Bouleversee wrote:
What, for instance, do you intend to do about Centrica (one of my big losers) given caps, Corbyn and the environment factor which will, I read this week, mean that gas cookers and boilers will be verboten in a few years' time? I haven't yet sussed out what the alternatives will be and how feasible and costly it will be to install them. Living in a much extended mostly single storey house, with two separate heating circuits, the mind boggles. Perhaps we should be buying shares in heat pump manufacturers or the likes of SSE, if the caps don't put us off and if enough electricity can be produced to cope with the demands of storage heating and electric cars but won't producing that cause just as many environmental problems as gas does? Is this another one the govt. hasn't thought through properly?
That's not what the climate change committee said. They said that there should be a moratorium on new connections to the gas grid at a date in the future, not that everyone should be forced to change who already has gas appliances installed. In my view its a very sensible suggestion if we want to reduce our production of carbon dioxide as it will reduce future gas as once appliances are installed there is a long lead time before they are likely to be replaced, it also is sensible as we are becoming more reliant on gas from abroad which may make security of supply difficult in the future. Of course we still have the fact that a lot of our electricity is produced from gas plant, so from a climate change perspective that will also need to be dealt with presumably replaced as it comes to the end of its useful life?
The answer to you final question will depend on the generation mix used to produce the electricity.
This off-topic part of the discussion moved from HYP-P to The Snug. - Chris
RS: Probably best to move this to Macro Topics.