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Trying to freeze utility prices - can a labour supporter please explain how?
Comments
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Profits at the big six energy companies have shot up 74 per cent since 2009 – dwarfing inflation’s rise of 13 per cent.
British Gas, E.On, EDF, npower, ScottishPower and SSE have enjoyed a £3.3billion surge in profits as households have been hit by a 29 per cent rise in bills.
Profits from the groups – which provide energy to 98 per cent of homes – rose from £2.15billion in 2009 to £2.22billion in 2010, £3.87billion in 2011 and £3.74billion in 2012.
The typical domestic dual fuel bill now stands at £1,420 a year, compared with £1,100 in May 2010, according to regulator Ofgem
poor old energy firms- not
Sometimes companies profits can shoot up... but if it is from a low base it doesn't mean that they are making excessive profits, if profits are cyclical then some year s they will be higher than others - if they were low every year then companies would not cover the capital investment so they would stop investing...not a recipe for success in power provision I would say.I think....0 -
Its amazing how a selfish tory can care so much about the future of the country:rotfl:Yes, the control of the party that Brown's clique of Milliband, Balls & his wife has, puts Labour in a far weaker position than they should have been. It gives the other parties a very easy way to attack them in the run-up to the next election: put simply, you know exactly what you'd get from Labour if they got in because it'd be the same Labour party that were ousted in 2010. Labour are banking on people being literally too stupid to realise/remember that these are the self-same individuals who created the policies that bankrupted the country. Hopefully people will not be that stupid.
It's interesting that Labour have abandoned all pretence of being "New Labour" now. Prior to that makeover they were basically unelectable. Astonishing that they've chosen to go back to the tactics of Kinnock etc. Shows just how devoid of ideas they are.
http://ukpollingreport.co.uk/
The energy companies have been ripping us off for years but so many on here are happy to carry on taking it from their 'betters'. Why can't some people grow a pair?0 -
Why not freeze wholesale prices as well? that is where the real money is made.0
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grizzly1911 wrote: »Funny whenever I plug my reducing utilisation into the comparison web sites the price always goes up.
When your already have efficient utilisation it is difficult to continually reduce or the economics don't stack up. No doubt I could fully insulate the floor of my house to generate a 1% return.
Replacing expensive energy efficient bulbs at 16% of their advertised life expectancy is doesn't exactly warm the cockles either. I guess yours last the full 8 zillion hours hours and more.
My last offspring has now disappeared to Uni so at least there should be some respite for a few years.
No doubt the champagne corks were popping in the uni halls.Official MR B fan club,dont go............................0 -
No doubt the champagne corks were popping in the uni halls.
Quite possibly with the financial support being provided."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Profits at the big six energy companies have shot up 74 per cent since 2009 – dwarfing inflation’s rise of 13 per cent.
British Gas, E.On, EDF, npower, ScottishPower and SSE have enjoyed a £3.3billion surge in profits as households have been hit by a 29 per cent rise in bills.
Profits from the groups – which provide energy to 98 per cent of homes – rose from £2.15billion in 2009 to £2.22billion in 2010, £3.87billion in 2011 and £3.74billion in 2012.
The typical domestic dual fuel bill now stands at £1,420 a year, compared with £1,100 in May 2010, according to regulator Ofgem
poor old energy firms- not
You obviously no little about running a business.
Mind you nor do the current crop of politicians.0 -
Hard to know who nulabor supporters hate more. The loss-making companies like banks & car manufacturers that need to be bailed out or the profit-making ones like energy companies etc. You'd think it'd occur to them at some point the stupidity of hating both companies who make a loss and companies who make a profit. It never will of course, just as those same people would never dream of creating some jobs themselves, they just like to endlessly complain about the people who do.
There really are some dim people about.0 -
CEO of E.On, Tony Cocker has launched a broadside to Milibean...Tony Cocker wrote: "Successive governments have collected taxes for different schemes through energy bills and this has added extra pressure and is a factor in why bills have risen over a sustained period of time.
"All politicians, from all sides, need to acknowledge that fact. At a stroke you could remove a large cost from energy bills simply by moving these costs to general taxation."
While Mr Miliband insisted his plans were "good for business", former Labour minister Lord Digby Jones described them as "a return to ideological, tribal socialism".
"The market, if it's failing, is failing because of the sheer cost of investing in sustainable energy which Ed Miliband, when he was energy secretary, told the private sector to do.
"So if the market is failing at the bottom end, he created this," he said.0 -
grizzly1911 wrote: »Whether it is typical or not, providing they are comparing apples and apples and the same consumption the observation stands.
If Ofgem can;t make head or tale of profit margins and profitability what chance the consumer?
I'm not disputing the average bill size but commenting that most people could reduce the size of their bill with little or no investment. Why have so many people still never switched? They either think the savings are not worth it or can't be bothered. It's a doddle.
If the average consumer can't be arsed to spend 15 minutes (max) reducing their bills I doubt they're worried about the complexity of company margins.0
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