John Wright Posted October 15, 2021 Share Posted October 15, 2021 6 hours ago, Andy Onchan said: I thought IOMG and the GMP forked out for the last lot of major infrastructure?? Loan, repaid, as I recall. Quote Link to comment Share on other sites More sharing options...
Bazza Smurf Posted October 15, 2021 Share Posted October 15, 2021 2 hours ago, James Blonde said: Bazza, I'm surprised you have gone so easy on Manx Gas. They have done you no favours over the years, wouldn't you prefer to see them nationalised and IEG gone for good? Gone easy? Is this a trick question? I've just started another petition to push for an investigation into promised refunds/rebates. Regarding the second part. Truthfully I don't know if it's actually possible or that easy. It would make sense in many ways to do that though considering the Government (us) own the greater and more technical part of the infrastructure. I don't share the same anger and resentment that many do. I sit in the middle, stir shit, wait for fallout and repeat. Only the Government hold the answer here. I just hope they do their homework. 2 1 Quote Link to comment Share on other sites More sharing options...
floors4u Posted October 16, 2021 Share Posted October 16, 2021 14 hours ago, Bazza Smurf said: Gone easy? Is this a trick question? I've just started another petition to push for an investigation into promised refunds/rebates. Regarding the second part. Truthfully I don't know if it's actually possible or that easy. It would make sense in many ways to do that though considering the Government (us) own the greater and more technical part of the infrastructure. I don't share the same anger and resentment that many do. I sit in the middle, stir shit, wait for fallout and repeat. Only the Government hold the answer here. I just hope they do their homework. I just hope they can take their heads out of their arses , and really fight for the gas customers . These greedy fuckers need a bloody nose , why should they be protected from making losses for a while? Everyone else has been hit hard of late , yet these lot are crying for a 28% increase to guarantee they break even? Bollocks 2 Quote Link to comment Share on other sites More sharing options...
finlo Posted October 16, 2021 Share Posted October 16, 2021 25 minutes ago, floors4u said: I just hope they can take their heads out of their arses , and really fight for the gas customers . These greedy fuckers need a bloody nose , why should they be protected from making losses for a while? Everyone else has been hit hard of late , yet these lot are crying for a 28% increase to guarantee they break even? Bollocks To guarantee they continue to make a big fat profit more like. Quote Link to comment Share on other sites More sharing options...
Bazza Smurf Posted October 16, 2021 Share Posted October 16, 2021 1 hour ago, finlo said: To guarantee they continue to make a big fat profit more like. That's not what was explained to me. 27.5% is needed just for a break even point. Strangely enough however that an increase of 27.5% is calculated as far as I know for wholesale prices to be costing approximately 250p per therm. Days after the 27.5% increase was drafted up, wholesale price went up over 400p per therm. Luckily however the price has come down now to approximately 250p and is expected to stay about there for the short/mid term future. The 27.5% increase is provisional. Provisional is a great word. It has so many possible meanings. I could argue it means the first of many more. Anything can happen to be honest. There are no winners here.. Quote Link to comment Share on other sites More sharing options...
Bazza Smurf Posted October 16, 2021 Share Posted October 16, 2021 (edited) I am catching up with family next week. I am gutted I am not sitting in the Tynwald gallery for the debate. It would have been interesting to watch the elected leaders considering a 27.5% increase on the very people that put them in that position. Edited October 16, 2021 by Bazza Smurf Spellcheck. 2 Quote Link to comment Share on other sites More sharing options...
Max Power Posted October 16, 2021 Share Posted October 16, 2021 The whole extended situation is ridiculous. We are still very much dependent on gas and there is gas in the surrounding seas, yet Britain buys its gas from volatile markets! Virtue signalling to the hard of thinking climate brigade? 2 Quote Link to comment Share on other sites More sharing options...
doc.fixit Posted October 16, 2021 Share Posted October 16, 2021 On 10/15/2021 at 11:23 AM, Happier diner said: That's correct. I think that its almost all been paid back, unlike the cost of the Station Doesn't that actually mean that whilst paying for gas and therefore making a profit for the gas company we actually paid the loan back ourselves? Quote Link to comment Share on other sites More sharing options...
John Wright Posted October 16, 2021 Share Posted October 16, 2021 2 hours ago, doc.fixit said: Doesn't that actually mean that whilst paying for gas and therefore making a profit for the gas company we actually paid the loan back ourselves? Yes, that’d be the same, in effect, whether they raised capital by issuing shares, or debentures, or borrowed commercially. The government loan was over a longer period and at a lower rate than the market. Whats your point? Quote Link to comment Share on other sites More sharing options...
Happier diner Posted October 16, 2021 Share Posted October 16, 2021 2 hours ago, doc.fixit said: Doesn't that actually mean that whilst paying for gas and therefore making a profit for the gas company we actually paid the loan back ourselves? Who else is there to pay for it but the people that use the gas. Isn't that the same the world over? Quote Link to comment Share on other sites More sharing options...
doc.fixit Posted October 16, 2021 Share Posted October 16, 2021 28 minutes ago, John Wright said: Yes, that’d be the same, in effect, whether they raised capital by issuing shares, or debentures, or borrowed commercially. The government loan was over a longer period and at a lower rate than the market. Whats your point? My point is that talk of Manx gov or MU or any other entity, 'paying it back', very conveniently hides the fact that it is the GMP that are supplying the cash 1 Quote Link to comment Share on other sites More sharing options...
doc.fixit Posted October 16, 2021 Share Posted October 16, 2021 28 minutes ago, Happier diner said: Who else is there to pay for it but the people that use the gas. Isn't that the same the world over? It is, yes. Quote Link to comment Share on other sites More sharing options...
John Wright Posted October 17, 2021 Share Posted October 17, 2021 12 hours ago, doc.fixit said: My point is that talk of Manx gov or MU or any other entity, 'paying it back', very conveniently hides the fact that it is the GMP that are supplying the cash It’s a sub set, the consumer Quote Link to comment Share on other sites More sharing options...
Ramseyboi Posted October 17, 2021 Share Posted October 17, 2021 15 hours ago, doc.fixit said: My point is that talk of Manx gov or MU or any other entity, 'paying it back', very conveniently hides the fact that it is the GMP that are supplying the cash Plenty of people who have never paid a penny to Manx Gas. Thousands in fact. 2 Quote Link to comment Share on other sites More sharing options...
cissolt Posted October 20, 2021 Share Posted October 20, 2021 Just bringing this into the main manxgas thread. Mua made 1.1million buying gas for manxgas. Lower purchases of gas for Manx gas sounds to me like the MUA supply gas to Manx gas. Quote Link to comment Share on other sites More sharing options...
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