Big Energy Kleptomaniacs Double Profits

This week as millions thousands hundreds a few Daily Mail readers prepare to celebrate the life and achievements of Margaret Hilda Thatcher a story in the Guardian brought to mind that one of Maggie’s great achievements was the privatisation of the energy industry.

Now the nationalised energy suppliers, The CEGB and British Gas may have been incompetent, bureaucratic, moribund and resistant to change butthey were not theiving scumbags.

To be fair, the electricity and Gas suppliers that emerged after Maggie’s privatisation were not too bad. It too a Labour government to truly fuck things up by letting Krauts, Eyeties, Yanks, Crapauds and any old Tom Dick and Hari Krishna follower buy British energy companies. Not just buy shares in but buy total ownership of.

Any good Briton knows you can’t trust Johnny foreigner, especially when he’s in a position to say “You-a either pay-a da price we set or you don’t-a get no more-a da gas and lekkitric, capisce?”

Nobody therefore should be surprised to learn that energy companies are doubling profits while selling less gas and electricity. The way the energy business works is very similar to the way The Olive Oil business works.

from The Guardian:
BIG SIX ENERGY FIRMS ACCUSED OF COLD BLOODED PROFITEERING
The big six energy suppliers have been accused of “cold-blooded profiteering” after official figures showed they had more than doubled their retail profit margins over the last 18 months and were now earning an average of £95 profit per household on dual-fuel bills.

The industry regulator Ofgem, which produced the estimates, said profits per household would reach £100 over the next 12 months.

Other new figures obtained from British Gas, EDF and the four other suppliers showed their profit margin from power generation – a separate part of the business – averaged more than 24% in 2011. They are believed to have risen since.

The escalating earnings were condemned by fuel poverty campaigners, rival energy companies and the shadow energy secretary, Caroline Flint.

Read full story

The Latest ‘Green’ Levy Is A Stealth Poll Tax

The government’s latest ‘Green Levy’ is a stealth tax on families and will increase domestic fuel bills by 8%. The ‘carbon price floor’ which comes into effect today will drive tens of thousands of families into fuel poverty, experts warn.

This new ‘green energy’ surcharge on commercial and domestic energy consumers (everybody) is designed to ensure suppliers use less gas, coal and oil – but has been described as a ‘stealth poll tax’ on individuals and businesses.

In fact it is to ensure the thieving scum who jumped on the green energy bandwagon when Labour were handing out subsidies for wind turbines and solar panels for not generating electricity will be stealing more of your money for providing no electricity in future.

Analysts say the levy on the production of electricity from fossil fuels will account for an 8 per cent rise on household bills in just two years.’ The Coalition are not prepared to be honest and denounce this crooked scheme cooked up by their predecessors because they too get donations from the fascist corporations who benefit from this legalised theft.

The Carbon Price Floor is of course an EU promotion. We must leave the EU.

Vote UKIP – or anybody except Conservative, Labour or Lib Dem.

Read more: Carbon Price Floor Under Fire, Dubbed Stealth Poll Tax