Timeline for Does an “average-sized” power station pay over a quarter billion pounds per day when unable to generate electricity?
Current License: CC BY-SA 4.0
13 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Oct 4, 2022 at 21:00 | history | tweeted | twitter.com/StackSkeptic/status/1577403189284032514 | ||
| Oct 4, 2022 at 10:57 | comment | added | IMSoP | @WeatherVane I think it reads fairly naturally: the article centres on various statements made by Ofgem, including some directly to journalists, and some made in response to concerns from the industry it regulates. So the section begins from Ofgem's point of view, then details SSE's concerns (the next sentence begins "SSE is concerned that"), before giving a direct statement from them, and moving onto statements from RWE and the government department. | |
| Oct 4, 2022 at 7:45 | answer | added | Danila Smirnov | timeline score: 3 | |
| Oct 4, 2022 at 0:22 | comment | added | Nate Eldredge |
There is an older convention in finance that an m suffix on a number means thousand (from Latin mille) instead of million (which in that style is denoted MM). The BBC's style guide says that m should mean million, but it's possible their source meant thousand and someone misunderstood. So conceivably the amount is only £276 000.
|
|
| Oct 3, 2022 at 22:38 | comment | added | Weather Vane | @IMSoP my main point was that the response to SSE seems to be reported before their proposition | |
| Oct 3, 2022 at 21:53 | comment | added | IMSoP | @WeatherVane The company has been branding itself as "SSE", with no official expansion, for more than a decade; just as the UK bank formerly known as "Midland" has always been "HSBC" or "HSBC UK", never "The Hong Kong and Shanghai Banking Corporation". | |
| Oct 3, 2022 at 21:07 | history | edited | days of love iff good genes |
edited tags
|
|
| Oct 3, 2022 at 21:01 | history | edited | days of love iff good genes | CC BY-SA 4.0 |
added 60 characters in body
|
| Oct 3, 2022 at 20:11 | comment | added | Weather Vane | The first mention of SSE is in "Ofgem wrote a letter in response to SSE, which operates four gas-fired power stations in the UK that produce electricity." From its link it seems to be "Scottish and Southern Energy". But it is not until a few paragraphs later that the context is given: "SSE said that an averaged-sized power station could face charges of around £276m a day if it is unable to generate electricity." My guess is the report is a poorly crafted cut & paste job. | |
| Oct 3, 2022 at 19:50 | comment | added | Dan Romik | If anyone wants to dig deeper into this, here are some additional links I found: letter from OFGEM (doesn't mention the £276m number), pages explaining imbalance pricing: 1, 2. | |
| Oct 3, 2022 at 19:48 | comment | added | Dan Romik | ... However, the £276m and £475m in the slide presentation do not come with a clear time unit, so it could be per day, per month, per year etc. This could well turn out to be a reporting error. | |
| Oct 3, 2022 at 19:47 | comment | added | Dan Romik | Another version of the BBC article that appears here mentions the same £276m/day figure, also adding "This could rise to £475m for a larger plant." These two figures of £276m and £475m seem to be taken from this slide presentation related to this proposal from the energy producer SSE. | |
| Oct 3, 2022 at 18:14 | history | asked | Tim | CC BY-SA 4.0 |