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Jaymoss 03-09-2022 22:16
Re: The energy crisis
 
Quote:
Originally Posted by jfman (Post 36133184)
Unfortunately yes, charging the highest prices the market can bear (and there will be customers who can’t/won’t pay above that) is where unregulated capitalist markets go where there is no/limited competition.

While some customers leave the market (go out of business) this still gives the optimum return provided there are sufficient customers able/willing to pay.
appalling

jfman 03-09-2022 22:20
Re: The energy crisis
 
Quote:
Originally Posted by Jaymoss (Post 36133185)
appalling
I agree which is why regulation needs to be tighter, and the state should be more involved through that or ownership. Companies will not act in the wider public interest and there’s no competition to keep them honest.

Jaymoss 03-09-2022 22:29
Re: The energy crisis
 
Close the open market and open the mixed market economy

Mad Max 04-09-2022 18:34
Re: The energy crisis
 
Germany putting in a lot of money to ease the energy crisis.

https://www.france24.com/en/europe/2...-energy-crisis

Hugh 04-09-2022 18:56
Re: The energy crisis
 
Quote:
Originally Posted by Mad Max (Post 36133204)
Germany putting in a lot of money to ease the energy crisis.

https://www.france24.com/en/europe/2...-energy-crisis
And Sweden & Finland.

https://www.reuters.com/business/ene...ms-2022-09-04/

Paul 04-09-2022 23:16
Re: The energy crisis
 
Two things I am certain of.

1. Whoever gets to be PM will pretty quickly announce more measures.

2. No matter what they are, everyone will moan and complain about them not being "enough".

1andrew1 05-09-2022 09:15
Re: The energy crisis
 
Will she implement the Opposition's suggestions? It would be a good way to gain popularity with the UK electorate.

Quote:
Liz Truss looks at energy price freeze to tackle spiralling bills

Foreign secretary expected to be named UK’s new prime minister later on Monday

Liz Truss, who is expected to be named as Britain’s next prime minister on Monday, is considering freezing energy bills in response to the spiralling cost to households.

Energy industry executives have been talking to members of Truss’s camp in recent weeks about ways to freeze energy bills for at least the most vulnerable households.

Truss’s team declined to comment on growing expectations in the energy sector that a freeze is being prepared following the talks. Labour and the Liberal Democrats have already proposed that bills should be capped.

“We are not commenting on speculation,” a spokesperson for the Truss campaign said. “We are not ruling anything in or out.”

Last month Sir Ed Davey, the Lib Dem leader, and Gordon Brown, the former Labour prime minister, called for the energy price cap to be frozen at its current level and released plans explaining how this could be funded.
Link: 12ft.io/proxy?q=//www.ft.com/content/419e662b-0f5d-4ec3-b38e-00c30983b810

jfman 05-09-2022 09:37
Re: The energy crisis
 
If this comes to pass I look forward to the mental gymnastics involved in backing the Tories for finding that magic money tree (again).

Quote:
Originally Posted by OLD BOY
Liz is not going to be one to splash the cash like Moneytrees Starmer.
https://www.cableforum.uk/board/show...&postcount=934

Halcyon 05-09-2022 10:08
Re: The energy crisis
 
More wool being pulled over peoples eyes and trying to get people on side by promising silly things that will never happen.

1andrew1 05-09-2022 10:25
Re: The energy crisis
 
Quote:
Originally Posted by Halcyon (Post 36133224)
More wool being pulled over peoples eyes and trying to get people on side by promising silly things that will never happen.
To be fair to Truss, she's not promised anything specific except an announcement on help in the first seven days of her term.

Hugh 05-09-2022 10:27
Re: The energy crisis
 
Quote:
Originally Posted by jfman (Post 36133219)
If this comes to pass I look forward to the mental gymnastics involved in backing the Tories for finding that magic money tree (again).



https://www.cableforum.uk/board/show...&postcount=934
I don’t care, as long as the help is given…

Damien 05-09-2022 10:51
Re: The energy crisis
 
I don't think it was never likely they would do nothing given the crisis that's to come tbh. I wonder if she'll go ahead with the tax cuts at the same time though?

1andrew1 05-09-2022 11:13
Re: The energy crisis
 
Quote:
Originally Posted by Damien (Post 36133230)
I don't think it was never likely they would do nothing given the crisis that's to come tbh. I wonder if she'll go ahead with the tax cuts at the same time though?
Reversing the NI hike? I suspect it will. Truss seems to believe in trickle-down economics, a theory whose time many thought had gone.

jfman 05-09-2022 11:18
Re: The energy crisis
 
Quote:
Originally Posted by 1andrew1 (Post 36133233)
Reversing the NI hike? I suspect it will. Truss seems to believe in trickle-down economics, a theory whose time many thought had gone.
Can always find the magic money tree for a tax cut or to protect the fake free market.

nomadking 05-09-2022 16:00
Re: The energy crisis
 
Quote:
Originally Posted by Mad Max (Post 36133204)
Germany putting in a lot of money to ease the energy crisis.

https://www.france24.com/en/europe/2...-energy-crisis
UK has already put in £37bn. Germans already pay more for their electricity and gas. Prior to this announcement, Germany had only spent 30bn Euros, which was less than the UK. Is their 1,000 Euros energy levy still going to go ahead? That would take the shine off the 65bn Euros.

Bear in mind it was Germany that played a large part in the price increases of a year ago, with their failed wind power.


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