Re: huge loan that further benefits the energy companies
My solution is pretty simple, generate electricity and provide enough gas to keep people alive and well.
We hold these three truths to be self-evident:
1. Gas supply is low and currently comes from unstable countries. Any proposal to try and find more sources of gas is merely flogging a dead horse as it is a finite resource close to being exhausted anyway.
2. By now energy producers should have divested away from unreliable sources and they haven't.
3. Energy producers are charging energy suppliers record high bills to generate record excess profits. Clearly energy suppliers are acting as gatekeepers and profiting from it.
This can be fixed by:
1. Investing in non-gas energy sources on energy producers' behalf if they won't do it themselves. That means no further gas and also no further fossil fuels, because both are evolutionary dead ends. We choose not to access these because in two or three decades we'll be in the same position again.
2. Changing the energy market so it doesn't follow gas spot prices so suppliers pay less to producers.
3. Any loan from the state/taxpayer bailout to lower bills is just passing on the wealth of the nation to energy producers who will just add it to their profit line, and taxpayers will be left with a loan to pay off which is completely the wrong course of action. Taxing energy producers excess profits and using it to hold customers and business' energy bills down at no cost to the nation or to taxpayers is the right way to do things.
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Will they or is that projected? Why is that? And is that bad? This comes back to supply and the security of the supply.
It is bad because they are tanking the economy in pursuit of their own profits. This is not a true free market and if no action were taken then the UK would get plunged into recession.
So we should increase tax on suppliers when we want them to invest in more supply... to artificially reduce the price of energy bills causing greater use of the limited supply? While I agree with other sources of energy I am not sure we agree on the types of energy generation.
They've already had the chance to invest knowing supply is limited and they've screwed up, instead they've decided to profit from the current scarcity. There should be no qualms about relieving them of their excess profits which comes from end customers bills going through the roof, they need to learn that this course of action isn't profitable.