UK Energy Prices - Guv Failing Again

Discussion in 'Finance, Property, Law' started by Tremaine, Jan 10, 2009.

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  1. The government has today been accused of failing to protect the poorest and most vulnerable from the highest energy bills in Europe. We are getting some of the coldest weather in years. Bills have gone up by an average of 40% since January last year, and prices are unlikely to fall until the autumn.

    There's enough evidence on the News and online to suggest that we are being heartily screwed, and the poor/elderly/vulnerable are at the front.
    They can't always search around for the best deals and some may need help to understand it all anyway.

    By failing to tackle the Energy companies, the Guv seems to be doing nothing to help poverty nor those affected by the credit crunch.
    Energy companies have denied they are profiteering from the crisis which has seen gas exported from the UK to Europe amid rising prices. Bollox.

    Unless you're on a social tariff, Energy companies often set monthly fixed payments far higher than we would actually use. Householders opting for Gas prepayment meters are charged at least £2.00 a day on average and Electricity costs mostly the same.

    Profiteering, greed and shameful exploitation by our Energy companies, and complacence again from Guv, it seems.
     
  2. Funny how utility bills in France haven't risen anything like those in Britain.
    Now we have sold off vast chunks of our energy industry to the French we must subsidise the French consumer.
     
  3. Nail, head, bang.

    "According to the Organisation for Economic Co-operation and Development statistics gas and electricity bills rose 29.7% in the past year compared with 15% in the rest of the European Union. You should not have an essential and vital service, like energy, provided with profit motivation. I think that the denationalisation of the energy companies is proving a failure. They are proving, like the banks, very hard to regulate properly, especially where the regulator is a dog without teeth." Source: robertkyriakides weblog
     
  4. But at least we can rest assured that our beloved market forces are thriving.

    Makes you proud to be British.
     
  5. msr

    msr LE

    Wrong - the French taxpayer is actually subsidising our electricity. Look how much they pay to EDF et al ;)

    msr
     
  6. EDF declared an operating profit of 4.677 billion Euros for 2007
    In 2007 French utility prices rose 15% in the UK they rose by 30%, we are getting porked wile the French pay less.


    http://uk.reuters.com/article/oilRpt/idUKPAC00926620080220
     
  7. msr

    msr LE

    And how much subsidy did they receive?

    Just look at the profits made by the rail companies it the UK.... and their subsidies.

    msr
     
  8. Bear in mind the French use a much larger proportion of nuclear power in their domestic energy mix... the price of which didn't go up during the oil price spike in mid 08...
     
  9. Energy suppliers overcharge and make obscene profits. It's life and death for some folks.

    "Since 1997, we have lost over 260,000 pensioners during the winter months because of cold related illnesses, yet the government seems incapable of acting. No other section of our society is so vulnerable and treated so badly. Pensioners see rising fuel bills and are constantly worried about whether or not they can afford to put their heating on."

    Guv and the Energy companies can all have that on their consciences. Rather them than me.
     
  10. msr

    msr LE

    And what solution are you proposing?

    msr
     
  11. Oh sorry you want me to propose a solution do you? Thought this was a Forum. I don't do solutions and I don't get paid for them either.
     
  12. msr

    msr LE

    Whinge away then, just don't expect anyone to pay any attention.
     
  13. Heads up- poster off message. MOD has spoken, let's box him off
    quick eh MOD? Well, we'll leave you to your little empire, sunshine.

    :wink:
     
  14. Meanwhile, back on planet Earth - where is this 'Arctic' weather of which they speak? It's -5 degrees, not -55 degrees, ffs. Just get a hot water bottle, job jobbed.