The Lords have just about that much power and no more, correct.<quoted text>
They have enough power to reject the House of Common's attempt to reform (in other words, to make them elected offices).
So- in case anyone is keeping track- I was right when I said a) UK is a monarchy b) most of the Parliament is appointed and c) the monarch can dismiss the Parliament
UK is a CONSTITUTIONAL monarchy, and the only really powerful House of Parliament is elected - the Commons. Further, the Monarch no longer has the power to dismiss Parliament:
Not sure why you want to pretend Britain is only a "monarchy" or that it's not also a parliamentary democracy, but that's your problem. You seem weighed down with the LEGAL rights of the Monarch and willing to ignore how British government works in a practical sense.