Gas & Electricity

Sounds like she Is going to freeze prices. Wonder if this will be at current levels or October levels. Going to be a huge cost this one. 2 massive bailouts in 3 years. Debt repayments will be astronomical.
 
Sounds like she Is going to freeze prices. Wonder if this will be at current levels or October levels. Going to be a huge cost this one. 2 massive bailouts in 3 years. Debt repayments will be astronomical.
Do it over a 100 years, the next generation are going to get the benefit of us sorting this shit show out, they can handle an extra few pound a month when they are living on Mars!
 
Martin Lewis laid it out in a quite stark way this morning.

Basically for every £100 you spend on Gas and Electric you will see an £80 increase. In October.
then in Jan whatever you are paying is likely to increase by at least 50%

So if you are paying £200 a month now, it will increase to £360 next month.
Come January you can expect another £180 increase up to £540 a month.

Just let that sink in.

There is a huge crisis coming unless the government do something radical.
Cutting a bit of Tax will do fuck all.

As if any **** is actually going to pay these ridiculous bills.
 
We’re not reliant on Russian gas. We’re reliant on gas from anywhere that is being traded at an inflated wholesale price because of Russia. With our North Sea reserves it is within the power of our government to secure that gas at much cheaper rates as technically it owns it and companies pay licence fees to extract it. That would significantly reduce the gas that the retailers need to buy from elsewhere, and with an adjustment to the pricing mechanism it could be made cheaper for consumers.

The government won’t do it because it will reduce the profits of Shell, BP, Centrica and the other companies that extract gas in the North Sea. We are being taken for mugs - it’s a huge money grab from the population. Every penny we pay ends up somewhere and the excessive amounts end up with the big companies, and the government are letting it happen because they refuse to go act against the free market in any significant way.

The threat of nationalisation would probably be enough to get significant discounts to the wholesale price. Other European countries don’t have the luxury of a domestic gas source and are forced to pay the market rate. We shouldn’t be in that position.
The cost of freezing energy prices is calculated to be £70bn -£100bn How does that compare to nationalising the three cos you mention?
 
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The cost of freezing energy prices is calculated to be £70m-£100m. How does that compare to nationalising the three cos you mention?
I take it you mean billion. Doubt they would try and nationalise them entirely just take control of the gas fields in U.K. waters.
 

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