Miliband warned ‘absurd’ electricity pricing will force factories to close

15 comments

1. [removed]

2. I might end up on the wrong side of history here, but it sounds like a good thing overall? A lot of factory workers would lose their jobs but other people would get those jobs elsewhere. Itll be chaotic for a while until the new paradigm is settled, but overall good?

   Unless all the industry does just straight up move out the country entirely in which case whoops.

   Too many factors for my tiny mind to fully comprehend, but it sounds good.

3. I might end up on the wrong side of history here, but it sounds like a good thing overall? A lot of factory workers would lose their jobs but other people would get those jobs elsewhere. Itll be chaotic for a while until the new paradigm is settled, but overall good?

   Unless all the industry does just straight up move out the country entirely in which case whoops.

   Too many factors for my tiny mind to fully comprehend, but it sounds good.

4. > British companies paid about **£66 per megawatt hour•• for electricity in the second quarter of 2024, compared to ••£27 per megawatt hour•• in France and ••£28 per megawatt hour•• in Spain, according to an analysis by UK Steel.

   At least, if there’s any consolation, rip-off Britain isn’t just for us plebs.

5. I would advise people to be very careful making assumptions that it is ever beneficial to lose an industrial job in a long standing industry.

   Britain is still living with the legacy of the industrial revolution, Across the country, large towns exist now because of what made sense two hundred years ago.

   People in ex-mining communities were told they didn’t need to worry about the mines closing down. The free market was going to solve the issue, and they would all be retrained and become computer programmers or whatever else. Better paid, no more going down the mines. Everyone’s a winner!

   Now we have a bunch of shite post-industrial towns across the country where poverty is endemic and the best case scenario for most people is getting a job in Tesco. They voted disproportionately to leave the EU, in large part due to a complete lack of faith that the economy was ever going to get better for them.

   For places like Port Talbot, a steel job is not just a job. It is the anchor keeping the entire region alive. Westminster, Welsh and EU governments have tried pretty much everything they can to pre-emptively move the region on to something else, nothing has stuck. It is steel, or death.

   Be very careful when making the choice for others if it won’t negatively impact you.

6. This is an inspirational move by the Labour Party, who wants dirty factories and dirty working class people…

7. Didn’t he eat a bacon sandwich? And he is Jewish? I don’t think he really cares all that much…

8. I’m enjoying watching the Daily Dogshit and the Torygraph going full flat earther level conspiracy theorist now.

   “Quick come back tories”

   Oh fuck off

9. Millibrain doesn’t really care, it’s all about net zero.

10. Ah Ed Milliband….that beacon of intelligence, surprised he hasn’t tried pushing hydrogen for homes again the half-witted cretin.

11. Basically the wholesale price of electricity didn’t go up a single penny.

    BUT the rules got changed. so now the price of a shareholder bonus dividend can be rolled quietly up into the per-unit wholesale price.

    THATS why UK electric prices went up so much compared to everywhere else. Energy companies paying themselves MASSIVE bonuses and lying to the public with the previous and current governments full cooperation.

    British gas profits alone were 10x normal in 2021, 2022 2023 and 2024 (so far)..kinda proves those costs weren’t going into buying energy units eh?

12. Maybe you shouldn’t have banned fracking and built some reactors then ya weapon.

13. Any time he pops up, I can’t help but wonder what world we would live in had he won and not faced more criticism for eating a bacon sandwich awkwardly, than May, Johnson or Rishi did for probably any of their endless scandals (Truss’ Kamikwaze affair at least topped it). 

14. Our energy prices are artificaly high due to the companies’ ripping of consumers and has been since day 1 of the Ukraine warn.

15. So the argument the telegraph is making is that if a steel manufactory ends up in an area of higher electricity cost, they won’t move to a location in the UK that’s cheaper, instead they’ll move even further and go overseas…?

    That ignores the fact that the entire point of the reform isn’t that some areas will become more expensive but that others will become cheaper. This is not a zero sum game.

    I guess the telegraph is right, we shouldn’t reform our energy infrastructure, the system worked perfectly under the tories 🤷🏽‍♂️🤷🏽‍♂️