Derek Louden

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Derek Louden

Derek Louden

@LoudenDW

Former SNP Highland Councillor for Tain & Easter Ross, All tweets promoted by Derek Louden, 1 Station Road, Tain IV19 1HX

1 Station Road, Tain, IV19 1HX Katılım Mart 2014
1.9K Takip Edilen870 Takipçiler
Derek Louden
Derek Louden@LoudenDW·
Wow, a day with no gas burned in Scotland's to generate electricity - but all of Scotland's customers charged the higher gas-fired electricty price. Only independence will end this lunacy. Don't let this go on any longer.
National Energy System Operator@neso_energy

Yesterday #wind produced 52.1% of GB electricity, more than nuclear 17.1%, solar 10.2%, imports 8.8%, gas 8.4%, biomass 3.2%, hydro 0.0%, *excl. non-renewable distributed generation

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Derek Louden
Derek Louden@LoudenDW·
@neso_energy Despite these numbers - which are great to see - the wholesale price is still determined by the gas price - the most expensive plant connected to meet demand. OFGEM must break this link. It must do so now.
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National Energy System Operator
National Energy System Operator@neso_energy·
Yesterday #wind produced 61.2% of GB electricity followed by nuclear 12.8%, imports 8.3%, solar 7.2%, gas 7.0%, biomass 3.5%, *excl. non-renewable distributed generation
National Energy System Operator tweet media
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Derek Louden
Derek Louden@LoudenDW·
Gas used in Highland Scotland to generate electricity = zero. %age of Highland wholesale electricity price based on gas = 100%. "fairness" demands we pay the gas price when we don't use it to generate ANY electricity. Now the gas price is doubling. We can break this link with gas in an independent Scotland. OFGEM won't in the UK.
National Energy System Operator@neso_energy

Yesterday #gas generated 29.8% of British electricity followed by wind 23.6%, imports 17.2%, nuclear 11.8%, solar 10.2%, biomass 7.4%, hydro 0.0%, *excl. non-renewable distributed generation

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Derek Louden retweetledi
National Energy System Operator
National Energy System Operator@neso_energy·
Yesterday #wind produced 54.2% of British electricity, more than gas 17.3%, nuclear 11.3%, biomass 7.9%, imports 7.8%, solar 1.4%, *excl. non-renewable distributed generation
National Energy System Operator tweet media
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Derek Louden
Derek Louden@LoudenDW·
We didn't burn any carbon in the Highlands - but because of the crazy single UK wholesale market we pay the price of the most expensive kit connected to meet demand. If we don't use gas we shouldn't be paying for it. We won't in an Independent Scotland.
National Energy System Operator@neso_energy

Yesterday #wind generated 51.7% of British electricity, more than gas 14.5%, imports 13.1%, nuclear 11.7%, biomass 7.9%, solar 1.0%, hydro 0.0%, *excl. non-renewable distributed generation

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Derek Louden
Derek Louden@LoudenDW·
Support "It’s Scotland’s Energy" – the campaign for lower energy bills. We can and we will bring bills down with Independence: snp.org/campaigns/ener…
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Derek Louden
Derek Louden@LoudenDW·
@TalebMoment @PJTheEconomist Could you add another box to each of the green ones on the right hand side saying "recession"? It's like the 1930's never happened. Unaffordable national debt interest and tax rises don't make for economic growth.
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Paul Johnson
Paul Johnson@PJTheEconomist·
Yep. Just increasing a bunch of smaller taxes on banks, capital gains, landlords, etc risks real economic harm. Combine with sensible reform and we could end up with a better system
Helen Miller@HelenMiller_IFS

I sound like a broken record, but it’s still true that.. The more the Chancellor wants to rely on lots of little taxes, the more important it is that she also reforms those taxes so that they are fairer and less damaging to growth.

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Derek Louden
Derek Louden@LoudenDW·
@PJTheEconomist Brexit was an act of national self-immolation. Markets are regulated in the interest of monopolists not customers. Spend on National Debt Interest is unaffordable. BofE QT is loss maximising. OFGEM Electricity prices are cost maximising & uncompetitive. Crisis? What Crisis?
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Paul Johnson
Paul Johnson@PJTheEconomist·
I’d prescribe a strong scotch after reading this. I’d not heard before the idea that we are not so much an emerging economy as a submerging one..
Jagjit S. Chadha@jagjit_chadha

There is a rather wretched feeling about the UK economy. Good to chat with @szupingc and @Tim_Wallace. But you may need a strong coffee before reading the piece. We desperately need a plan...please. @CamEcon @MMF_research @econromesh @AntonMuscatelli telegraph.co.uk/business/2025/…

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Derek Louden
Derek Louden@LoudenDW·
For people working in High Street banks the future is very uncertain. My town is about to lose its last one. Meanwhile in The City it's doubles and triples all round - again. #myft:notification:instant-email:content" target="_blank" rel="nofollow noopener">ft.com/content/1da216…
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Derek Louden
Derek Louden@LoudenDW·
Interest on the National Debt rose from £30Bn to £100Bn a year. No-one talks about this as a cause of the "Black Hole". We seem to be playing a national game of "don't look over there, look over here". We're paying a higher rate than other countries.
Paul Johnson@PJTheEconomist

Political problem is that much of additional spending, which requires that record tax take, which we do feel, has no obvious benefit to most of us. Debt interest spending most obviously. And most don’t feel benefit from defence spending or eg disability benefits and social care.

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Derek Louden
Derek Louden@LoudenDW·
On Wednesday #gas produced 0.0% of Highland electricity - but we paid for it anyway. This has been going on for years. People are sick of a UK market where generators earn excessive profits and domestic and commercial customers suffer.
National Energy System Operator@neso_energy

On Wednesday #gas produced 48.2% of GB electricity followed by wind 24.3%, nuclear 9.1%, biomass 7.7%, imports 7.2%, solar 3.4%, hydro 0.0%, *excl. non-renewable distributed generation

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Derek Louden
Derek Louden@LoudenDW·
All of the energy used to produce electricity in Scotland on this day was low-cost and carbon-free. Gas we didn't use set the price. OFGEM's pricing isn't cost reflective and it must end. Only independence can change this. The UK never has and never will.
National Energy System Operator@neso_energy

Yesterday #wind produced 64.6% of GB electricity followed by gas 11.5%, nuclear 8.8%, imports 7.8%, solar 6.0%, biomass 1.2%, hydro 0.0%, *excl. non-renewable distributed generation

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Derek Louden
Derek Louden@LoudenDW·
@PJTheEconomist Government is spending more than it is taking in from taxes. To fill the gap it must borrow or tax more. Post COVID 30yr gilts carry a 5% coupon. HM Treasury could borrow if allowed from the Bank of England at a lower rate. The City shouldn't soak HMT 'til the pips squeak.
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Paul Johnson
Paul Johnson@PJTheEconomist·
Indeed. Even in its own terms MMT would not, I think, imply we can print more money today. Inflation is sticky, one reason we pay more for our debt, and is key constraint. History is littered with wishful thinking that there are no constraints. There just are.
Oliver Kamm@OliverKamm

I hadn’t noticed that the replies to @PJTheEconomist are dominated by the weird MMT idée fixe, which is definitely not the answer.

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Derek Louden
Derek Louden@LoudenDW·
Britain can't go bust. As a sovereign country with its own currency it chooses to borrow expensively on the bond markets. It could borrow from the Bank of England at whatever lower rate it chooses whenever it wants to. Bye bye "black hole", hello growth.
Stephanie Kelton@StephanieKelton

Empty pockets?

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Derek Louden
Derek Louden@LoudenDW·
@_KateForbes @ScotParl I'd have liked you to stay - but that would be selfish. I flicked through the comments. Facing that every day & smiling isn't easy. Best of fortune in the next year & with whatever you choose to do next.
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Derek Louden
Derek Louden@LoudenDW·
@ScotNational 3) FTI's study had £27Bn in avoided infrastructure cost from Zonal. octopus.energy/press/market-r… 4) high usage customers should locate here to reduce everyone's bills 5) If there's no possibility of REMA reform within the UK, then Scotland's only route to lower bills will be to leave.
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Derek Louden
Derek Louden@LoudenDW·
What can we do instead? 1) Decoupling the Scottish electricity price from gas would be a start 2) DESNZ could allow community-owned power access to the grid. A recent change: neso.energy/news/streamlin… allows connections without a TIA up to 5Mw in England but only 200kW in Scotland. That's 1/25th the rate in England
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The National
The National@ScotNational·
Labour energy minister Michael Shanks has admitted Scots would have seen their energy bills cut with zonal pricing, but claimed introducing the scheme wasn’t worth the 'trade-off' #Echobox=1752225352-1" target="_blank" rel="nofollow noopener">thenational.scot/news/25306303.…
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Derek Louden
Derek Louden@LoudenDW·
@PJTheEconomist Spend on servicing the National Debt is up a lot. Bankers with bonuses will see the benefit in this. For the rest of us this comes at a cost in areas such as the NHS.
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Paul Johnson
Paul Johnson@PJTheEconomist·
As chart shows spending started increasing v fast under last govt. Odd to claim “we’re ending austerity”. “Conservative plans” v similar to apparent Labour plans from manifesto. Both manifestos were works of fiction. Spending is up a lot. But some depts will get cuts on Weds
Torsten Bell@TorstenBell

We’re ending austerity - the chart

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Derek Louden
Derek Louden@LoudenDW·
Great to see the Highlands thriving on low-cost Carbon-free electricity. But we're still paying for gas. Why?
National Energy System Operator@neso_energy

On Thursday #wind generated 54.5% of GB electricity followed by nuclear 16.8%, imports 7.7%, solar 7.7%, gas 6.9%, biomass 6.5%, hydro 0.0%, *excl. non-renewable distributed generation

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Keşfet

@neso_energy @TalebMoment @PJTheEconomist @ScotParl @ScotNational @elonmusk @BarackObama @taylorswift13