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Shouold Osbourne have included a further tax on Energy companies in his plans

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Comments

  • Mr_Mumble
    Mr_Mumble Posts: 1,758 Forumite
    If by energy companies you mean the energy utilities:

    Ofgem - Electricity and Gas Supply Market Report September 2010
    Our indicator of the net profit margin from gas and electricity supply has decreased slightly since our last report in June. It shows a net margin for supplying a typical, standard tariff, dual fuel customer of approximately £65 per customer for the year from August 2010, down from £70 in June.

    £65 profit on a product that is priced at roughly £1100 seems fair enough to me!

    A large chunk of the increase in utility bills has been thanks to surcharges for the windmills, the distribution infrastructure for this green tech and the costs to subsidise energy saving light bulbs.
    "The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.
  • damanpunk
    damanpunk Posts: 192 Forumite
    edited 22 October 2010 at 4:42AM
    Err, im working on a new project, oil rig in the north sea thats due to start up in the next 18 months and it will pay back in less than 2 years at current oil prices. But no, i dont think they should be taxed even more.... It'll only be passed on to the consumer at the end of the day

    Conoco Jasmine? Clair ridge?
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