Why is the energy price cap rising again?

Why is the energy price cap rising again? | LBC

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@shaunmiller7370 2 ай бұрын

Privatisation, privatisation, privatisation, price, gouging, price, gouging price gouging. Please call it what it is.

@kinghenryxl1747 2 ай бұрын

I don't understand why people are shocked that Labour is continuing with Tory policies.

@SteveJones-gz4vd 2 ай бұрын

NOT privitisation, it's the public sefvice that are bankrupting the UK

@zainzoala1083 2 ай бұрын

😂😂😂 What did you expect when you get involved into wars .

@Grandude77 2 ай бұрын

Exactly, the problem is Thatcher and neoliberalism. The reason he cannot see it is because he is blinkered.

@IMBlakeley 2 ай бұрын

@@kinghenryxl1747 Blue tory or Red tory, plus ça change

@bilal_scot5209 2 ай бұрын

Our system is corrupt.

@gtingaming716 2 ай бұрын

Bet you voted Labour though!

@geeksworkshop 2 ай бұрын

There was never any Cost of Living Crisis. There is just the price fixing and price gouging

@washboard7793 2 ай бұрын

@@gtingaming716yeah I also got kicked in the head by a horse and agree with you! the guys who have been in power for what, a couple of months? are to blame for every issue rather than the guys who spent the last 14 years, allowing this behaviour from energy (and water) companies, giving handouts to their mates and hollowing out public services :)

@HA05GER 2 ай бұрын

@@gtingaming716do you know when our country was it's wealthiest and we had the highest GDP per capita? It was under labour.

@drunkengamer1977 2 ай бұрын

@@gtingaming716lmao a reform drone 🤣

@raphaelandrews3617 2 ай бұрын

Prices for producing electicity has been going down for nearly 10 years but in the UK prices are going up.Why??? we are been ripped off , while power companies make RECORD profits.

@The_gaming_archaeologist 2 ай бұрын

It's what happens when the utilities are owned by greedy corporations and not nationalised.

@janeknight3597 2 ай бұрын

We use gas to generate electricity.

@edix1673 2 ай бұрын

Brexit.

@chrysalis4126 2 ай бұрын

Its the gas we use to make our electricity that causes the problem.

@kanedNunable 2 ай бұрын

@@The_gaming_archaeologist not just that. most of ours are owned by foreign investors, meaning all that money leaves the UK too.

@izzytrue8630 2 ай бұрын

The highest energy bills in Europe and the lowest state pension. Something gotta give!

@graemeross1998 2 ай бұрын

Riot revolt

@wulfhere83 Ай бұрын

We should act like the French, the French don't take it lying down.

@TheKayliedGamerChannel-YouTube Ай бұрын

Unfortunately our new Liebour government is clamping down on anyone who questions their motives... and the MSM is scared ... the News is a joke now, It's becoming a State Run country

@njdenney69 2 ай бұрын

What angers me is the fact that it's not the unit price which has gone through the roof of late, it's the standing charge, so you pay through the nose even if you don't use anything! Proof that it's not the cost of the gas/electricity which is increasing, it's the greed of the companies 🤬

@My_HandleIs_ 2 ай бұрын

Get a heat pump (source: air or ground/geothermal), insulate your silly UK houses to decent standard (a swedish modern 150 m2 house uses 6-7000 kWh/year!!! Up north!!) Then get solar panels to offset the grid prices! Then get an EV or plugin hybrid to avoid fuel prices. I haven’t visited a petrol station for 2.5 years! Not even for lawn mower (electric plus Automower)

@leemccourt1604 2 ай бұрын

The argument for standing charges is, if they didn’t have them the unit price would go up, no the profits would go down. Ofgem is a joke.

@maurabrown6229 2 ай бұрын

I totally agree

@lynnoorman2144 2 ай бұрын

@My_HandleIs_ I hear your idea. However, with many houses in the UK it would be a question of retro fitting houses that are 100 years old or built to a low standard (1960s onward). Which is expensive for the individual householder. I hope that helps you understand that UK is a bit of a different case.

@harrydebastardeharris987 2 ай бұрын

I have switched off the gas heating so use zero gas,but still pay for the standing charge.

@frankjenkins6627 2 ай бұрын

Pure greed nothing else.

@raphaelandrews3617 2 ай бұрын

Beyound greed, pure spite, we are actaully paying for French/Germany and Spanish customers in the UK,

@flickthenick 2 ай бұрын

@@raphaelandrews3617explain how this works?

@geeksworkshop 2 ай бұрын

There was never any Cost of Living Crisis. There is just the price fixing and price gouging.

@frankjenkins6627 2 ай бұрын

@@raphaelandrews3617 so true we .

@aleph8888 2 ай бұрын

Start fracking in the UK

@MrDavidp180 2 ай бұрын

Greed and profiteering

@gmanlee575 2 ай бұрын

English society is a feudal society, landlord and slaves basically extremely similar to russians. Dutch on the other hand is a real progressive people and society

@My_HandleIs_ 2 ай бұрын

@ArtyFactual_Intelligence 2 ай бұрын

TUFTON STREET.

@AJ-xv7oh 2 ай бұрын

@@My_HandleIs_If only we hand £20,000 lying around.

@goblin457 2 ай бұрын

By everything look how profits are up for the likes of Tesco not only the energy companies

@lokischildren8714 2 ай бұрын

Energy companies profiteering

@jackjanpour8532 2 ай бұрын

Nope. Keep making wars with every country,

@My_HandleIs_ 2 ай бұрын

@joshwoodland5103 Ай бұрын

@@jackjanpour8532 You trying to say the energy companies aren't profiteering. Because there is a ridiculous amount of proof that goes against this claim.

@michaelgriffiths5723 2 ай бұрын

Another example of why privatisation of utilities and infrastructure is a bad idea.

@cup1966wow 2 ай бұрын

The funny thing is this is the regulator causing this not the companies. So would likely be same under government. As it would probably be same regulator.

@michaelgriffiths5723 2 ай бұрын

@cup1966wow the companies don't have to charge the maximum the regulator allows do they?

@cup1966wow 2 ай бұрын

@@michaelgriffiths5723 Why wouldn't they and why wouldn't a government. I don't get how the regulator has set that price. There's an issue with the regulator here.

@SuperMcbonez 2 ай бұрын

@@cup1966wowit’s a mix of both private companies and the regulators that are at fault here as they tend to be operated by previous high ranking employees from said companies. We cannot really live without energy. When it comes to vital goods and services they tend to operate better as publically funded services rather than being privatised. Just look at the state of our trains/health service/prisons/water all industries that have varying and increasing levels of privatisation.

@cup1966wow 2 ай бұрын

@@SuperMcbonez Yeah I get you I just unfortunately don't think it will be any cheaper when it's public. But to be honest I don't think privatisation works when theirs not competition and utilities don't have true competition so it doesn't work.

@FRU.No.1 2 ай бұрын

*British gas profits jump 10 fold from £74m in 2022 to £750m in 2023. We are a nation of suckers*

@veganbarnsley15 2 ай бұрын

We are lead by criminals. Still nearly one in four voted Tory. Labour need to pull their finger out.

@My_HandleIs_ 2 ай бұрын

@theolddog5129 2 ай бұрын

The previous year Centrica (British Gas) had made a loss as they were not allowed to pass actual costs onto consumers. In 2023 they were allowed by the regulator to recover previous losses. So the comparison between 2022 and 2023 is flawed. The shareholder yield even this year is only 3.27% which is actually quite low compared to the BOE interest rate. So we the consumers are not being ripped off. Why would shareholders take the risk of investing in BG unless their return was close to the BOE interest rate? The reality is that we, who are now mostly of pension age, voted to sell off our national infrasture during the 1980s and enjoyed the proceeds. Now the whole population is paying the price for those excesses.

@oweng7987 2 ай бұрын

@@My_HandleIs_Lol, your suggestions to save money would cost at least £100,000 to implement. Genius financial planning right there.

@markcoomber8222 2 ай бұрын

@@oweng7987If your house would cost that much to convert then you must be living in a very large house and hence should be able to afford the rise. Otherwise you must be lying. Which is it ?

@colinwiseman 2 ай бұрын

I can understand the unit rate going up, to some extent. But why is the standing charge going up still? Why are the public still paying for failed BUSINESSES and for BUSINESSES to buy energy to sell to us? Surely being a business means you take risks like taking on new customers and buying energy? The standing charge is now £1 a day, pretty much. If I go away for a month, and not use anything, nothing coming in, everything turned off...I'd still pay £30 for zero work.

@chrysalis4126 2 ай бұрын

The standing charge for my July bill was £27 something and the price for my gas and electric actually used was £16 something.

@helpmaboab1 2 ай бұрын

@@pamvarnsverry2444many thousands are not. Waiting time for repair is many months

@theolddog5129 2 ай бұрын

That is not how business works. In order to take risks a business has to make a profit such that overall the profit is considerably higher than the risk being taken. Businesses fail when the risks they take are greater than their profits. Also a business needs to make a reasonable level of profit for it to survive and secure investment (which is essentially shareholders lending the business money) year on year for it to survive. Remember that your pension funds are huge shareholders - if they did not receive a return on their investment your pension would go down in value year on year. Unless the energy industry is nationalised, the businesses have to make profits in order to survive. As for the standing charge, you are paying for the infrastructure that is there to supply gas or electricity to your premises. It's no different to paying the costs associated with car ownership irrespective whether the car is driven or standing on the drive.

@My_HandleIs_ 2 ай бұрын

@SteveJones-gz4vd 2 ай бұрын

Net Zero that is why . if you voted Labour or Tory then you deserve everthing you get . Understand ?

@tankrabbit534 2 ай бұрын

Donors are cashing in. [it is called corruption in any other country, here it is donations and lobby]

@edvigq 2 ай бұрын

Which donors?

@OneEyedWheeler 2 ай бұрын

@@edvigq He doesn't know, he's just waffling.

@keldsleepnot7961 2 ай бұрын

@@edvigqoil and gas companies. Known to donate to political parties the world over to influence pricing

@infosuge 2 ай бұрын

@@OneEyedWheeler in the uk MPs don’t have to declare donations. So we know it’s happening but don’t know who by.

@geeksworkshop 2 ай бұрын

There was never any Cost of Living Crisis. There is just the price fixing and price gouging. The corps rise their prices and see record profits of billions upon billions and the poor folk pay for all the rich peoples holidays and extra homes.

@infosuge 2 ай бұрын

All “crisis” are in fact neoliberal policy. Housing, immigration, energy, climate, social care etc

@gazsm1 2 ай бұрын

I've said this many times, the 'cost of living crisis' was so named by government/media and implies that we, the ordinary people, are to blame. What it should accurately be called is a 'cost of greed crisis'! Every big corporation, EVERY one of them, have made record profits during the 'crisis' and all the 'ordinary people' have suffered enormously because of their greed.

@naeedaafzal3055 2 ай бұрын

It's going to get worse if we don't wake up! They are using media to get ppl fighting with each other on immigration issues 🙄 can you see what the elite are doing

@marcust123 2 ай бұрын

Spot on

@174trek 2 ай бұрын

@@infosugemanufactured crises

@cat_glove 2 ай бұрын

Professor not answering the question. Talking about energy efficiency. Why are our prices so high.

@creasedlinen 2 ай бұрын

He’s probably receiving money from the Energy companies

@flygrace 2 ай бұрын

He was useless. Complete waste of tiome having him on.

@firebyrd437 2 ай бұрын

@@flygraceI agree, the only pertinent thing he said is more people die with cold here than in Canada

@colinallan1962 2 ай бұрын

He used to be an advisor to the government.

@flygrace 2 ай бұрын

@@colinallan1962 The last government? That figures.

@cat_glove 2 ай бұрын

It's corruption.

@-The-Darkside 2 ай бұрын

You'd like to think that, but it's not corruption when it's the entire scam. It's by design.

@daveward4358 2 ай бұрын

Can someone tell my why i pay more for the standing charge than the acual electricity i use?

@kanedNunable 2 ай бұрын

greed

@steveozone4910 2 ай бұрын

You might want to sit down.

@jpldriver 2 ай бұрын

You are paying the rich shareholder's!

@stuartregan1627 2 ай бұрын

Corruption

@David-zw7te 2 ай бұрын

The reason why France's energy bills didn't go up is simple. EDF own nearly 20% of the UK market share for energy. EDF energy is a French state owned company. So we paid to keep their bills low. This happens with other foreign state owned utilities too - Deutsche Bahn, German state owned company owns our trains. In other words, our utilities are state owned, just not by our state.

@n7xyy 2 ай бұрын

Pure greed from people who are already multi millionaires 😡😡😡😡😡

@dottyp137 Ай бұрын

Billionaires

@davidking5765 2 ай бұрын

Greed. Greed is at the heart of all that is wrong with this country.

@Gius3pp3K 2 ай бұрын

The Professor failed to say one thing. The main issue is the so called ‘energy regulator’, who conveniently decrease the price cap during the summer months, when energy usage for heating is zero, and they increase the price cap over the winter when people need to heat their homes. In my opinion, the regulator is in cahoots with the energy companies, and getting their palms greased. They don’t do what is for the best for the elderly and vulnerable.

@BrianWillcox-qp2hr 2 ай бұрын

Because there's nobody to stop them,,, it's daylight robbery.

@naeedaafzal3055 2 ай бұрын

Yes when we just moan and do not rise against the real trouble makers the elite not immigrants

@brianferguson7840 2 ай бұрын

Here in France 🇫🇷 our energy only went up by 14% not the 120% in England. Although 🤔 we have the same supplier EDF.

@bowjana8128 Ай бұрын

France is a better country to live then England

@222inverter Ай бұрын

Also EDF is french

@maureenharris8255 2 ай бұрын

In 1 word - greed!

@barbaraurquhart2276 2 ай бұрын

It's needing to be put back under government control they are needing to stop all privatisation that Margaret thatcher started get everything back under government control but then with this labour government you wonder because they aer even worse than the tories

@Human_Herbivore 2 ай бұрын

It's almost as if all essential services should be renationalised.

@theolddog5129 2 ай бұрын

That would require money which has all been spent!

@Human_Herbivore 2 ай бұрын

@@theolddog5129 well, we know it's going to happen with transport companies, so onward and upward.

@IndiBrony 2 ай бұрын

@@Human_Herbivorethey've created Great British Energy to get that ball rolling as well 👍

@khyron8509 2 ай бұрын

That professor just doesn't get it at all, Scotland can provide roughly 113% of Scotland's electricity requirements from renewable sources yet pays the highest electricity bills in Europe ! It's the UK energy policy that's complete and utter garbage.

@My_HandleIs_ 2 ай бұрын

@khyron8509 2 ай бұрын

@@My_HandleIs_ I live in social housing so cant do the kind of upgrades your talking about I also don't have any need for a car as I live right in the centre of my home city, our heating is provided by an external boiler that I don't have access too but my electricity has pretty much doubled in price the last two years despite me actually spending more time at work than I've ever done before, insulation isn't my problem its the energy policy of the UK that's to blame.

@AngelaH2222 2 ай бұрын

@@My_HandleIs_why are you spamming the comments section, do you have a financial interest in a heat pump company.?

@MinkieWinkle Ай бұрын

Of course he does, The facts are, heat pumps cost you 30k to install when you factor in all the upgrades needed to actually get them to work in a uk home, especially older hones. Then he suggests getting solar, another 8k Then an ev and charger so another 40k So his suggestion to people who already ate struggling financially is to spend 78,000 upfront. Which would pay for many multiple decades of regular heating bills. He is talking nonsense

@AbuYusha01 2 ай бұрын

Disgusting

@Frederique41 2 ай бұрын

Truly disgusting

@OOvki 2 ай бұрын

You can insulate your house from top to bottom and turn everything off for the whole of the winter season and you will still be required to pay hundreds if not thousands of pounds in standing charges plus V.A.T. Something wrong there for starters.

@maddogair 2 ай бұрын

*Corporate Price Gouging* !

@David-bi6lf 2 ай бұрын

Just wait for it early next year the energy generators will announce recording breaking profits. In fact I might just go and place my life savings on it I'm so confident of a win 😂

@simonaveline5542 2 ай бұрын

36 Billion spent on "track and trace" could of built 2/3 Nuclear power stations?

@darrylsimpson4744 2 ай бұрын

And PPE? And furlough fraud? And the cost of all the implementation of Brexit? That’s why we’re fu**ed.

@beatonthedonis 2 ай бұрын

It takes 15 years to build a nuclear power station. The Tories got their kickbacks virtually straight away with track and trace.

@laurentdrozin812 2 ай бұрын

@@beatonthedonisThe price tag on the Covid stuff still makes my head explode.

@Manu-Official 2 ай бұрын

I'm going to make it sound even worse: The French equivalent app to Track and Trace cost was €6 Million.

@wildbill7289 2 ай бұрын

We had 2-3 power stations planned under Brown, and ofc the Tories immediately shelved them when they came to power in 2010. What a great decision that was in hindsight.

@northnsouth6813 2 ай бұрын

British Gas, showed its profits jumped to £751m in 2023, up from £72m a year earlier, what changed?

@richardtodd6559 2 ай бұрын

The price drop was a con…they simply doubled the daily standing charge…drop price during summer when nobody uses it then doubles it during winter and triple profit…it’s same with petrol

@My_HandleIs_ 2 ай бұрын

@Alex-cw3rz 2 ай бұрын

We have one of the highest energy prices in the world.

@Marvin-dg8vj 2 ай бұрын

We are tackling climate change . This means we don't use coal and we have lots of renewables .Of course this will lead to higher prices . It has done gradually for ten years

@Alex-cw3rz 2 ай бұрын

@@Marvin-dg8vj renewables are the cheapest form of energy in the world. At one point over 7 times cheaper than Gas, coal is an expensive energy form and not cheap at all.

@Marvin-dg8vj 2 ай бұрын

@@Alex-cw3rz you are one of the many victims of a massive fraud . It should be easy for you to question the propaganda you have been given .The more interrmitent renewables we have the higher the cost of electricity all over the world. Taking into account the costs of intermittent power and the lack of storage wind and solar are about 5 times the cost of gas .Watch as our bills rise steadily over the next decade

@davidwinkle4168 2 ай бұрын

@@Alex-cw3rz Denmark - highest number of wind turbines / capita in Europe = highest electricity price. Germany - 2nd highest number of wind turbines / capita in Europe = 2nd highest electricity price. UK - 3rd highest number of wind turbines / capita in Europe = 3rd highest electricity price ....Fact! Go Figure.

@bowjana8128 Ай бұрын

And we are the worst places to live in the workd

@WilliamThomas-dz1fs 2 ай бұрын

Privitisation and Brexit, British public voted for both !!!

@The_gaming_archaeologist 2 ай бұрын

People fell for lies from the Tory party in regards to privatisation, saying it makes everything better and easier.

@kanedNunable 2 ай бұрын

nobody under 50 voted to privatise all our utilities. happened before we could vote

@marmedli9124 2 ай бұрын

Nothing to do with Brexit stop lying.

@markwilkie3677 2 ай бұрын

The Scottish part hasn't voted Tory in almost 70 years and rejected Brexit.

@Manu-Official 2 ай бұрын

First thing Boris Johnson did, was to allow water companies to dump raw sewage in rivers and sea shores.

@FreeWhilly734 2 ай бұрын

They raise prices people get smarter they get smart meters, cut down on usage, get more efficient appliances... End result these big energy companies see a drop in revenue so they raise prices to hit earnings for shareholders. The cycle repeats constantly. People use less energy than they did in the 90's but energy cost 2x. Private companies need to show growth to shareholders. I honestly don't know how you change it really without turning the system on it's head.

@FreeWhilly734 2 ай бұрын

It does make you laugh at the government pretending to care but in all honesty it's all PR nonsense. They can't actually do anything to these firms without massive collateral damage.

@williampatrickfagan7590 2 ай бұрын

The Irish government gave each personal electricity account holder 3× 150 euro contributions to their electric account. The money was paid directly to the electricity suppliers. That has been the case for the past 2 years. Means tested peole also get 32 euro a week for 5 months every winter for energy. Nobody in Ireland ends up in hospital due to hypothermia.

@arod9998 2 ай бұрын

Yeah but you need to pay 60 euros to see a GP in Ireland. And why is an Irish person watching British LBC on KZbin. Don’t you have Irish news programs you can watch????

@williampatrickfagan7590 2 ай бұрын

Most people in Ireland have free GP and medicine. My O A P is 300 euro a week. plus 2 double weeks pension just before Christmas. I like mental stimulation is the reasonwhy I watch interesting news clips. I also watch France 24 and Euro news.

@My_HandleIs_ 2 ай бұрын

@williampatrickfagan7590 2 ай бұрын

@@My_HandleIs_ Those suggestions would cost a lot of money. But you are correct. I removed 100 mm of glass fibre attic insulation and installed 250 mm of sheep's wool. Yhen had walls pumped with insulation then 50 mm insulation on internal walls. That was 15 years ago. Best 8,000 euro I ever spent.

@craptacular8282 Ай бұрын

All a bit suspect. The price cap dropped for Summer when we're not really using energy which allowed the Tories to claim victory over inflation. Now that winter is here and we actually need to use the energy, its going back up.

@duaplex1 2 ай бұрын

Because they allowed greed to set in. Now in a truly capitalistic way the energy companies are exploiting the chance given.

@paulPeasmarsh 2 ай бұрын

Governments are supposed to look after the people, they see the people as assets to exploit, it's nothing less than abusive behaviour.

@The_gaming_archaeologist 2 ай бұрын

It's called Capitalism. That's the root cause of all of it.

@twisteddancer7773 2 ай бұрын

Did you post this message vire pigeon

@arej00ryan 2 ай бұрын

@@twisteddancer7773 why would you defend capitalism? couldnt imagine a better system?

@edix1673 2 ай бұрын

Its called Brexit. That's the root cause of it all.

@MrNorthWales 2 ай бұрын

you dont like democracy?@@edix1673

@arej00ryan 2 ай бұрын

@@edix1673 I'm an idiot, can you explain to me in simple terms why are it ha caused this

@MargaretDeakin-d6m Ай бұрын

Our energy is provided by foreign companies that is why we pay more. Private foreign companies have no interest in helping the uk.

@ony583 2 ай бұрын

It's easier to overcharge when it's overcomplicated.

@robtyman4281 2 ай бұрын

Unless Labour do something about this, and get a handle on energy prices, and the obscene profits that Energy companies are making; then the UK is 'done' as a country. It will be over essentially.

@pamvarnsverry2444 2 ай бұрын

Martin Lewis has some profound veiws on the removal of the winter fuel allowance.

@stuartsanders7829 2 ай бұрын

You watch all the big energy companies will be boasting massive profits after this price rise its totally unnecessary

@simonaveline5542 2 ай бұрын

You will own nothing and be happy! is this not part of the plan? Unless your in the .1% club

@bezza4271 2 ай бұрын

You mean I get to be happy, I'll take that.

@My_HandleIs_ 2 ай бұрын

@eebehuur 2 ай бұрын

In 2023, Gas compaies saw record proffits. British Gas alone, saw their proffit increase tenfold from 72 million to 750 million! Other providers saw similar rises in their proffit. And now they are rising it again. They will continue put prices up until they are challenged.

@My_HandleIs_ 2 ай бұрын

@sofalock3911 2 ай бұрын

"Seems that there is no mass homlessness or people starving to death. That means we can raise the prices of energy and food some more. We leaned so much from Covid, didn't we"

@stephenlewis8760 2 ай бұрын

The crazy thing in customers of EDF are subsidizing french customers! When the French government stepped in and told EDF to swallow the losses it was UK customers making up the difference. I wonder how many former Tory MP's are now NED for the energy industry.

@margaretmacmurray658 2 ай бұрын

Because of our corrupt government and ofgem one in the same , who's in who's pocket.

@philbamford6957 Ай бұрын

Hes more bothered about removing thatchers portrait in no10 than about gas and electric companies ripping us off.

@MC-zr6gc 2 ай бұрын

The professor sounded like the PR guy for the energy companies

@theolddog5129 2 ай бұрын

No - it's just that he understands how energy pricing works!

@fabfran4104 2 ай бұрын

No, he kept wittering on about insulation etc and didn't explain anything about why UK prices are so much more than continental prices @theolddog5129

@japfourme381 2 ай бұрын

There is only one reason why fuel and energy prices keep going up, GREED!! No matter what they say about we’re paying for green energy, or net Zero, just look at the profits they make, then look at what they actually spend on Net Zero or the Green tech, and I guarantee it will be minuscule, compared to the actual profits they’ve made!!

@stevencharlton7693 2 ай бұрын

I live in Orkney. We produce ALL the electric used in the Islands through renewable methods such as wind and tidal, but our bills are still based on gas prices (even though we don't use gas to produce electric) and because of that we pay bills that are second highest in the UK (95% higher than the national energy cap)... So this 10% price hike will feel more like a 20% price hike for us!!! PATHETIC!!!

@worldview730 2 ай бұрын

Greed, Greed, Greed, why do we continue to vote & allow these leaders to wreak our lives time & time again

@magoomagoon 2 ай бұрын

British Gas profits for 2023 increased 10-fold to £750m. SEVEN HUNDRED AND FIFTY MILLION IN PROFITS. Let that sink in.

@davidrose213 2 ай бұрын

Did Energy Companies have to take on the debt by Companies that went bust. Just hike the standing charge so you pay more even if you’re using no energy at all. In the past I switched twice but both Companies went bust so I got nowhere. MP’s can claim £3:600 per year for heating plus an annual above inflation pay increase. How can they understand the plight of ordinary people.

@petefraser3013 2 ай бұрын

This professor is obviously a corporate apologist

@My_HandleIs_ 2 ай бұрын

@AngelaH2222 2 ай бұрын

@@My_HandleIs_if you are going to respond to comments please do them the courtesy of a unique Genuine comment, rather than repeatedly copy & pasting a ridiculously expensive option which you know full well the average person can't afford to do... Maybe you're trying to be intentionally ridiculous,,,,,

@sbalmer132 2 ай бұрын

I thought the Regulator was there to ensure fairness for the consumer but I was clearly wrong,he’s there to boost the profits of the energy companies

@aytw661 Ай бұрын

And yet people still oppose to renewables

@mjl2904 2 ай бұрын

Harsh on labour in my opinion, not even the Greens or the Lib Dems would have been able to save you this winter.

@veganbarnsley15 2 ай бұрын

Really? Why are we suffering when people in Europe are not by comparison? Why can’t they stop this robbery?

@ClarkLamontBeedie 2 ай бұрын

@@veganbarnsley15 Hmm, yes, why would a trading block of 26 countries in a customs and political union be able to negotiate better energy prices than a sad little island full of right-wing isolationist bigots run by investment bankers and aristocrats that're beholden to their "donors" in the fossil fuel lobby and sold off all the public assets...

@topfuelteddy 2 ай бұрын

@@veganbarnsley15Exactly!! I thought labour were dead against this sort of profiteering and looked after the working class ? Hold my beer .

@marcust123 2 ай бұрын

Labour are a joke they scraped the winter fuel payment for the elderly cam they get any more lower

@ChrisLitton 2 ай бұрын

Red tories can't say I'm surprised

@elpresidente8730 2 ай бұрын

Why is the cap rising again? Ask the shareholders. I am sure they will be squiring it away in their offshore bank accounts. The answer is greed, greed, greed.

@Exo98761 2 ай бұрын

National grid have just finished selling off 100% of the UK's gas infrastructure and is owned by the same australian company who loaded thames water with debt and sold it. they also own other uk water companies who are almost going into administration with debt.

@swally291 2 ай бұрын

I don't think that is factually correct. SGN own the Scottish Network and also a bit down south. SGN owners were two Canadian Teacher groups and Abu Dhabi investments.

@Exo98761 2 ай бұрын

@@swally291 apologies, to make a correction my understanding is that national grid sold off the transmission network and SGN own a distribution network But the transmission network is the backbone of the uks gas network sending high volumes of high pressure gas to all of the distribution networks. Really just shows how privatized our utilities are and all the money leaving the UK which is a real shame.

@My_HandleIs_ 2 ай бұрын

Private ownership of commonly needed infrastructure is the stupidest EVER.

@swally291 2 ай бұрын

@@Exo98761 Again, I don't think that is factually correct. SGN own all the pipelines in Scotland and some down south. They maintain and replace them. I worked on the network for 39 years.

@Exo98761 2 ай бұрын

@@swally291 I am not talking about all the pipelines but only the National Transmission System network. I must admit I don't work in gas but try to understand what my share holdings do. Taken from the NationalGas website "our network of pipelines transport gas at high pressure from entry terminals and storage facilities to exit points, where the gas is transferred to the four Gas Distribution Networks(GDN) for onward supply to homes and business" The main issue for me is that a British public company has now sold 100% of our gas backbone to an Australian company which is also causing our water companies to collapse. it's only a matter of time we see lack of investment and loading of debt to this company.

@tahirqureshi628 2 ай бұрын

The most expensive country to live in.....no one can afford anything

@IMBlakeley 2 ай бұрын

Should never have sold the utilities off to foreign investors. I lived overseas for a while, the government there capped the prices such that even now the electric is 1/10 of the UK and no standing charge.

@TobaJones77 2 ай бұрын

Did that first expert even understand the question?? Useless answer about improving energy efficiency when the question was why is energy in this country more expensive in the first place.

@dawaring169 2 ай бұрын

The rich getting richer

@simonwhiting6929 2 ай бұрын

Profiteering pure and simple. The whole industry should be nationalised.

@twisteddancer7773 2 ай бұрын

Because the other half of the uni party says so. Who voted for them anyway

@kanedNunable 2 ай бұрын

you call them the uni party. if thats so why was it the tories who privatised everything. wasnt labour was it?

@tomvandersteen5880 2 ай бұрын

If people thought that voting in Labour in would immediately cancel out the last 14 years of poor decisions by the British electorate they were sorely mistaken. Nothing is going to fix the situation in the short term and things are going to get worse before they get better, but at least we are taking the right steps to start fixing the problems instead of continuing to allow them to get worse.

@veganbarnsley15 2 ай бұрын

Explain what they are doing to alleviate this? I don’t expect things change overnight but what exactly are they doing to help working people, the people they were formed to represent and serve?

@tomvandersteen5880 2 ай бұрын

@@veganbarnsley15 The thing they are doing to specifically alleviate the energy price problem is the creation of great British energy. Once up and running for the first time in modern British history we will have a publicly run energy company both providing affordable competition and subsidising British energy bills. The French have been doing this for decades with EDF and it works for them well and helps keep energy prices lower for the public. However as I said, it’s not going to help us overnight, there’s no magic bullet that cures our decades old reliance on Russian resources and poor energy infrastructure, so we’ve got to have a government that puts the hard yards in and thinks long term, but at least we have that now (hopefully, I’m not so naive to assume success is a given, but at least it’s the right direction).

@20165776YEAR 2 ай бұрын

really? the goal is you will own nothing and be happy

@tomvandersteen5880 2 ай бұрын

@@20165776YEAR Eh? 🫤

@tomvandersteen5880 2 ай бұрын

@@20165776YEAR I don’t really get what you mean, but I guess as long as I’m happy 👍

@geoffbucks5803 2 ай бұрын

Matt, Im Hundreds of pounds out now as a Pensioner.. I have £24 over the limit for applying for a Pension Credit - that £24 will cost me £600 in lost weather allowance and warm allowances IVE WAITED 14 YEARS FOR A LABOUR GOVERNMENT AND NEVER IN A MILLION YEARS WOULD I BELICE LABOUR WOULD DO THIS TO PENSIONERS

@williamelewis464 2 ай бұрын

Hmmm…you have a very simplistic look on something that was enacted before Labour ever came into power…but please explain, to the folks on the internet how the total cost of what you think you will pay, versus how much you actually make per year off the pension model please, because you left those actual numbers out.

@geoffbucks5803 2 ай бұрын

@@williamelewis464 so our state pension and private pensions is around £336 per week Taking us above the earnings limit by a few pounds a week to claim pension credit

@geoffbucks5803 2 ай бұрын

@@williamelewis464 justify the increase in standing charges ! It’s indefensible

@jondonnelly3 2 ай бұрын

Pensioners don't vote for Labour. So Labour punish them.

@calvintaylor4033 2 ай бұрын

@@jondonnelly3 I haven't seen the stats but I know quite a lot of pensioners have voted Labour like their parents did before them .

@baldobaz1 2 ай бұрын

Greed, plain and simple.

@PP-G 2 ай бұрын

British Corporate extortion

@akaski777 2 ай бұрын

Doubt if anyone will protest about it, but that's the spirit of the age

@AlanFagan-y5l 2 ай бұрын

@@gavinsmith9564What else can he do,when the Country mistakenly but democratically voted for Brexit?

@keycuz 2 ай бұрын

Lead the campaign Matthew. Without public pressure, politicians won't do a thing.

@pipoo1 2 ай бұрын

This is why moving away from gas matters. Take away the environmental argument and the bottom line is wind powered electricity is 60-75% cheaper than gas generated electricity. Ending out dependence on gas for generating electricity and becoming self sufficient as an energy generator again, as we used to be is the key to long term lower energy bills. Owning the means of production won't hurt either.

@Human_Herbivore 2 ай бұрын

Long since time to tax the fossil fuel companies properly on their record profits.

@u2kjib4cjkqn 2 ай бұрын

Fossil fuel ,catch up

@johntthomson7538 2 ай бұрын

Get rid of this regulator. Works for energy companies.

@Al-Hunt-acrylic-painter 2 ай бұрын

I voted for Labour, but I am starting to think that they are the same as the others.

@thedreamer3454 2 ай бұрын

You are aware that the Tories were in power for 14 years. What u think ..they could just change everything in 3 months with no money 😊

@Al-Hunt-acrylic-painter 2 ай бұрын

@@thedreamer3454 don't be silly. Of course I don't think that. 🙄 I just feel disheartened with things.

@dominiquegelin295 2 ай бұрын

We are considered as well behind second class citizens

@petermizon4344 2 ай бұрын

TAKE THEIR PROFITS OR AT LEAST HALF IF THEM AND GIVE IT TO THE PENSIONERS WHO MISS OUT ON WINTER FUEL PAYMENT

@Stuark54 2 ай бұрын

Remove the winter fuel allowance and now this? It’s almost as if they’re going to undercut all energy companies when they create ‘Great British Energy’.

@mattjones1207 2 ай бұрын

Share holders gotta get their dividends

@stivyuk6266 2 ай бұрын

Because we live in a society where greed before need is the priority. Thatcher started all this with her ideology that wealth deserves more wealth. I have worked for companies and I’m sure others have too Where the company has made for example £4million profit this year but then go on to predict to their share holders that they would make £6million profit the next year. And if they don’t make what they predicted they feel like they failed Such ideology needs to be dialled back

@Stalker-nv7gi 2 ай бұрын

Ask the expert a question, he says "insulate your house"! 🤣🤣🤣🤣🤣🤣

@gazsm1 2 ай бұрын

Here's the truth of the matter, that 10% rise in energy costs won't be because of rising costs of gas or oil... it will mostly go towards paying investors! So, someone who has £10million invested in an energy company will gain more, in dividends, from the higher price cap. EDF, for example, uses its profits from the UK to subsidise the French people's energy. A French public owned energy company can charge British citizens much more than its own citizens because our government allows them to charge us more.

@chrysalis4126 2 ай бұрын

In 2017 the tories closed down the gas storage facility which stored 70% of the gas storage of the UK. Centrica owned it,the same company who have made vast profits.

@AKHill-gj2uy 2 ай бұрын

Centrica closed it, the Tories/Labour/LD/Greens/SNP/PC et al failed to legislate to stop them.

@Warbsy1990 2 ай бұрын

Well if you have EDF as an energy supplier... You subsidised the french power costs.

@sardav160479 2 ай бұрын

How much will the bosses of the energy companies get in bonuses

@AngelaH2222 2 ай бұрын

They certainly won't be wearing mittens and bed socks to bed

@robbenton9470 2 ай бұрын

Because electricity is more expensive today than it was yesterday because things...oh and profits were dropping.

@mogainz 2 ай бұрын

Companies make more money, government gets more money from them simple really

@quizabox 2 ай бұрын

Bring back The Wright Stuff!

@AitkenSteele 2 ай бұрын

Any service that people rely on to survive SHOULD NOT have a profit motive. This goes for water, electricity, heating, public transport and others. The last 40 years of privatisation, with companies under investing in infrastructure whilst generating larger and larger profits for their shareholders every single year can only end one way. Just look at Thames Water and what a shambles of a company that is. They've pulled every ounce of profit off the bones of the company and now it'll be up to the government to spend billions to stop it from collapsing. Profits are privatised, losses are socialised.

@Wr5379-g2y 2 ай бұрын

Rip of Britain why don't the patriots protest against energy prices

@juliejeavons6949 2 ай бұрын

Because the “Patriots” aren’t really patriots in the sense of caring for the country and wanting positive change.

@EVRealFacts 2 ай бұрын

Utter greed. When is this country going to drag these grifters out of power. The govt does not represent us or have our interests at heart full stop.

@sarahjaneross2918 2 ай бұрын

Anyone would think that voting doesn't change anything 🙈 if it did, they probably wouldn't let us.

@oldwoman7047 2 ай бұрын

“Yeah but” a phrase I hear all the time in the UK

@abt833 2 ай бұрын

And still no answer why our prices are rising faster, especially when renewable costs have dropped

@razr8296 2 ай бұрын

someone has to pay up for the energy shareholders, that will be you lot.

@My_HandleIs_ 2 ай бұрын

@kaseycornflakes1234 2 ай бұрын

Purely from the `psychological` point of view Labours big mistake was that they targeted the pensioners FIRST, instead of looking at other aspects of saving, then much later looking at the Winter Fuel Allowance. This gives the impression of not caring for the elderly. However we look at this there is a `grey band` of pensioners, just above the cut off point, who are not millionaires or very rich and will suffer this winter time. It would also help to keep the public `on side` if the politicians themselves were to `take a hit` financially. After all Labour was elected on the word `Change`. It would be wonderful if Labour showed up those `money grabbing Tories` by taking a salary cut and refusing some of the perks of Parliament. Now that would be `change`.