Gas Prices

[roverstillidie91]

1 word

Renationalisation

[ncRover]

1 word

Renationalisation

Watch the Martin Lewis video. The government is practically paying everybody’s energy bills rich and poor at present.

Nationalisation won’t change the price of gas any more.

[normal rules]

Petrol now 1.47 a litre locally.

Is that supermarket prices?
Best at local petrol stations round here that I've seen is £1.69.9

Local Tesco and jet garage on the A17 east Heckington. Morrisons at Skegness too.
And the gulf garage on Boston rd horncastle is now 1.41.

[ravenrover]

Checked petrol prices £1.47.9 best I've seen round here

[drfchound]

Sainsburys and Tesco at Edenthorpe are both £1.419 per litre.

[roverstillidie91]

Checked petrol prices £1.47.9 best I've seen round here

I quickly pointed out to someone I was in the car with saying oh isn't that such a good price but then forgetting that it used to be like £1.15 a litre or something a year ago and realizing we are all still getting ripped off

[albie]

Ofgem now suggesting that gas prices need not rise as much as forecast in April;
https://www.standard.co.uk/business/business-news/price-cap-could-fall-below-ps3-000-from-april-ofgem-boss-says-b1054952.html

Now here's a thought.....as wholesale costs have reduced very substantially from the previous peak, how about reducing prices immediately, not in April.

The point is that the utilities are being allowed to continue making excess profits for the rest of the winter, when there is no justification whatsoever.

Don't hold your breathe for sense to break out!

[bobjimwilly]

1 word

Renationalisation

Watch the Martin Lewis video. The government is practically paying everybody’s energy bills rich and poor at present.

Nationalisation won’t change the price of gas any more.

If the UK owned it's own energy company of course they could lower prices for UK households. It's exactly what the French government did with EDF: https://www.theguardian.com/business/2022/jan/14/france-edf-cap-household-energy-bills

[albie]

Unite published research showing the eye watering figures the energy utilities are taking out of the economy;
https://www.unitetheunion.org/media/4920/uniteinvestigates-energysectorprofiteering.pdf

Taking these utilities in house would be a big step forwards in creating an energy sector fit for purpose in reducing fuel poverty while moving towards a decarbonised future.

Yet still we support these parasitic organisations with the means to extract from public funds....unbelievable!

[Filo]

I am with Shell energy, they claim to be 100% renewable, why is it my energy bills are that high if that is so?

[albie]

Filo,

The Unite report talks about Shell;
"These profits are being passed on to shareholders in huge dividends and share buybacks.
Shell intends to spend an astonishing £6.3 billion on share buybacks for its shareholders in 2022."

There you have it.
Don't forget this report was from August 2022, before the escalation in prices over the winter heating season.

Public ownership, because you can't tame a wild beast.

[Filo]

Filo,

The Unite report talks about Shell;
"These profits are being passed on to shareholders in huge dividends and share buybacks.
Shell intends to spend an astonishing £6.3 billion on share buybacks for its shareholders in 2022."

There you have it.
Don't forget this report was from August 2022, before the escalation in prices over the winter heating season.

Public ownership, because you can't tame a wild beast.

I agree, I’ve always said utilities should be public owned run for the public not profit for shareholders

[ncRover]

Ofgem now suggesting that gas prices need not rise as much as forecast in April;
https://www.standard.co.uk/business/business-news/price-cap-could-fall-below-ps3-000-from-april-ofgem-boss-says-b1054952.html

Now here's a thought.....as wholesale costs have reduced very substantially from the previous peak, how about reducing prices immediately, not in April.

The point is that the utilities are being allowed to continue making excess profits for the rest of the winter, when there is no justification whatsoever.

Don't hold your breathe for sense to break out!

Isn’t that because the gas they have now to supply was bought at the higher price? Therefore there will be a lag between wholesale cost and consumer cost.

[wilts rover]

Ofgem now suggesting that gas prices need not rise as much as forecast in April;
https://www.standard.co.uk/business/business-news/price-cap-could-fall-below-ps3-000-from-april-ofgem-boss-says-b1054952.html

Now here's a thought.....as wholesale costs have reduced very substantially from the previous peak, how about reducing prices immediately, not in April.

The point is that the utilities are being allowed to continue making excess profits for the rest of the winter, when there is no justification whatsoever.

Don't hold your breathe for sense to break out!

Isn’t that because the gas they have now to supply was bought at the higher price? Therefore there will be a lag between wholesale cost and consumer cost.

But that hasn't stoped them charging higher prices for the gas they bought cheaply last year.

[drfchound]

Prices always come down more slowly than they go up.

[albie]

They do, Hound.

Which is because Ofgem are more concerned with the industry than with protecting consumer interests....exactly the opposite of what they should be doing!

[danumdon]

Filo,

The Unite report talks about Shell;
"These profits are being passed on to shareholders in huge dividends and share buybacks.
Shell intends to spend an astonishing £6.3 billion on share buybacks for its shareholders in 2022."

There you have it.
Don't forget this report was from August 2022, before the escalation in prices over the winter heating season.

Public ownership, because you can't tame a wild beast.

I agree, I’ve always said utilities should be public owned run for the public not profit for shareholders

And yet Filo the Labour party who's manifesto should contain statements like this will not touch this with a bargepole.

I'm surprised that people aren't waking up more to the fact why they're constantly taken for a ride by both sides of the political devide just now.

[SydneyRover]

What would you do with the energy companies about massive profits and high prices DD?

[BillyStubbsTears]

Filo,

The Unite report talks about Shell;
"These profits are being passed on to shareholders in huge dividends and share buybacks.
Shell intends to spend an astonishing £6.3 billion on share buybacks for its shareholders in 2022."

There you have it.
Don't forget this report was from August 2022, before the escalation in prices over the winter heating season.

Public ownership, because you can't tame a wild beast.

I agree, I’ve always said utilities should be public owned run for the public not profit for shareholders

And yet Filo the Labour party who's manifesto should contain statements like this will not touch this with a bargepole.

I'm surprised that people aren't waking up more to the fact why they're constantly taken for a ride by both sides of the political devide just now.

Labour's policy is to start a new, publicly owned energy company, aimed at being the size of EDF. We have to move to zero carbon energy. Labour's plan is for that market to be dominated by the new publicly owned company.

Meanwhile, they would retrospectively impose windfall taxes on the massive profits that the likes of BP have made from Putin's efforts.

You are wanting to convince yourself that both sides are the same. They clearly aren't.

[danumdon]

Labour was in power between 1997 to 2010 and managed to ensure that the energy sector that should of been reconstituted then was left to continue in this very form, so why was that the case? The opportunity was there but not the political will.

So is it right for them to sit back now and criticise a system that they could of "improved" so that today we didn't have this mess?

Why does it always seem like carping from the sidelines is preferable to action?

[SydneyRover]

It would appear to your logic anyway that the party you voted for has been remiss also dd, no?

[BillyStubbsTears]

Labour was in power between 1997 to 2010 and managed to ensure that the energy sector that should of been reconstituted then was left to continue in this very form, so why was that the case? The opportunity was there but not the political will.

So is it right for them to sit back now and criticise a system that they could of "improved" so that today we didn't have this mess?

Why does it always seem like carping from the sidelines is preferable to action?

Hindsight.

Where was the great public pressure for nationalisation in the 00s?

Labour stood on manifestos calling for Govt intervention in the economy in 2017 and 2019. Did you vote for them?

[danumdon]

So instead of skirting around the issue and castigating the class bully who's already standing in the corridor on his own why don;t you explain to me exactly why Labour when in opposition say one thing but then in power do exactly the opposite?

[SydneyRover]

Give me an idea how you make up your mind where to put your mark on the ballot paper if you think all pollies are in it for themselves dd?

[danumdon]

Labour was in power between 1997 to 2010 and managed to ensure that the energy sector that should of been reconstituted then was left to continue in this very form, so why was that the case? The opportunity was there but not the political will.

So is it right for them to sit back now and criticise a system that they could of "improved" so that today we didn't have this mess?

Why does it always seem like carping from the sidelines is preferable to action?

Hindsight.

Where was the great public pressure for nationalisation in the 00s?

Labour stood on manifestos calling for Govt intervention in the economy in 2017 and 2019. Did you vote for them?

The point i'm trying to make is that its very easy to say that THIS time we will do this, but unfortunately being in power means we do something else instead. There will always be another greater requirement that stops this "transformative action" taking place.

I can see why people would be very hesitant to support a party whose natural instinct should be to do this but will they?

[SydneyRover]

Have you admonished the party you voted for dd?

[danumdon]

Labour was in power between 1997 to 2010 and managed to ensure that the energy sector that should of been reconstituted then was left to continue in this very form, so why was that the case? The opportunity was there but not the political will.

So is it right for them to sit back now and criticise a system that they could of "improved" so that today we didn't have this mess?

Why does it always seem like carping from the sidelines is preferable to action?

Hindsight.

Where was the great public pressure for nationalisation in the 00s?

Labour stood on manifestos calling for Govt intervention in the economy in 2017 and 2019. Did you vote for them?

As far back as i can remember there has been a debate about future energy requirements. Labour and Green activists have been talking about climate warming/change for as long as anyone would listen to them. To say its now hindsight just makes it look like a greater failing on all political parties to not have the foresight to plan ahead.

It seems they all have the same short term mentality when it comes to proposing these projects who by their very nature require more than a couple of political terms to come to fruition.

It seems Labour are as guilty as the Tories in not having the political foresight to bring these transformative policies to light.

Shame.

[SydneyRover]

And yet you have no plan yourself and you don't trust the very people you would charge with fixing the problem dd, it must be very frustrating for you.

[BillyStubbsTears]

Labour was in power between 1997 to 2010 and managed to ensure that the energy sector that should of been reconstituted then was left to continue in this very form, so why was that the case? The opportunity was there but not the political will.

So is it right for them to sit back now and criticise a system that they could of "improved" so that today we didn't have this mess?

Why does it always seem like carping from the sidelines is preferable to action?

Hindsight.

Where was the great public pressure for nationalisation in the 00s?

Labour stood on manifestos calling for Govt intervention in the economy in 2017 and 2019. Did you vote for them?

As far back as i can remember there has been a debate about future energy requirements. Labour and Green activists have been talking about climate warming/change for as long as anyone would listen to them. To say its now hindsight just makes it look like a greater failing on all political parties to not have the foresight to plan ahead.

It seems they all have the same short term mentality when it comes to proposing these projects who by their very nature require more than a couple of political terms to come to fruition.

It seems Labour are as guilty as the Tories in not having the political foresight to bring these transformative policies to light.

Shame.

Do you remember what Labour was doing when last in office? Massive subsidies to green power. Massive Govt help on insulating old houses. All designed to greatly cut our reliance on fossil fuel and the giant companies that profit from it.

You remember what the Tories did when they came to power? Slashed all those subsidies.

Or do you just stick to the premise that both sides are the same?

[albie]

BST,

Your post 798 is misleading, and does not make clear what is on offer.

The Labour policy of setting up Great British Energy is a Trojan horse for transferring public funds to the unbankable nuclear industry.
GBE will not be a retail supplier to consumers. It is simply an investment vehicle for preferred projects which do not attract private sector funding.
https://labourlist.org/2022/09/great-british-energy-falls-far-short-of-what-the-public-and-the-planet-need/

Labour are simply rebranding the Tory "Great British Nuclear" flagship.
Because nuclear is a discredited rising cost sector, it can only secure funding via state support, as no private investors are interested.

Under the UK’s new ‘Regulated Asset Base’ financing system- consumers are hit with a surcharge before the plant is built.
The unquantifiable costs of decommissioning remain on the public accounts, deferred to the future.

The idea is to charge consumers twice...first to support the infrastructure development, then to pay higher electricity costs to meet the returns needed to justify the project.
This falls heavily on the low income groups, as a much higher proportion of their income goes to energy costs.
It is a highly regressive policy in terms of fuel poverty.