BC GOVERNMENT
Saved by @Mollyycolllinss

Finally found the time to digest the Energy White Paper properly. Here is the slowest hot take ever (thread).

TL;DR: The WP (rightly) mainly focuses on progressing some chunky tech decisions. It also reveals several emerging faultlines that still need to to be resolved...

 Big clean power tech delivery: delighted to see moves on nuclear, CCUS, offshore wind (inc. floating), building on announcements in the 10-point plan. We are going to need a bucket-load of low carbon power. So moving into negotiations with EDF on Sizewell very welcome step.
Progress on CCUS, particularly industrial clusters (already announced in 10-point plan) is also excellent news. Politics and industry now much better aligned than 5 years ago when second competition canned. Positive also to see BECCS feature, a potentially important technology.
The commitment to greater openness in modelling is also a real shift that will lead to better policymaking. As the White Paper said: "[Ensure HMG models/data are] open to all and trusted by the department and wider stakeholders." Geeks of the energy world rejoice...
This includes once again publishing clear information on prices and bills (I confess I may have played a part in its disappearance). Think tankers should be happy (I ruthlessly mined it for stories/papers when @Policy_Exchange)
And finally in the unmitigated good column, the recognition of how 'pervasive digitalisation' will transform the sector. The work of the Energy Data Taskforce has helped accelerate this quiet, but essential change @Laura_Sandys @RD_ESC https://t.co/Af11APZucp
So to the first of the faultlines in the Paper -- will the future power markets be decentralised or centralised? This is not about decentralised tech vs big sources of power, like nuclear. This is about whether decisions are made, as far as possible, in markets or in Whitehall.
The drift since 2008 has been towards mechanisms where central Government makes lots of decisions (CFDs, Capacity Mechanism, FITs), even if there are competitive processes to allocate them. This has delivered significant reductions in cost of capital, and therefore tech costs.
Should we continue that drift, or should we try and get more investment decisions made by market actors outside of Government-backed contracts? You can almost feel the White Paper wrestling with this tension....
"We will also be asking about the broader evolution of the electricity market... We will seek a balance between options for further reform of the market with maintaining the success of the CfD in deploying low-cost renewables at scale." Bet that sentence took some drafting....
Other parts of the Paper are more forward-leaning on flexibility and local market signals, and there is a lot of pressure to get DNOs to create 'standardised flexibility products', with the threat of legislation if progress too slow.
So how to resolve this tension? There is a Call for Evidence on the evolution of CFDs/future market design. This will be a big debate in the coming months, which the White Paper appears to open up. Many, perhaps most, inc. Helm Review, on the side of centralised decisions.
We @EnergySysCat plan to publish soon, arguing for a change of direction. We think the potential of 'flexibility', the impact of high penetration of renewables and digitalisation means the whole CFD, CM structure needs to be re-examined. EMR2.0 anyone? https://t.co/JbYY56yYZA
The second faultline is over the future of the retail market. Is it simply all about switching, as it has been for the past few years (the White Paper seems to double down on with its opt-in/opt-out switcherama)?
Or do create a new vision for a much richer, perhaps more serviced-based energy supplier model, where the more forward-leaning companies seem to be heading? Someone to sort out your EV, smart home, low carbon heating etc....
One line that hints at a different paradigm is: 'We will assess what market framework changes may be required to facilitate the development and uptake of innovative tariffs and products that work for consumers and contribute to net zero.' Industry/consumer engagement promised.
Will Government ever get comfortable with the idea of suppliers making profits again? If it does not, energy supply risks continuing as a low innovation sector, when we need it to drive smart home innovation needed for Net Zero (EVs, heat, energy efficiency etc etc).
Local vs national. Decarbonising heat and transport are specific to different geographies, much more than power. But White Paper is cautious on the need for sub-national reform, inc. institutional. Positive language is buried and perhaps trapped in 'community energy' approach....
'And some local communities are coming together to establish their own approach to managing energy demand in their areas. Smart local energy systems are community-based initiatives which bring together a range of energy issues... to reduce emissions in an integrated way.'
This is all important, but a long way off what is needed, (including from Ofgem in price controls). Some thoughts here: https://t.co/OOHOXzKfXP
Buildings. Main action to come in Heat and Buildings Strategy, but positive signs. Recognition that gas and power prices are out of kilter, and need for regulatory approaches (appearing to start with off, rightly, with public sector, off gas grid and commercial buildings).
Lots of other excellent stuff about UK ETS vs carbon tax, interoperability, and intriguing signals on institutional and code reform (but more consultations rather than clear decisions)...
So, overall, the White Paper reveals a Government getting on with some big, urgent infrastructure decisions, but still grappling with how it will all fit together.
That issue gets more urgent and encompasses future market design, digitalisation, interoperability, finance etc etc. Oh yeh, and people.... Systems approach, perhaps? https://t.co/FgAuGMgEJo
You can read all 170-odd pages of it for yourself here: https://t.co/uGEeAVe8ut

More from Government

Vallachian Rex
Vallachian Rex
@VallachianR
Thread:

Here is a wake up call for those Republicans who believe we're going to take back the House in 2022 and the Presidency in 2024:

You will never win another election in the next 50 years.
The election fraud system perfected by the Democrats and their Deep State agents planted by the Obama cabal was put in place before the 2016 mid term and it is working perfectly.

It worked in 2016 when the GOP lost the House despite Trump being at the height of his popularity and the economy roaring back to life after 8 long years of depression;

It worked in November 2020 when Biden, an elderly man suffering from dementia was declared the winner with 1.5 million more votes than the young, charismatic and energetic Democratic Party political rock star Obama ever had cast for him in both elections he won;

And it worked in 2021 in GA run-offs, after the GOP candidates who were in the lead all day, they got defeated after vote dumps that happened after the counting closed for the day in a repeat of the scenario that happened during the Presidential election.
GOVERNMENT
SandeepParekh
SandeepParekh
@SandeepParekh
How does a government put a legislation on 'hold'? Is there any constitutional mechanism for the executive to 'pause' a validly passed legislation? Genuine Koshan.


So a committee of 'wise men/women' selected by the SC will stand in judgement over the law passed by


Here is the thing - a law can be stayed based on usual methods, it can be held unconstitutional based on violation of the Constitution. There is no shortcut to this based on the say so of even a large number of people, merely because they are loud.


Tomorrow can all the income tax payers also gather up at whichever maidan and ask for repealing the income tax law? It hurts us and we can protest quite loudly.

How can a law be stayed or over-turned based on the nuisance value of the protestors? It is anarchy to allow that.
ALL , GOVERNMENT
Advertisement
President-Elect Catswhiskas
President-Elect Catswh...
@Catswhiskas2
Ok. I began this journey because of Pizz'gat3, deehate cabal, Trump etc. Now it has led to RH- bloodtypes, (of which I am one). This is another rabbit hole, and suddenly close to home. Joining the dots of info I have read so far, other RH- stories and my own history (pt1)

-putting aside all of the theories of Nephilim, reptilians, aliens, etc. I think I was an experiment as a child. I was adopted by a military person and had an extremely traumatic and abusive upbringing. Watching trans videos has made me remember how I was forced to dress (pt2)

in boy clothes as a child. My hair was always cut off short. My sister wore all of the pink clothes, long hair & ribbons. I had the blue, the dungarees, the shit hacked off hair cut, and was given marbles, train sets, and racing cars to play with. I was effectively a tomboy (pt3)

This remained with me through to this day. I am still largely interested in male activities. But I did get ridiculously into pink and all girly things, to the point of now being awake and realising it is childish and mkultra programming. I was sexually and physically abused (pt4)

I also wonder, as I have medical issues and was given meds my whole life and only ever visited military hospitals & medical healthcare in my childhood, what meds was I given? I do have an extremely strong physique for a female. It is often commented on how unnatural it is (pt 5)
GOVERNMENT , TRUMP
BLMChicago
BLMChicago
@BLMChi
A lot is happening in Chicago. Mayor Lori Lightfoot Emanuel gave over 65% of CARES Act money to CPD. Today, the Office of Inspector General released their report on the uprisings where it is revealed how Lori is directly responsible for the brutality.

Page 55 documents how during the May 30th protests, CPD refused a person their seizure medication, watched them collapse and threatened another detainee with violence if they moved, presumably to assist the person having a seizure. Footage then records a cop threatening rape.


When Lori demanded the bridges be raised, it forced CDOT to call off duty employees. This was a move they were surprised to receive since it is rarely done. The raising of bridges was considered during the NATO protests in 2010 and was ultimately rejected as ‘ineffective’.


The raising of the bridges created the conditions where police battered people including lifting one person by his neck and throwing him to the ground before dragging him through horse manure.


In the same footage as the person having a seizure, CPD responds to another officer saying they should “shoot the occupants of the vehicle in the head”.
GOVERNMENT
Dr. SpoonyT DNP, MSN/Ed
Dr. SpoonyT DNP, MSN/E...
@SamWitherspoon4
What should have been enough for @GOP @LeaderMcConnell @LindseyGrahamSC @ChuckGrassley but seem to make up excuse after excuse

What should have been enough: Charlottesville should have been enough. Then Ukraine. Then Covid failure. Then Attack on our Capitol. If you don’t #LeaveTheGOP then you have no moral compass

What should have been enough
Federal civil rights VIOLATIONS at Trump properties

WHAT should have been enough
The Central Park Five should have been enough

What SHOULD have been enough
Birtherism should have been enough.
GOVERNMENT

You May Also Like

Aditya Todmal
Aditya Todmal
@AdityaTodmal
A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
OPTIONSLEARNINGS , OPTIONSBASICS , OPTIONSLEARNINGSSARANGSOOD
WAKE UP AUSTRALIA WAKE UP
WAKE UP AUSTRALIA WAKE...
@WakeAustralia
Facebook originally a CIA program called "LifeLog".
LifeLog, via DARPA, terminated on Feb 4th, 2004.
Facebook was launched on Feb 4th, 2004.
Many of the LifeLog team became execs at FB.
Zuckerberg is a figurehead.
CIA allowed Cambridge to help Trump win

https://t.co/enzOXDCogV


Pentagon Kills LifeLog
BUSINESS
Advertisement
Sam
Sam
@SamKhan999
This day was inevitable. Indian Muslims always lived in La La Land. They bad mouthed real well wishers & slept with the enemy who never considered them as part of them. In Gulf, Indian Muslims were busy with Javed Akhtar & Sonu Nigam. Never interacted with South Asian diaspora

Now when Indian Muslims are thrown to wolves it’s Pakistani & Bangladeshi Muslims with whom they kept distance are the only ones feeling their pain. None of the people who they invited for Eid Milan. Qawali & Mushaira are there for them. Such people invoke wrath upon themselves

Indian Muslims never spoke for Kashmiri Muslims. Distancing from separatist was understandable but we never even bothered to highlight their human rights violation & rapes carried out by forces. We could have sent them humanitarian help we didn’t. Our silence made us complicit.

When Sania Mirza married Shoaib Malik it was something legal. A Muslim married another Muslim. Entire Hindutva media went after her. They launched a witch-hunt for months. No Indian Muslim stood by her. All were silent. Now days come when Muslims are arrested for marrying a Hindu

Indian Muslims particularly the elite downplayed communalism in India by saying it will pass or Hindu majority is good. Fringe are bad. They misguiding others. Muslims were always others. Indians were happy to see Muslims sing & dance & eat their food but never considered as own
INDIA
Max Fagin
Max Fagin
@MaxFagin
November is here, and that means a massive shift is coming. And by "massive" I am of course referring to the redefinition of the kilogram unit of mass that the world has been building up to for more than 100 years. Let me explain:


1/ I've had an unhealthy fascination with metrology (the study of measurement) ever since my 2nd year as a physics major when I took a class devoted to duplicating historic physics experiments, so please indulge me for going into heavy detail (get it?) about the kilogram.

2/ So what actually *defines* a unit of measurement? If you're American, you probably know a mile is 5280 feet and a foot is 12 inches and an inch is 2.54 centimeters etc. But where does this chain of definitions end? Is it turtles all the way down?

3/ It's actually not! For all units (even the imperial units used in America) the answers all end with the Système International (SI) unit definitions established and maintained for over 100 years by the Bureau International des Poids et Mesures (BIMP) in France.

4/ At the base of this tower are the SI base units. Just 7 SI base units define every other unit in existence. They are:

Kilogram, kg (mass)
Meter, m (distance)
Second, s (time)
Kelvin, K (temp)
Ampere, A (electric current)
Candela, cd (luminous intensity)
Mole, mol (quantity)
SCIENCE
Anu Satheesh \U0001f1ee\U0001f1f3
Anu Satheesh 🇮🇳...
@AnuSatheesh5
Thirumalai Murugan Kovil
#Panpoli
#TamilNaduTemples 🚩

Thirumalai Murugan Temple is located in Tenkasi district of Tamil Nadu. Muruga is worshipped as Thirumalai kumarasamy. Temple is situated near Kerala border and known to be where Shri Murugan gave darshan to Rishi Agasthiar


Devi is worshipped in the temple as Thirumalai Kaali amman

Sthala Puranam says that, there was a priest named Poovanbhattar of Thirumalai Kaali amman. Murugar appeared in a dream of the bhattar and said to find a Vigraham, lying in particular place which is of Thirumalaikumaran


Bhattar conveyed the news to the Pandalam Raja and they went to find out the vigraham. Surprisingly ants showed the way to find the Vigraham. Thus Murugan vigraham was found and Prathista was done here. There is a lake with pure water on the top of the hill


which is said to be created by Agasthiyar. It is believed that kannaki of
Chilapathikaram visited here before going to Kerala. Sapthamathrukkal also worshipped Murugan here. Kanthashashti Thiruvizha is very famous here.

Om Muruga
Muruganukku Harohara
🙏🕉🙏
ALL