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Renationalisation of Energy
Lord_Baltimore
Posts: 1,348 Forumite
in Energy
What are your views on renationalisation of the industry?
The annual scrabble for 'best' deals is underway when it seems to me that there's a fag paper between what the Big 6 cyclically offer and smaller companies, with limited bulk purchase clout, offer probably unsustainable offers.
Should we as consumers be subject to individual and divisive negotiations for our annual supply of energy by private companies whose singular raison d'être is huge profit?
If we renationalised, at least it would be the Treasury getting paid over which we have some control and it may mean some people will be less petrified about boiling a kettle let alone heating their home.
The annual scrabble for 'best' deals is underway when it seems to me that there's a fag paper between what the Big 6 cyclically offer and smaller companies, with limited bulk purchase clout, offer probably unsustainable offers.
Should we as consumers be subject to individual and divisive negotiations for our annual supply of energy by private companies whose singular raison d'être is huge profit?
If we renationalised, at least it would be the Treasury getting paid over which we have some control and it may mean some people will be less petrified about boiling a kettle let alone heating their home.
Mornië utulië
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Comments
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Silly idea, when it was nationalised, like other industries, there was very little investment in them because all the dosh spent showed up in the as debt run up by UK gov
Chancellors do not like this, and of course if any profit goes to Uk gov it is a nice cash cow for milking, Road Tax, or whatever name it now goes by, anyone?
Plus of course every politician, many of whom one would not trust to run a whelk stall, would want to poke their fingers in the running of itGardener’s pest is chef’s escargot0 -
How would the government take over the supplying (as in bill producing) companies ? It can't confiscate them and can't afford to buy them out.0
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Gulp! Just realised I can't pursue this theme without sounding Corbynite
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I was being altruistic but pride has to come before that!Mornië utulië0 -
Silly idea, when it was nationalised, like other industries, there was very little investment in them because all the dosh spent showed up in the as debt run up by UK gov
That's demonstrably wrong, if you look at the history of the CEGB it had a strong record of investment, with large scale investment in power generation through into the 1980s.
While EdF and current governments dither over new nuclear, the CEGB was cutting ribbons and starting up new nuclear power stations ever couple of years.
Like all organisations it had its faults, but under investment wasn't one of them.0 -
If you're scrabbling for the best deal today op, forget it. I fixed late October for two years!0
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That's demonstrably wrong, if you look at the history of the CEGB it had a strong record of investment, with large scale investment in power generation through into the 1980s.
While EdF and current governments dither over new nuclear, the CEGB was cutting ribbons and starting up new nuclear power stations ever couple of years.
Like all organisations it had its faults, but under investment wasn't one of them.
The main reason for push to nuclear at the time was they were a handy, covert way, to supply fissionable material for H bombs. Sort of a wolf in sheeps clothingGardener’s pest is chef’s escargot0 -
It's so nice of you to be thinking of me but no, I'm not.Blackbeard_of_Perranporth wrote: »If you're scrabbling for the best deal today op, forget it. I fixed late October for two years!
The cost of energy is however quite a problem for some people and my thoughts are with them.Mornië utulië0 -
That will never happen. Johnny foreginer has bought most of it..Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
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The problem seems to be British companies in general rather than power companies in particular.
The solution would seem to lie in ensuring that companies are not dominated by financial institutions, but instead by the people who actually own them - mostly people saving for their pensions.
The interests of the customers and of the principal owners are really much the same. And all these complex pricing schemes are only of interest to spivs in the City.0 -
As per #10 many of our utilities are now foregin owned via investment houses. They love our utilities because they can extract a good return via regulated income that YOU the customer is paying,they extract the value, load them up with debt, asset strip them then sell them on when they have no further use for them.
http://www.thisismoney.co.uk/money/news/article-3611509/Australian-bank-selling-share-Thames-Water-rinsed-firm-millions-saddled-debts-dodged-tax-created-250m-pensions-black-hole.htmlFeudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
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