Possible Government Intervention on Energy- thoughts?

Emmersons_BrazillianDong

Emmersons_BrazillianDong

Well-known member
Starting to hear chatter of what possible interventions might be considered by the government and saw this thread from a respected Professor from Sheffield University.

Whilst it's clear that there has to be intervention, and I'm sure the possible relief of this suggestion will be music to the ears of many, this looks very much the tories using our money to fill the pockets of big business.

Any thoughts? Would you welcome this?

*Edit

For those who can't be bothered, the suggestion is to cap energy bills to a maximum of £2k per household for the next two years at a cost of £100 Billion and for that to be paid back by us over the next 10-15 years.

This would only be for Homes, not businesses or organisations such as NHS etc. He argues that this is a massive bung for private businesses that doesn't go far enough to deal with the real issue and at this price we should be nationalising rather than propping up businesses that have no real manageable market.

https://twitter.com/x/status/1562335334607687680
 
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We produce lots of gas, which has its price set by the global market and for some unfathomable reason, even though renewables are cheaper, we pay the same price for them.

In the past we had a gas board who handled this and made sure this situation didn't happen - by managing production and storage and running surpluses so we could control the price. Then Tories got greedy and needed to tell Sid how rich they could get.

We also had a good thing going at ground-level efficiency when it came to insulation, until Tories convinced people that national finances were the same as household finances.

This is a complete disaster borne out of Tory ideology. Cameron and Osborne and the rest of the sorry lot that followed them are vandals who should be chased out of the country.

https://twitter.com/x/status/1562418973068730368
 
LaPennaBianca said:
We produce lots of gas, which has its price set by the global market and for some unfathomable reason, even though renewables are cheaper, we pay the same price for them.

In the past we had a gas board who handled this and made sure this situation didn't happen - by managing production and storage and running surpluses so we could control the price. Then Tories got greedy and needed to tell Sid how rich they could get.

We also had a good thing going at ground-level efficiency when it came to insulation, until Tories convinced people that national finances were the same as household finances.

This is a complete disaster borne out of Tory ideology. Cameron and Osborne and the rest of the sorry lot that followed them are vandals who should be chased out of the country.

https://twitter.com/x/status/1562418973068730368
Click to expand...
I suppose my worry is that this might be a once in a lifetime opportunity to really look at policy in regards to energy and the future. Now rather than thinking radically (or even just in the interests of our future) we're seeing the same suggestions of using our money to provide the shareholders with their dividend.
 
If we had gone earlier on nuclear and fracking we could have provided our energy in house , but our politicians haven’t done any forward planning, so now they have no alternative to intervening and supporting the pubic through the winter. Anything less is to bring on a disaster at the polls.
 
The pigeons are coming home to roost - Tory greed is eating itself. The only logical and sensible thing to do is to nationalise our gas and electricity, along with our water supply as well. These greedy b***ds have been on the gravy train for years coining it in and now it’s all going t*ts up they want Joe public to bail them out - well they can feck off 🤬
 
Emmersons_BrazillianDong said:
Starting to hear chatter of what possible interventions might be considered by the government and saw this thread from a respected Professor from Sheffield University.

Whilst it's clear that there has to be intervention, and I'm sure the possible relief of this suggestion will be music to the ears of many, this looks very much the tories using our money to fill the pockets of big business.

Any thoughts? Would you welcome this?

*Edit

For those who can't be bothered, the suggestion is to cap energy bills to a maximum of £2k per household for the next two years at a cost of £100 Billion and for that to be paid back by us over the next 10-15 years.

This would only be for Homes, not businesses or organisations such as NHS etc. He argues that this is a massive bung for private businesses that doesn't go far enough to deal with the real issue and at this price we should be nationalising rather than propping up businesses that have no real manageable market.

https://twitter.com/x/status/1562335334607687680
Click to expand...
I read that and it looks like we all we will be doing is bailing out failing businesses
 
Emmersons_BrazillianDong said:
I suppose my worry is that this might be a once in a lifetime opportunity to really look at policy in regards to energy and the future. Now rather than thinking radically (or even just in the interests of our future) we're seeing the same suggestions of using our money to provide the shareholders with their dividend.
Click to expand...
This is as bold as anyone will get.

I for one will enjoy being told, in the middle of winter as people die of deprivation, something along the lines of 'we can't deprive shareholders of their profits or otherwise Putin will win'.
 
Lottowyn said:
If we had gone earlier on nuclear and fracking we could have provided our energy in house , but our politicians haven’t done any forward planning, so now they have no alternative to intervening and supporting the pubic through the winter. Anything less is to bring on a disaster at the polls.
Click to expand...
I agree bud. I think there are some policy matters that are so important that it should actually not be down to the government of the day to be the only stakeholder in agreeing them.

Energy management along with many others should be firmly within that.

I appreciate how naive that makes me sound
 
hewielewie said:
I read that and it looks like we all we will be doing is bailing out failing businesses
Click to expand...
Because in essence, that's exactly what this is.

The cynical side of me is starting to think that some of the £6000 per year stories that have been doing the rounds recently might be softening us up for something like this.

I appreciate that I'm one of the lucky few who isn't yet at the stage of having to make some massive decisions around paying those bills. This thread isn't at all meant to come across as insensitive to those who are having to do that right now.
 
The only realistic solution in my opinion is nationalising, however we know that won't happen in a million years with the Cons.

What will happen will be something like the above mentioned tweet. Basically the government will fund private companies so they can continue to rip us off. And when I say the government will fund it, it won't be, it'll be us the taxpayer who will eventually pay it all back.

I think the government would be happy for millions to starve or freeze to death if they could stay in government but the reality is they'll be finished if they don't help us out this winter. Hence the help.
 
The essentials to sustain human life shouldn't ever be in the hands of private businesses. There have been enough Hollywood films explaining why it's ultimately a terrible idea and leads to a loss of human life.

ALL utilities in 2022 should be nationalised. Water, electric, gas, oil, bio fuels, internet and phone lines should all be under public ownership.
If private businesses don't like it, tough ****, **** off to another country.
 
you have to hand it to the Tories.. they’ve found a system that works and they’re sticking to it.

A couple of years ago they were telling us how many million of us were going to die of Covid.. this in turn allowed them to syphon off £Bn’s to their cronies. Then when the real numbers came around (whilst still horrific) they justified the spending because ‘it would have been so much worse without it.’

This time we are being scared into believing we are all to pay £6000 per year to heat our homes .. what’s the bets that £bn’s will go to more cronies and another miracle will happen
 
The first thing that needs to change is to address the open market, regulatory measures are the only way to police the market and reign in the astronomical profits. The energy sector is not the only segment that needs to be regulated.

But there's zero chance of this government doing so, because they are essentially puppets to the party doners, who obviously want an unregulated market.

The thing that really, really makes me angry is that the only measure this government can come up with is to potentially subsidise bills with public money. In other words the energy companies don't lose a penny, their profits are intact and yet more money is channelled from the public purse into private ownership.

Successive Conservative government's since thatcher have raped the riches of the state, time and again and they've been allowed to do so without any redress.

It's a national scandal.
 
Even as I speak the Tory scum will be setting up companies to channel off as much of the public's money as they can into their forthcoming energy costs scam.
 
All the Tories who have spent 15 years telling us PFI was a disaster saddling us with debt for the benefit of private companies will now be telling us that this is a fantastic bit of policy. Because that's the way tory flag bearers roll.
 
I'd probably be more surprised if the Tories didn't come up with some sort of plan along these lines (protect the profits of the rich).

I suspect the first question they ask themselves when setting any policy is "what's in it for us?" and they then take it from there.
 
MolteniArcore said:
Can we nationalise north sea gas?
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Really the oil and gas belongs to all of us yes there is a service cost of getting it out of the ground which has to paid to someone but just because BP extract the oil and gas it really shouldn't make it their asset to sell they should only be paid for the extraction plus a small percentage at most.
 
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