Energy Prices Will See Businesses Collapse

[baggieal]

I keep repeating, it isn’t the energy companies to blame in the main, it’s the massive companies like BP and Shell who extract the gas that are making the money!

I was referring to these Mick as sadly our energy is with Shell themselves who are extractors and end suppliers - cheating c unts!
Two can play games at cheating.,,,,,

[kettering_baggie]

We really don’t want nationalised energy firms IMO. The French are paying a fortune to not only nationalise but also to guarantee prices to folk doesn’t go beyond 4%. We can get exactly the same outcome through different means (also costing a fortune) but less the fee to buy out these firms.

The reason we don’t want nationalisation is how anti competitive it is, which inevitably leads to higher costs, as monopolies always do. A 10% price hike by private firms is generally accepted in a society….a 10% government increase causes public outcry.

Also, based on how poor our governments have been in recent years, should we really trust them with our energy? It’s really not worth it.

I wasn’t suggesting that energy firms should be renationalised, mainly because of the enormous cost, just that it should never have happened. I see no reason, though, why the government couldn’t set up a new, publicly owned energy supplier to compete with the private ones. Put the right management in place and with no shareholders to pay out, surely it would be possible to undercut the current lot?

I haven’t had any offers of paddles yet……….

[kettering_baggie]

We should also be exploiting our reserves of shale gas; I know that it is controversial but in the current crisis situation it is surely in the country’s interest to use this gas for the benefit of all, managed, of course, by a public organisation.

[baggiematt]

I wasn’t suggesting that energy firms should be renationalised, mainly because of the enormous cost, just that it should never have happened. I see no reason, though, why the government couldn’t set up a new, publicly owned energy supplier to compete with the private ones. Put the right management in place and with no shareholders to pay out, surely it would be possible to undercut the current lot?

I haven’t had any offers of paddles yet……….

It would be interesting to see if part nationalised and part privatised business could work. On the one hand it feels like it could if it behaved like a private firm that made profit, only for the profit to go back in tax payers hands.

On the other hand, if they succeeded in smashing the market, like all businesses should aspire to do, it would lose the perfect competition element and become bad for consumers.