked in the nuts by some model in Ranelagh is someone who I would like to see being fully investigated by the medja the loudmouth fat one is already being investigated.

All Nama guys like Rohan should be toughly and thoroughly investigated. Mind you he was a great hero in the Ireland of the 2000s ....the fool the fools the fools