Is it time to Nationalise the energy industry?

[Rascal]

Surely we should be using the profits as a nation to cut household bills rather than line pockets of shareholders.

 

[EL APACHE TEVEZ]

Surely we should be using the profits as a nation to cut household bills rather than line pockets of shareholders.

I think that boat as long sailed Rascal I’m terrified of when the nhs goes and it’s coming.

 

[Rascal]

I think that boat as long sailed Rascal I’m terrified of when the nhs goes and it’s coming.

Now would be the perfect moment for Labour to promise to do it. As bills go through the roof a majority will be affected, so in my mind its a vote winner.

 

[urban genie]

I think that boat as long sailed Rascal I’m terrified of when the nhs goes and it’s coming.

They have fucked the NHS over to a level where people will be fed up of some services, then the government will say those services would be better suited as privately operated to ensure competition and quality, what we will get is piss poor services for high prices as profit comes before people.

 

[urban genie]

Surely we should be using the profits as a nation to cut household bills rather than line pockets of shareholders.

Yes the energy network should not be a profit based entity for a limited number of shareholders, all money should go back into the network and keeping it affordable for all.

 

[Don Karleone]

Starmer has already said no to this, hasn't he?

 

[Rascal]

Starmer has already said no to this, hasn't he?

Not to my knowledge, but he should be out on the airwaves banging the drum

 

[Ifwecouldjust.......]

Surely we should be using the profits as a nation to cut household bills rather than line pockets of shareholders.

Yes......no brainer.

 

[Don Karleone]

Not to my knowledge, but he should be out on the airwaves banging the drum

Sounds like he isn't in favour

 

[Kompany Car]

Generation probably not, the investment required as we move to a green economy and the costs of decommissioning old generation is probably best with the private sector. The cost of gas and electricity at the point of generation is subject to wholesale prices on international markets and the only way fully reduce exposure to it is to have a mix of renewables and nuclear in the UK.

What we should be looking to renationalise is distribution which accounts for over 25% of the bill. That's the national grid and DNOs (Electricity North West, Northern Power Grid etc). There is still investment needed but much less and on the whole is money for old rope (or wires and transformers) in this case. You also take money back from the private sector as you charge businesses for new connections to the network.