Codner's Crackpipe
Active member
- Feb 25, 2005
- 184
Somebody on here probably knows about this stuff.
I was musing the other day how the up to now shithouse but quite mild winter has massively reduced my heating bill, and how extrapolating across the nation it must amount to a enormous reduction in demand. My economics A-Level (class of '92) tells me that (cetaris paribas etc) I should now expect the retail gas price to plummet. But before I reallocate the household energy budget to the giant scalextric set I've always dreamed of, is my wisdom FLAWED? Maybe the gas producers/extractors will reduce production thereby maintaining the price? Or maybe the gas retailers will [continue to] collude to maintain the retail price at the highest level they can just about get away with (even though I was led to believe that the introduction of competition into the energy markets was meant to prevent any such gubbins). Interesting questions I'm sure you'll agree. Questions that demand answers. Or fart jokes.
I was musing the other day how the up to now shithouse but quite mild winter has massively reduced my heating bill, and how extrapolating across the nation it must amount to a enormous reduction in demand. My economics A-Level (class of '92) tells me that (cetaris paribas etc) I should now expect the retail gas price to plummet. But before I reallocate the household energy budget to the giant scalextric set I've always dreamed of, is my wisdom FLAWED? Maybe the gas producers/extractors will reduce production thereby maintaining the price? Or maybe the gas retailers will [continue to] collude to maintain the retail price at the highest level they can just about get away with (even though I was led to believe that the introduction of competition into the energy markets was meant to prevent any such gubbins). Interesting questions I'm sure you'll agree. Questions that demand answers. Or fart jokes.