Energy company profits

Matesrates

Well-known member
Centrica profits up in the first 6 months from £262 million last year to £1.2 billion this year

Shell up in second quarter from £5.5 billion to £11.5 billion

I wonder why?
 
Disgraceful. Said on news that energy bills could rise to £500 per month. How the hell can people afford that???
 
Disgraceful. Said on news that energy bills could rise to £500 per month. How the hell can people afford that???
It’s going to be a very difficult if not impossible autumn / winter for millions of people who will be very desperate, and desperate people will resort to anything to heat and feed themselves and their families!
 
Said on a thread the other day that energy companies are profit gouging. an investment firm was messaging me the other day to buy into energy stocks.
 
That's capitalism! Transport, water and power should be nationalised but that's a socialist principle and that's a dirty word in this country.
Not convinced by nationalisation because it just doesnt really work. I'm working with a government where we are looking at Community corporations, in new small cities we are developing - energy, water and some other infrastructure is decentralised and the users of a resource become the owners, but it is managed outside of government. No shareholders to pay, or if they are they are the ones using the provision, and little government interference, and it makes a better model for transitioning to renewables. You would not believe the pushback we are getting from the major financial providers for development programmes, EU, WTO, World Bank because we are stepping outside of the typical privatisation model.
 
Not convinced by nationalisation because it just doesnt really work. I'm working with a government where we are looking at Community corporations, in new small cities we are developing - energy, water and some other infrastructure is decentralised and the users of a resource become the owners, but it is managed outside of government. No shareholders to pay, or if they are they are the ones using the provision, and little government interference, and it makes a better model for transitioning to renewables. You would not believe the pushback we are getting from the major financial providers for development programmes, EU, WTO, World Bank because we are stepping outside of the typical privatisation model.
Sounds a great idea
 
There are certain things which should be classed as elements of National Security and utilities fall into that category for me - but then in terms used in defining International Relations I would be classed as a ‘Realist’.
 
There are certain things which should be classed as elements of National Security and utilities fall into that category for me - but then in terms used in defining International Relations I would be classed as a ‘Realist’.
So letting the Chinese and French build our next generation of nuclear power stations seems a great idea.
 
Not convinced by nationalisation because it just doesnt really work. I'm working with a government where we are looking at Community corporations, in new small cities we are developing - energy, water and some other infrastructure is decentralised and the users of a resource become the owners, but it is managed outside of government. No shareholders to pay, or if they are they are the ones using the provision, and little government interference, and it makes a better model for transitioning to renewables. You would not believe the pushback we are getting from the major financial providers for development programmes, EU, WTO, World Bank because we are stepping outside of the typical privatisation model.
Sounds good
 
Not convinced by nationalisation because it just doesnt really work. I'm working with a government where we are looking at Community corporations, in new small cities we are developing - energy, water and some other infrastructure is decentralised and the users of a resource become the owners, but it is managed outside of government. No shareholders to pay, or if they are they are the ones using the provision, and little government interference, and it makes a better model for transitioning to renewables. You would not believe the pushback we are getting from the major financial providers for development programmes, EU, WTO, World Bank because we are stepping outside of the typical privatisation model.
Capitalism has taken many different forms down the years. There's no inherent reason why nationalisation must fail. It is essential for National infrastructure planning that strategic management of key transport and utilities provision be in public hands. It is also important for National social policy imperatives that the growth and profitability of national infrastructure industries are tempered by the needs of citizens, communities, industrial and commercial policy and environmental considerations.
 
There are certain things which should be classed as elements of National Security and utilities fall into that category for me - but then in terms used in defining International Relations I would be classed as a ‘Realist’.
France Spain and italy all class their basic infrastructure in those terms, so they offer massive amounts of protection to the industries in question even private compaies and justify breaking EU competition laws and EU government support regulations.
 
Capitalism has taken many different forms down the years. There's no inherent reason why nationalisation must fail. It is essential for National infrastructure planning that strategic management of key transport and utilities provision be in public hands. It is also important for National social policy imperatives that the growth and profitability of national infrastructure industries are tempered by the needs of citizens, communities, industrial and commercial policy and environmental considerations.
One of the problems for me with nationalisation, and i think its a general problem with practical socialism, is that nationalised industries take on a political importance that elevates the entities above peoples interests, and of course nationalised industries become a political footbal with, in this day and age, the constant threat of privatistion, and in the past union militancy. My own point of view is that if it is in government hands it isnt in public hands. One of the issues with energy in general is that it is centralised, so that one or two companies can effectively control the market even if there are many points of consumer access.

my own work points to a big problem with the centralisation process particularly when you are trying to serve 30-40-50 odd million people the needs of the system become paramount, and the needs of people are diminished or just removed entirely.
 
So letting the Chinese and French build our next generation of nuclear power stations seems a great idea.
To be fair, from the 1970s onwards, the UK’s nuclear programme was a shambles. We built 14 very complicated “Advanced” (pah!) Gas Cooled Reactors which had an appalling record for availability. They were averaging at about 60% of capacity in their first 20 years while a PWR would be 90-95% plus.

The CEGB wanted PWRs from the early 70s but the government of the time (Energy Minister, a certain A.W. Benn, with the UKAEA whispering false promises in his ear) decided to stretch the old Magnox concept beyond its capabilities. Simply, because they did not want to pay royalties to Westinghouse for their Pressurised Water Reactor design. While the French built 54 PWRs.

That momentous crass decision wrecked the UK’s ability and infrastructure to build nuclear stations ever after. That’s why we have to ask the French for help, while we try and resurrect an industry to build Small Modular Reactors. But the French have their own problems currently in refitting the ageing half of their own nuclear fleet.
 
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At the BBC leader's debate he actually said - when things got onto each candidate's background - that his parents worked very hard to BUY him a good start in life. It's a wonder Labour haven't picked up on that.
Wasn't it Sunak's wife, who has more than £300 million who said she lived in India so hadn't paid any income tax in 30 years?
BTW, Rishi has £400Million.
 
Instead of the government pratting about giving 400 quid out why aren't they reducing price caps, clearly the current ones are way to high.
 
Is it time for that revolution yet?

You all keep voting for the same people, so this is what happens.
Yes " lifelong Tories " just want more of the same it seems, the rich doing well at others expense. Figures this week showing 70,000 in the UK paying their tax offshore, presumably avoiding large amounts of tax here. Current Tory leadership candidates wont talk about this, especially as many of these are large donors to their party.
 
Instead of the government pratting about giving 400 quid out why aren't they reducing price caps, clearly the current ones are way to high.

Perhaps the energy companies need to pay for the fuel they use, and if you cap the price below the cost of producing it, maybe they won't produce any energy.
 
The Tory’s & media are cynical in convincing working class people on average earnings that they are wealthy & therefore should vote Conservative. You really couldn’t make it up.
 
At least they are trying to help people, I suspect many of the snipers will be excepting the extra gratuity with open arms. Whilst sniping about it.
 
At least they are trying to help people, I suspect many of the snipers will be excepting the extra gratuity with open arms. Whilst sniping about it.
But it's not enough is it? People will still be seriously in a hole, 400 quid is like punching someone in the face and then giving them a plaster.
 
But it's not enough is it? People will still be seriously in a hole, 400 quid is like punching someone in the face and then giving them a plaster.
At least they are trying, it’s not their fault Putin is a ** and the rest of the EU put all their eggs in one basket. I appreciate its almost impossible for some of you to admit your excepting a handout off the Tory’s While sticking the knife in at every opportunity.
 
At least they are trying, it’s not their fault Putin is a ** and the rest of the EU put all their eggs in one basket. I appreciate its almost impossible for some of you to admit your excepting a handout off the Tory’s While sticking the knife in at every opportunity.
But trying isn't enough, we need policy, not sticking plasters.
 
Why? Because the incompetent bunch of idiots are looking for their fourth PM in six years?
Are you not happy ? No pleasing some. You have been pissing and moaning about BJ for about 2 years and now he’s on his way out your still Pissing and moaning.
 
You will get your chance. Maybe next time don’t spend too much time sneering down your noses at the opposition, that way you won’t have to spend the next several years pissing and moaning.
 
With eon and was on a fixed deal which tins out in a week
Was paying £160 a month new fixed for a year quote £420 ( £380 with DD discount) ffs
Was told slightly cheaper variable rate but this could go through roof in October
Does this sound right if so I genuinely don't know how those on low incomes get sorted ffs
 
It’s horrific, and the winter is going to be catastrophic for millions. January bills alone for the average house are going to be £500. Old people could well die because they won’t be able to afford heating. Mind you, I was trying to think back to my childhood and up to age about 30, we didn’t have central heating, we of course had coal fires and I don’t remember being so cold it was unbearable.

Nonetheless, I do think the government did ok when they announced the package earlier this year, which gave those on benefits £1,200 to help. However, that was before these latest massive increase estimates, so they probably do need to look again at further help this winter.
 
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