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Canoeboy

The Big Six Energy Companies

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Canoeboy

They make little profit

 

And they are raising prices

 

http://www.energylivenews.com/2013/10/10/8-2-energy-price-hike-for-sse-customers/

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sprocketflup

They make little profit

 

 

 

Im sure, it must be horrible having to eat cold beans from a can.

 

Guess Ill find out this winter

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Canoeboy

They only made 1.4bn pre-tax this year

 

http://www.bbc.co.uk/news/business-22621147

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sprocketflup

The poor dears!

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Sidewinder

That's good business, they should be congratulated from a successful business standpoint for being able to rip us off, as they have the market locked down. Again good business.

We are just jealous puppets.

It is wrong, but, they are just being a successful business, which, any of us who run our own businesses shoild be proud of, if I could make £1bn profit in a year I would be well chuffed.

 

These companies have us over a barrel, again good business, trap your customers, so they can go nowhere else.

 

The issue is not their profits really, it is a politicsl one, as to WHY, our energy prices & supply are at the whym of a totally profit oreiented organisation.

You cannot chastise a business for being successful. That is their legal obligation under statute law.

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Canoeboy

Thats why they are called the BIG SIX

 

Price Fixing ?  :innocent

 

Closed door meetings ?  :innocent

 

Put the kidewash on the FIT with the Government as long term they saw profits falling.......  :facepalm:

 

Everyones out to make money but at the size they are (the 6) then do they have any morals ?  :facepalm:

 

Wasnt one of em taken to the cleaners over door step summin or other ?  :yellow card

 

Its bad enough most are owned by jonny foreigner

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Sidewinder

Canoe,

I doubt if they have morals, but, they are businesses out to make a profit, I'm not trying to justify it or agree, but, they do run a successful business, which, is what they are in business to do, that is make as much profit as they can.

If they can price fix, whilst, that may be illegal, it is still good business if you can get away with it.

 

My point is, they are only doing what a business is supposed to do, that is maximise profit at any cost.

Why should they worry about the customer, they have no where else to go.

We are a captive audience, with little or no bargaining power, thus they have free reign to do as they like.

Again, sounds like good business to me!

 

As I have said, it is a political issue, these companies are doing what they set out to do!

 

I'm not saying I like it from where I am, nor that I agree, or think it is fair, but, business is not about fair, it is about profit & success, which these companies have, thus, they have a good business model.

 

Trapped customers, high profits, nowhere else for their customers to go, sounds excellent to me, for my business, for my benefit, if, I can get it. Why should they worry?

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Canoeboy

They dont worry

 

1.4 billion is not enough so they are raising prices

 

Im Just Saying...........

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Sidewinder

Exactly my point mate, IF I could make 1.4billion, and then raise my prices to make more profit, without loosing customers I WOULD!

Why should any good business not do this, when they have a totally captive market that has nowhere else to go, they can control the price, thus, generate as much profit as they like.

Why are we surprised?

They are PROFT MAKING ENTERPRISES, THAT IS WHAT THEY EXIST FOR.

Providing energy is just a by product, why should they worry about their customers when their customers, basically have no where else to go to get the product they NEED to survive in modern society.

This is good business, it is the FACT, that, they CAN do this, regardless, that is the issue.

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Robin Spark

One of my friends has recently been made redundant by one of the energy companies, he knew it was coming and has had to train the indians  who will now takeover the department for less money!

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Sidewinder

Again Robin, I don't agree with the situation, but that is good business, get someone cheaper to do it, thus more profit.

Customer is stuffed, they can go nowhere else, if the service is rubbish realistically.

Plus they don't care about any "security" leaks and personal/private information being sold/traded/lost etc. buy overseas workers as it does not affect them, it only affects the customer, who as I say, realistically has nowhere else to go.

 

Watch this space, Royal Mail, will go the same way.

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Robin Spark

How does this redundancy situation stand?  I thought you couldnt be made redundant if the position was still available and filled by someone else?

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Sidewinder

That only applies in the UK Robin, for UK employees!

However, if he has been made redundant after training someone cheaper to do his job in the UK, then he needs to go to the Union, or take legal advice, as that is AFAIK illegal.

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Apache

A big reason for price rises are due to Europe forcing them to buy all the inefficient green energy........

 

nuclear is the future like it or not!

 

I dont see a problematic them making money

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Blue Duck

Paxman is gonna have a go on news night on bbc2 in a bit.

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Canoeboy

A big reason for price rises are due to Europe forcing them to buy all the inefficient green energy........

 

nuclear is the future like it or not!

 

I dont see a problematic them making money

 

Just to add - Green Energy IS NOT INEFFICIENT (well maybe wind is but I dont support wind)

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Apache

How many hours per day does a solar panel produce electricity?

 

How many days is there not enough or too much wind for the turbines?

 

If you take max output from any renewable and then look how much energy generated overthrow year the efficiency will be pretty pants. Compare to nuclear. 

 

Anyone got the figures for carbon footprint per watt? I strongly suspect making and shipping solar panels and windmills around the globe is far worse for the environment.

 

Learn takes a natural material and gets maximum output. Even on still days and in the dark.

 

I work fulltime. Out all day. In winter can leave house and then get home in the dark - use bugger all in the day. Dark nights. Hot food. Storage heaters. Hot showers. Etc etc etc


Auto correct - grr

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steptoe

I dont particularly like the idea of 'LEARN' energy,

but I tend to agree, its the way forward if we are to sustain ourselves and not rely on 'johnny foreigner'

green is all well and good in an ideal world,

but,

we dont live in an ideal world. 

:C

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Canoeboy

Hydro and Tidal are 24/7

 

We can also have for example an SMA battery system for night time use

 

Then there is one of the countries exporting extra green energy in the day to those that havent got it and getting free energy back at night to replace it (there is a thread on here somewhere)

 

Just chucking my two penneth in......

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binky

carbon payback on worse Chinese panel is 1.5 years with shipping, less than 6 months for some Euro manufacturers. Now nuclear half life is a mere 3000 years.......

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Technician

Just to add - Green Energy IS NOT INEFFICIENT (well maybe wind is but I dont support wind)

 

This is the argument;  or one of them.  The energy companies are

paying the green taxes which (some of them argue) should be paid

through general taxation.

Yes;  it may look iniquitous that the profit is (apparently) so high.

Under company law the first duty of the Directors/CEO's and....

others is to maximise share value, i.e. first duty they have is to

the shareholder.  This legislation came out of the South Sea Bubble

and other fiascos.

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Canoeboy

Latest news - the rest follow suit with price rises

 

http://www.bbc.co.uk/news/business-24607242

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Technician

'Strike' price on the new power station Hinkley Point 'C';

£93.00 per MWhr.  Crunch that and you get;  No surprises;

£0.093 per kW hour.

This is twice the generation cost today.  Can you spot the trend?

I met a senior manager from Drax power station many years

ago and he stated that if the public knew the actual cost of

generation per kWhr there would be a public outcry.  He

refused to tell me when I asked him what it was.

Again, no surprises.

Somewhere in my files I have a report of a catastrophic failure

report on a turbine disc at Hinkley 'A'.  I will have to look it up.

It may give an indication of things to come.

Could it be possible that the French AND the Chinese have a

taste for frog's legs?

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Technician

I nearly started a new thread on this topic but thought better of it.

Over the past week, listening to the World Service and other sources,

I heard the 'N' word which some of the older members of this forum

will immediately recall.

It struck me hearing this that the energy companies do not have the

stomach for expenditure in the area of investment in the power supply

infrastructure.

We were told, many years ago, when the CEGB was dismantled only

to create separate oligarchies of private power generation, that this

was the ONLY way to go if we were to be assured of security of supply

well into the future with the much needed investment in the power

supply infrastructure.

Now, with gas reserves diminishing and Britain dependent upon imported

supplies by sea, we look at the astonishing shambles that is our power

generation infrastructure.

From which nation did this voice originate?

Germany.  The power house of European thinking with the clout to dictate

terms to the rest of the European Union much in the manner of a Swabian

housefrau cleaning up after a bratwerst party.

Seems to me the penny might have dropped, and that the expenditure is now

seen by some to be so large that the only alternative is nationalisation because

the taxpayer's pocket is deemed to be bottomless.

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