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Old 05-02-2022, 12:17   #531
nomadking
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Re: Energy companies collapse

Quote:
Originally Posted by ianch99 View Post
I think Seph is one of few Conservative supporters who really gets it. Imposing free market dogma on inappropriate sectors like energy, water, etc. could, and did, only lead to disaster. In the last year, the Big 6 energy companies made over 3 billion in profits and since 2010, the energy firms have paid £200bn to shareholders.

By having a degree of state control and/or ownership, you can do what France has done and limit the energy bill rises to 4%. Of course, the people who pick up the bill here, in this country, are the poor smucks who have no choices, and what is even more depressing, these same smucks will vote for more of the same come the next election.
France is a heavy user of Nuclear power and that limits the impact of higher gas costs. The UK uses gas for more than a third of it's electricity production. Ownership doesn't come into it.
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