British Steel to be nationalised?

Electricity is 8.5p per therm in Sweden and typically 25p here.

Partly die to the marginal pricing model used in the UK, where electricity is priced at the cost of the highest producer used.

We also use a lot of electricity produced from gas, which is an expensive way to produce electricity.

Everything connected with electricity seems more expensive here and someone in the system is making a lot of money out of the end users.
 
It's pay-back time for the opium wars and burning of the summer palace. The dildo of consequence does not come lubed.
 
JackG said:
Shameful from whom? The government isn't going to listen to the opposition. This is purely presentational.
Click to expand...
There is an urgent debate to discuss British Steel and not even half of the opposition have bothered to turn up.

The shadow Business Secretary seemed more concerned with going to work on a Saturday than any real concern about Scunthorpe and the wider issues the closure of British Steel would cause.

Are you suggesting that Governments with large majorities shouldn't be held to account by opposition? That's a really dangerous road to go down.

Every single MP should be there whether they are Government or opposition. The fact the majority of opposition can't be bothered to turn up should speak volumes.
 
Redwurzel said:
Electricity is 8.5p per therm in Sweden and typically 25p here.

Partly die to the marginal pricing model used in the UK, where electricity is priced at the cost of the highest producer used.

We also use a lot of electricity produced from gas, which is an expensive way to produce electricity.

Everything connected with electricity seems more expensive here and someone in the system is making a lot of money out of the end users.
Click to expand...
Sweden also uses marginal pricing.
 
CG85 said:
I maybe being very simplistic here. But, if we nationalise it can't it be sold at cost to the government for infrastructure processes? AS it a government controlled entity selling to the government it doesn't need to make a profit.

A lot of the costs i.e. energy and staff costs will be going back to the government in PAYE, NI and taxes on the energy.

At least we have our own steel production for government projects. Helps protect us a little bit against potential shifts in the market. We've seen the turmoil Trump has caused with tariffs recently
Click to expand...
Scunthorpe is losing £700,000 per day. "Sold at cost" would cost us a fortune.
 
Scrote said:
We used to call them "Strategic Industries". It's not clinging to the past - it's protecting the future.
Click to expand...
Aye as steel making was “high tech” then, few could do it, now it’s low tech and everyone can donit. The strategic industries of the future are data, data centres, making chips (not the deep fried kind), renewable energy etc.

There will always be plenty of places to buy steel, far cheaper than we can ever make it. We meed to focus on the things others can’t do yet.

The most strategic thing we could do is rejoin the EU, or not have left in the first place, but because we’ve left doesn’t mean we have the funds to nationalise everything we struggle with.
 
Andy_W said:
Aye as steel making was “high tech” then, few could do it, now it’s low tech and everyone can donit. The strategic industries of the future are data, data centres, making chips (not the deep fried kind), renewable energy etc.

There will always be plenty of places to buy steel, far cheaper than we can ever make it. We meed to focus on the things others can’t do yet.

The most strategic thing we could do is rejoin the EU, or not have left in the first place, but because we’ve left doesn’t mean we have the funds to nationalise everything we struggle with.
Click to expand...
That's not what "Strategic Industry" means. You need steel to build ships, tanks, guns etc. and as an island nation we'd be susceptible to blockade in the event of war.

You can argue newer tech also qualifies but there's no substitute for steel in the short to medium term and so steelmaking remains a strategic industry.
 
MolteniArcore said:
Take today for example, only 25% of our electricity was produced via gas, so why should 100% of the price be ruled by what the gas price is?
Click to expand...
Another person who doesn't understand how generators are paid,

Today, 12/04, the wholesale price is about £82.4/MWh. All generators supplying the grid will get this but those in the renewable sector will get additional payments to bring the price paid up to their contract strike price.

These are the strike price ranges depending on which round they were involved in & what type of generation it is

Pre AR1 £211/MWh - £226/MWh
Round 1 £120/MWh - £124/MWh
Round 2 £87/MWh - £112/MWh
Round 3 £60/MWh - £63/MWh
Round 4 £73/MWh - £131/MWh
Round 5 -----------------
Round 6 £77/MWh - £211/MWh

According to a government paper published in October 24 there are no round 3, 4 or 6 projects online (2.3 GW of round 3 has been terminated as the price is unsustainable) so the cheapest current available rate is £87/MWh which is above the average for gas generation across 2024 and above todays price.

In the last seven years they have received net £8.9 billion in payments on top of the wholesale price. This goes on our bills.

This is without adding in the very high cost of RO & FIT prices or the extra costs of having to balance the grid.
 
Can’t help but feel really sad about this.
It’s good that the people of Scunthorpe get to continue making steel.
It’s important to make our own steel.
But why are we just realising this now we are down to our last blast furnace.
 
You must log in or register to reply here.
Back
Top