r/ireland would have you believe energy suppliers are making a killing, in reality the market is in chaos and they are fleeing due to sky high costs.
But profit.
Are resellers actually even good for consumers.
Just feels like more slices of the pie go missing .
Good riddance?
TheCurrency had a good article about this recently, this chart kind of [sums up the difference in prospects for generators vs suppliers.](https://i.imgur.com/7hUeRt3.png)
It’s the problem with calls for a windfall tax. The lads you’re paying more money to aren’t making more money – they are paying more money to the electricity generators on the other end.
The electricity generators are making more money if they don’t depend on imported gas and/or generate electricity from renewables. Problem for Ireland is that generation is done by the ESB/Bord na Mona who are state owned, or SSE and Centrica who are foreign. I think energia are the only ones of any size who’d end up having to actually pay a windfall tax. Obviously the state owned guys would, but that’s just taking the money through tax rather than dividends.
So the average price after rises is expected to be 2.5k for electricity and 2k for gas.. what was it last year ?
Someone in the Indo is about to get his arse slapped. This is basically an opinion piece and I’ve heard lawyers are getting involved as Panda have not said they are leaving the market and have no plans to
Must have been making too much profit.
So essentially someone could’ve leaked the info to a journalist before employees were made aware?
Nationalise it now. These providers don’t generate electricity. They’re pointless. Nationalise and subsidise
Are these the same guys that SF said they were going to impose price caps on? How many would remain if they did that?
Maybe a windfall tax would have gotten them to stay.
Maybe, just maybe, turning everything into a free market economy and letting it “sort itself out” isnt actually the best idea
12 comments
Not surprising, won’t be the last either.
r/ireland would have you believe energy suppliers are making a killing, in reality the market is in chaos and they are fleeing due to sky high costs.
But profit.
Are resellers actually even good for consumers.
Just feels like more slices of the pie go missing .
Good riddance?
TheCurrency had a good article about this recently, this chart kind of [sums up the difference in prospects for generators vs suppliers.](https://i.imgur.com/7hUeRt3.png)
It’s the problem with calls for a windfall tax. The lads you’re paying more money to aren’t making more money – they are paying more money to the electricity generators on the other end.
The electricity generators are making more money if they don’t depend on imported gas and/or generate electricity from renewables. Problem for Ireland is that generation is done by the ESB/Bord na Mona who are state owned, or SSE and Centrica who are foreign. I think energia are the only ones of any size who’d end up having to actually pay a windfall tax. Obviously the state owned guys would, but that’s just taking the money through tax rather than dividends.
So the average price after rises is expected to be 2.5k for electricity and 2k for gas.. what was it last year ?
Someone in the Indo is about to get his arse slapped. This is basically an opinion piece and I’ve heard lawyers are getting involved as Panda have not said they are leaving the market and have no plans to
Must have been making too much profit.
So essentially someone could’ve leaked the info to a journalist before employees were made aware?
Nationalise it now. These providers don’t generate electricity. They’re pointless. Nationalise and subsidise
Are these the same guys that SF said they were going to impose price caps on? How many would remain if they did that?
Maybe a windfall tax would have gotten them to stay.
Maybe, just maybe, turning everything into a free market economy and letting it “sort itself out” isnt actually the best idea