Tom Pride, in serious mode, counters the myth that rising wholesale energy costs are the reason our bills keep going up. His facts are supported by evidence.
So what possible reasons are left?
Greed, maybe?
(not satire)
Here’s a graph which clearly shows that since 2008 wholesale energy costs have actually gone down while typical household bills have gone up by as much as 80%:
So it’s wrong to say our electricity and gas bills keep going up because of rising wholesale costs.
In fact not so much wrong as a downright lie.
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Related articles by Tom Pride:
Oh dear – look what Ed Davey was saying about nuclear power before he became a minister
Lib Dems and Tories have just agreed higher UK electricity bills for the next 35 years
Coalition split after Tory minister says UK ‘peppered’ with too many wind-powered Lib Dem MPs
Controversial urine extraction method given go-ahead by government
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Please feel free to comment – you don’t need to register and I’m extremely minimal with the moderating.
jezzerydoo said:
Seems pretty straightforward to me: Miliband says Labour would freeze energy prices, within a month energy prices SHOOT up, and probably will again before 2015 so that if Labour WERE to get in (unlikely because of Tory dirty tricks I reckon) and freeze prices they’ll STILL be laughing all the way to the bank. Pre-emptive action. Simple, and I thought a month ago “You daft pillock, you shouldn’t tell them that NOW, that’ll only make them artificially inflate prices long before there’s any question of Labour taking the government reins”. Wish I’d been wrong. But people need to circulate your graph far and wide, to put the lie to this “ooh sorry, we couldn’t help it – wholesale prices doncha know” crap that NO-ONE believes. Your graph has to go viral. Might help. Or might get you assassinated, who knows?
Mike Sivier said:
I’m not worried; it’s Tom’s graph.
It’s entirely possible that this action by the energy companies, which the public has rightly concluded is a mean-spirited attempt to screw as much profit out of them as possible before any price-freeze happens, will be a nail in the coffin of their period as privatised utilities.
When a member of the public asked, on Question Time last week, whether it was time for the energy companies to be re-nationalised, the suggestion was met with rapturous applause.
This decision can only harm the reputation and the viability of the energy companies as private entities. Let them do what they want. They’ll pay for it, a little further down the line.
Eunice Slyfield said:
Better sooner than later. Because there is going to be thousands Dying with in with the cold .and many more in debt.
Lilian El-Doufani said:
they’re a bunch of crooks. It is all short-termism driven by shareholder value. We, the customer, are the milk cows.