So they want to take out pretty much an infinite loan for two years where they can ‘spend’ as much as they like on their own services, and then have their customers / the UK taxpayer pay it back over 15 years? Fuck off. These assholes need regulation and / or ~~privatisation~~ nationalisation.
This is on top of the fact that the standing charge has increased as a result of all the ‘credit’ built up with the energy companies that have already gone bust disappearing with them, and that combined ‘debt’ being consolidated and spread across every bill payer in the UK.
What a fucking shambles.
[e] Correction of dumb word mixup
If we keep them this high for two years, the plebs will think we’re being generous and we can *still* make obscene profit.
Last August i used £9 gas
Ultimately if we are buying oil and gas at £6,000 from the US, Russia, Middle East, Africa, South America, Norway or anywhere, and selling it to UK people at £1,800 someone has to pay the difference.
So either a plan like this (Which is effectively spreading it over years and having people pay it that way), the government pays the difference from tax revenues, or companies are forced to sell UK oil/gas at massive discounts (60% to 80%) of global market prices.
The problem with taxing the oil/gas companies is that obviously they are not going to stick around in the UK if you start taxing their income in oil/gas fields in other parts of the world at punitive rates, and the government would lose huge income tax and corporation tax revenues if for instance BP/Shell/etc were to move their HQ to America/Ireland or elsewhere.
You could enact strict laws on oil/gas field production in the UK, but the North Sea is already in substantial decline and it would shut down massive amounts of production that are no longer economically beneficial to proceed with. The industry hasn’t really recovered from the $20/barrel prices from just a few years ago, as the north sea is one of the least profitable places to invest capital.
You know the cap is the max right centrica and octopus? You know you could just not charge right upto the cap? You don’t need government legislation to do that…
Is this to stop them going up to just to keep them from going back down??? 🙂
Of course they did. They know people can’t pay. This will save their skin
Nationalisation would be the biggest abortion ever. It doesn’t work in the UK..look at the NHS. You lot don’t remember British Rail sandwiches or having to light a candle during national grid strike action.
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I bet they do. Fixed prices fixed revenue.
So they want to take out pretty much an infinite loan for two years where they can ‘spend’ as much as they like on their own services, and then have their customers / the UK taxpayer pay it back over 15 years? Fuck off. These assholes need regulation and / or ~~privatisation~~ nationalisation.
This is on top of the fact that the standing charge has increased as a result of all the ‘credit’ built up with the energy companies that have already gone bust disappearing with them, and that combined ‘debt’ being consolidated and spread across every bill payer in the UK.
What a fucking shambles.
[e] Correction of dumb word mixup
If we keep them this high for two years, the plebs will think we’re being generous and we can *still* make obscene profit.
Last August i used £9 gas
Ultimately if we are buying oil and gas at £6,000 from the US, Russia, Middle East, Africa, South America, Norway or anywhere, and selling it to UK people at £1,800 someone has to pay the difference.
So either a plan like this (Which is effectively spreading it over years and having people pay it that way), the government pays the difference from tax revenues, or companies are forced to sell UK oil/gas at massive discounts (60% to 80%) of global market prices.
The problem with taxing the oil/gas companies is that obviously they are not going to stick around in the UK if you start taxing their income in oil/gas fields in other parts of the world at punitive rates, and the government would lose huge income tax and corporation tax revenues if for instance BP/Shell/etc were to move their HQ to America/Ireland or elsewhere.
You could enact strict laws on oil/gas field production in the UK, but the North Sea is already in substantial decline and it would shut down massive amounts of production that are no longer economically beneficial to proceed with. The industry hasn’t really recovered from the $20/barrel prices from just a few years ago, as the north sea is one of the least profitable places to invest capital.
You know the cap is the max right centrica and octopus? You know you could just not charge right upto the cap? You don’t need government legislation to do that…
Is this to stop them going up to just to keep them from going back down??? 🙂
Of course they did. They know people can’t pay. This will save their skin
Nationalisation would be the biggest abortion ever. It doesn’t work in the UK..look at the NHS. You lot don’t remember British Rail sandwiches or having to light a candle during national grid strike action.