4 ms·

Recent piece in critic magazine by Chris bayliss for example.

by mhh__ 5mo ago

ZeroGravitas 5mo ago
Oh I see where you've gone wrong then: https://www.desmog.com/2026/04/28/reform-donor-jeremy-hosking-partners-expands-fossil-fuel-portfolio-to-300-million/ https://www.desmog.com/2026/04/28/reform-donor-jeremy-hoskin... > A major right-wing political funder has dramatically increased his fossil fuel investments this year, DeSmog can reveal. > Jeremy Hosking, who owns the hedge fund Hosking Partners, donated £1.7 million to Reform UK between 2019 and 2024. The party, led by Nigel Farage, campaigns to scrap the UK’s flagship 2050 net zero emissions target, remove environmental protections, and turbocharge new fossil fuel extraction. > Hosking also owns The Critic magazine, which frequently attacks climate policies and supports new North Sea oil and gas exploration. Its current edition carries a cover story titled “The Green Myth: Fossil Fuels are Britain’s Real Energy Source”. ... > Its current cover story is written by contributing editor Chris Bayliss, who argues that renewable energy is unreliable and expensive. In a follow-up piece online, he blames “elite” support for net zero on “climate hysteria”. > Bayliss is a former civil servant who works in the energy sector in Iraq. He’s the Iraq Country Lead for IM Power, which runs liquefied natural gas (LNG), oil and coal power plants, offers “oil and gas refining, storage and pipeline solutions”, and works to “maximise value from hydrocarbon resources
- mhh__ 5mo ago
  Do you have any substantial counterargument beyond "you aren't allowed to think that"?
  - ZeroGravitas 5mo ago
    No, I'm hereby banning you from reading obviously biased sources of partisan information that has been repeatedly proven false by logic, reason and experience.
    - mhh__ 5mo ago
      > experience We have some of the most expensive energy in the world, what gives? I was told renewables were cheap Would you rather be biased or blind?
      - tialaramex 5mo ago
        > We have some of the most expensive energy in the world, Some of the most expensive fossil fuel energy in the world it's true. So, we should be striving to reduce that further, like Spain, right ?
        mhh__ 5mo ago
        We have already done that. Do you know why gas often sets the price?
        tialaramex 5mo ago
        Because it's the most expensive used generation almost always? But I'd actually be interested in seeing the underlying market data, even say for a week ago. Actually seeing the underlying offers really helps you to properly understand what the future looks like. For example, right now wholesale is about £70 per MWh. What did the underlying bids and offers look like to hit that price ? How much CCGT was available for less than £50 ? 10MW ? 100 MW? 1 GW ?
        mhh__ 5mo ago
        If it was the most expensive it wouldn't transact at that price, the price clears roughly to minimise excess demand i.e. gas is often the energy you can actually at a given time.
        tialaramex 5mo ago
        No, by definition the most expensive used generation did transact at that price because it's a clearing auction. You probably skimmed over what I wrote because it didn't conform to how you'd imagined this works and you mistakenly thought you understand. I expect that you've modelled this as a sort of "All or nothing" situation but of course that's not how it works for electricity, which is why the underlying data would be interesting. That "guts" of a market help you understand the meaning of the surface numbers like a wholesale spot price or a week-in-advance price. For example, you can see in the released data that spot prices can go negative without all the gas generation switching off. Some modest amount of CCGT will apparently pay money to the grid to stay running, sometimes for hours, despite lack of demand. Most of the gas goes away at negative prices, but some will still be there, so what's that about exactly ? My guess (which the underlying data would help confirm) is that generators bid their "tick over" generation at a low price, perhaps even a negative price, so as to rarely need to switch off the generator and pay the considerable shutdown/ startup prices, but bid a lot more at a high price which covers their fuel and other expenses. Do they also have a further tier of pricing for running the generator at some sort of "red line" less efficient but more productive rate? I have no idea, and without the raw data or an inside knowledge of their companies there is no way to know.

Recent piece in critic magazine by Chris bayliss for example.

by mhh__ 5mo ago

Recent piece in critic magazine by Chris bayliss for example.

Oh I see where you've gone wrong then: https://www.desmog.com/2026/04/28/reform-donor-jeremy-hosking-partners-expands-fossil-fuel-portfolio-to-300-million/ https://www.desmog.com/2026/04/28/reform-donor-jeremy-hoskin... > A major right-wing political funder has dramatically increased his fossil fuel investments this year, DeSmog can reveal. > Jeremy Hosking, who owns the hedge fund Hosking Partners, donated £1.7 million to Reform UK between 2019 and 2024. The party, led by Nigel Farage, campaigns to scrap the UK’s flagship 2050 net zero emissions target, remove environmental protections, and turbocharge new fossil fuel extraction. > Hosking also owns The Critic magazine, which frequently attacks climate policies and supports new North Sea oil and gas exploration. Its current edition carries a cover story titled “The Green Myth: Fossil Fuels are Britain’s Real Energy Source”. ... > Its current cover story is written by contributing editor Chris Bayliss, who argues that renewable energy is unreliable and expensive. In a follow-up piece online, he blames “elite” support for net zero on “climate hysteria”. > Bayliss is a former civil servant who works in the energy sector in Iraq. He’s the Iraq Country Lead for IM Power, which runs liquefied natural gas (LNG), oil and coal power plants, offers “oil and gas refining, storage and pipeline solutions”, and works to “maximise value from hydrocarbon resources

mhh__ 5mo ago
Do you have any substantial counterargument beyond "you aren't allowed to think that"?
- ZeroGravitas 5mo ago
  No, I'm hereby banning you from reading obviously biased sources of partisan information that has been repeatedly proven false by logic, reason and experience.
  - mhh__ 5mo ago
    > experience We have some of the most expensive energy in the world, what gives? I was told renewables were cheap Would you rather be biased or blind?
    - tialaramex 5mo ago
      > We have some of the most expensive energy in the world, Some of the most expensive fossil fuel energy in the world it's true. So, we should be striving to reduce that further, like Spain, right ?
      - mhh__ 5mo ago
        We have already done that. Do you know why gas often sets the price?
        tialaramex 5mo ago
        Because it's the most expensive used generation almost always? But I'd actually be interested in seeing the underlying market data, even say for a week ago. Actually seeing the underlying offers really helps you to properly understand what the future looks like. For example, right now wholesale is about £70 per MWh. What did the underlying bids and offers look like to hit that price ? How much CCGT was available for less than £50 ? 10MW ? 100 MW? 1 GW ?
        mhh__ 5mo ago
        If it was the most expensive it wouldn't transact at that price, the price clears roughly to minimise excess demand i.e. gas is often the energy you can actually at a given time.
        tialaramex 5mo ago
        No, by definition the most expensive used generation did transact at that price because it's a clearing auction. You probably skimmed over what I wrote because it didn't conform to how you'd imagined this works and you mistakenly thought you understand. I expect that you've modelled this as a sort of "All or nothing" situation but of course that's not how it works for electricity, which is why the underlying data would be interesting. That "guts" of a market help you understand the meaning of the surface numbers like a wholesale spot price or a week-in-advance price. For example, you can see in the released data that spot prices can go negative without all the gas generation switching off. Some modest amount of CCGT will apparently pay money to the grid to stay running, sometimes for hours, despite lack of demand. Most of the gas goes away at negative prices, but some will still be there, so what's that about exactly ? My guess (which the underlying data would help confirm) is that generators bid their "tick over" generation at a low price, perhaps even a negative price, so as to rarely need to switch off the generator and pay the considerable shutdown/ startup prices, but bid a lot more at a high price which covers their fuel and other expenses. Do they also have a further tier of pricing for running the generator at some sort of "red line" less efficient but more productive rate? I have no idea, and without the raw data or an inside knowledge of their companies there is no way to know.