Should the energy industry be renationalised?

tberry6686

I don't see what difference it makes whether the parent company makes£1 or £1b. the fact is if the upstream side (production) is offered 10p for gas by the downstream side of the same company with another company offering 11p, upstream will sell it to the company offering 11p.

The supply and production companies are run as separate entities when it comes to selling their wares.

Production is vastly more profitable than supply (at least in gas - no idea about electricity) as the price is set by the markets and varies hour by hour. It is also a lot riskier as well though.

Road_Hog

Southend1 wrote: »

With all the price hikes and accusations of profiteering, I'm wondering whether people think we'd be better off if the industry was renationalised.

The price hikes are to do with green taxes, nothing else. Gas wholesale prices are the same as they were 7 years ago. Retail is up 50% over the same period.

Cameron's father in law gets £1,000 per day from energy subsidies. The last chairman of the government climate change committee had to stand down, because he was getting paid by the climate change companies. The current replacement chairman is also being investigated fot the same reason.

Lots of people are getting very rich off of green taxes and subsidies. They tell you it is good for you, just like they say immigration is good for you. A certainly is good if you're an employer, because wages stagnate.

The cost of gas and electricity is extortiante these days. 10 or 15 years ago it didn't even future of the horizon, now it is a major monthly bill.

Southend1

Road_Hog wrote: »

The price hikes are to do with green taxes, nothing else. Gas wholesale prices are the same as they were 7 years ago. Retail is up 50% over the same period.

Cameron's father in law gets £1,000 per day from energy subsidies. The last chairman of the government climate change committee had to stand down, because he was getting paid by the climate change companies. The current replacement chairman is also being investigated fot the same reason.

Lots of people are getting very rich off of green taxes and subsidies. They tell you it is good for you, just like they say immigration is good for you. A certainly is good if you're an employer, because wages stagnate.

The cost of gas and electricity is extortiante these days. 10 or 15 years ago it didn't even future of the horizon, now it is a major monthly bill.

Interesting point of view, do you have any figures to support?

If wholesale prices haven't changed then why do the suppliers consistently use this as a reason for retail price rises?

Road_Hog

Southend1 wrote: »

Interesting point of view, do you have any figures to support?

If wholesale prices haven't changed then why do the suppliers consistently use this as a reason for retail price rises?

Yes, see post 105 and the attached link.

https://forums.moneysavingexpert.com/discussion/comment/63445897#Comment_63445897

You can't get any more direct than the House of Commons energy review.

The public has been systematically lied to, by governments and corporations about global warming, that are makng a mint from the industry.

Google, Clinategate, Climategate II and Climategate III.

Government climate change committee chairman, resigns because he had his finge rin the pie.

http://www.bbc.co.uk/news/uk-politics-22844988

And what happens to his replacement?

Oh yes, he's under investigation as well.

http://www.thegwpf.org/lord-deben-accused-misleading-parliament/

And then of course our PM's father in law is raking in a mint from climate change.

thistledome

What Road_Hog has posted is often dismissed as "internet conspiracy theory nonsense" or coming from "tin hat brigade", but the more I look into such things the more I realise that we are all being conned and bled dry by the people with the real power.

Not Cameron or Obama or Putin, but the people who pay these ambitious men before they achieve office and subsequently have bought the right to tell them what to do. Big business owns them all.

What do you do when you realise that people are getting cancer from the wireless technology products that you sell and make billions from worldwide? First of all you hush it up (don't listen to the tin hat brigade on the internet! They're loons!), then you have your own people installed in positions of power. See Obama's "choice" for head of the FCC:
http://www.newyorker.com/online/blogs/johncassidy/2013/05/tom--wheeler-federal-communications-commission.html

Remember the tobacco companies using similar tactics in the 20th century?

None of this is new, what's new is that we now have the internet to share information with our peers. The powers that be have their own internet propaganda to counter it with, but it's up to you to do your own research and your own thinking.

If you think this is all stuff made up by internet weirdo's I would urge you to watch the documentary "Hot Coffee", which will explain how big business in America is eroding people's constitutional rights for monetary gain, buying judges and politicians and generally brainwashing the population into accepting anything that big business wants.

Sorry to go off on a rant, but this stuff is important and it's gone too far to go back to the old days of Nationalisation. These global corporations won't give up their wealth and power. In fact, they want more. Russia's wealth was stolen from the people by a few oligarchs and China is next to be looted by big business.

When people say that we looted Iraq for the oil, they don't mean "we" the people. They mean big business.

This isn't new btw, Oliver Cromwell committed Regicide and took power in this country using the money that his european financial supporters gave him in exchange for allowing them into this country to make money from the populace. (Didn't you ever wonder how a modest gentleman farmer with no great fortune to speak of was able to stage such a coup?)

nashly

Can our government set up a non profit power supply company to force the other companies to lower their prices ?

Road_Hog

thistledome wrote: »

What Road_Hog has posted is often dismissed as "internet conspiracy theory nonsense" or coming from "tin hat brigade", but the more I look into such things the more I realise that we are all being conned and bled dry by the people with the real power.

Not Cameron or Obama or Putin, but the people who pay these ambitious men before they achieve office and subsequently have bought the right to tell them what to do. Big business owns them all.

it's all true. Governments are run by powerful individuals and large corporations. Central banks are privately owned. Google the Federal Reserve Bank of America. The BOE is privately owned, it is owned through the Bank of England Nominees. Here is what Wiki says about the BOEN.

"Bank of England Nominees Limited was granted an exemption by Edmund Dell, Secretary of State for Trade, from the disclosure requirements under Section 27(9) of the Companies Act 1976, because, “it was considered undesirable that the disclosure requirements should apply to certain categories of shareholders.” The Bank of England is also protected by its Royal Charter status, and the Official Secrets Act."

Strange that, that a supposedly State owned business has shareholders kept secret by the official Secrets Act and a Royal Charter. And for those still not convinced, the BOE is the printing press of Britain. If it were State owned, then why would the government need to borrow money and have a huge debt, when it could just print (electronically) some more money?

There are only 4 countries left in the world that have State owned central banks, they are Syria, Iran, North Korea and Cuba. Guess who we're going to war with in the future?

A few countries that had State owned banks, up until the last 10 years. Libya, Iraq and Afghanistan.

Have a look.

The Central Bank of Libya (CBL) is the monetary authority in Libya and enjoys the status of autonomous corporate body

Libya's central bank is a corporate instituition.

http://en.wikipedia.org/wiki/Central_Bank_of_Libya

But should we look back to just before the Arab Spring, we can see that it was State owned.

http://en.wikipedia.org/w/index.php?title=Central_Bank_of_Libya&oldid=418675939

Southend1

nashly wrote: »

Can our government set up a non profit power supply company to force the other companies to lower their prices ?

Interesting idea. I suspect the private energy companies would accuse government of using unfair practices and soon put a stop to it though

tberry6686

nashly wrote: »

Can our government set up a non profit power supply company to force the other companies to lower their prices ?

Of course they could although looking back at government owned industries from the past they were all either very expensive or ran at a massive loss.

Southend1

tberry6686 wrote: »

Of course they could although looking back at government owned industries from the past they were all either very expensive or ran at a massive loss.

Yet train fares would be 20% lower if the railways were renationalised.... http://www.bbc.co.uk/news/uk-politics-22700805