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Mike Foster
@mikefosterEUA
CEO of a trade body representing the energy and utilities sector.. No virtue signalling here but occasional blunt truths.
Kenilworth, Warwickshire, UK
Joined November 2011
Posts
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    Just for interest I’ve run cost comparison gas boiler v heat pump using average Agile tariff. Even accounting for higher efficiency of HP, heating bill more than doubles. From £442 a year to £989. An expensive way to save 1.6tonnes of carbon (£345 per tonne).
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    So average investment £13,000 to save £187 a year. Payback period, 70 years. Sure, that’s a compelling investment (not). #SnakeOil
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    I’m pretty sure I remember seeing a claim that heat pumps will be price equivalent of boilers by April 2022. Did someone miss the memo, or mislead the public?
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    Good job we have all this renewable power! “Let’s now put all our heat demand onto the electricity network”, said nobody sensible.
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    So advice was to say no to UK produced & tax gas, but yes to imported Qatari gas, with a higher carbon footprint. Is the CCC fit for purpose?
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    Biomethane powered tractor is true by-product of circular economy. Cheaper to run than diesel and cleaner too.
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    Yes, he definitely said this. “Not ready for mass market; too expensive & consumer offer not where it should be.” The same CCC boss that wants us all to have them, but uses a gas boiler himself (he also said that today). Time to wake up & smell the coffee.
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    The lifestyle of most people is so far removed from this example, it actually harms the call for greater levels of energy efficiency in the home.
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    Replying to @lewis_goodall
    Keep pressing Lewis. Important that justice is done. And when you have finished, take a look at another external cladding injustice. Fishwick estate, in Preston. 300 homes with poorly fitted insulation- misery for homeowners & a remedial bill of £millions.
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    I’m old enough to remember when Ministers made claims that yesterday the ⁦@NAOorguk⁩ clearly debunked. The House of Commons was misled, inadvertently in this case. Who should blamed?
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    Not pretty. Just ran the monthly running cost comparison between gas boiler & heat pump, using price cap data. There is a carbon saving 👍but look at the financial impact on consumers. An extra £270 a year to run a heat pump. This is not a product for low income families.
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    “Let’s electrify everything”, looks the stupid argument it always was.
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    So we don’t have enough electricity; not enough installers; they cost more to buy; cost more to run; need to upgrade the wires to the home; need new radiators (⁦@BBCJustinR⁩ forgot about hot water cylinders); but they are the answer? We need H2 & HPs
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    A gas boiler costs 7p per KWh. I’ll just leave it there for others to consider.
    National average pricing for @OctopusEnergy Agile Tariff: Thu 03-03-2022 Min: 35.0p (00:00) Max: 35.0p (00:00) Avg: 35.0p Avg Excl Peak: 35.0p Cheapest 4hrs: 35.0p Peak 4pm-7pm: 35.0p Fixed Tariff: 37.8p Get graphs & pricing for all 14 UK regions at energy-stats.uk