Chris O'Shea, CEO of British Gas says Labour will NOT lower your bills

[arista]

[Ed Miliband's Net Zero drive
will 'definitely not' cut energy bills
for customers, the boss of
British Gas' owner has warned.

Chris O'Shea,
chief executive of Centrica,
said he was 'frustrated' at the
'misinformation' that
renewable energy will bring
down costs for households.

His comments come as a major
blow to Mr Miliband – Labour's Energy
and Net Zero Secretary – and raised
questions over the Government's
pre-election pledge to
slash £300 off bills by 2030.]


https://www.dailymail.co.uk/news/article-14713435/British-Gas-boss-Ed-Miliband-net-zero.html


Poxy PM Starmer



Life In The City

[Cherie]

Yes I am increasingly frustrated by the lack of discussion about how electricity prices however it is produced are linked to the global gas price....nobody talks about it, nothing in the media about it....renewables fine in terms of producing electricity in alternative ways, but as for bringing down the cost to the consumer that is a red herring as it currently stands

[Liam-]

CEO of gas company making record profits in ‘don’t create other, renewable energy sources’ shocker

[Livia]

Milliband is going to be the one to fleece us all now, isn't he?

[Cherie]

CEO of gas company making record profits in ‘don’t create other, renewable energy sources’ shocker

Can you explain how your electricity bill will reduce with renewables given the electricity unit prices is linked to global gas prices? I dont expect an answer naturally

I am with a company who already produce electricity 100 per cent via renewables, where is my reduction?

[thesheriff443]

The guy that took over Thames water has just been paid a massive bonus after being there 3 to 4 months

Refusing to give it back when asked

[arista]

Milliband is going to be the one to fleece us all now, isn't he?


Yes
We need Chris and Ed
Live talking about Labour's Mess

[joeysteele]

Oh it's possibly likely that energy bills via green energy could come down by possibly around £300.
However I'm now thinking that by the end of this parliamentary term, that could now mean coming down from whatever high increases they've likely shot up to by the end of this parliamentary term

Meaning they will be a lot more than now EVEN with that reduction eventually.
So this guy is more probably right I'd say.

What more green energy may protect against more though, is the more ever rising overall costs of energy.

[arista]

CEO Chris
spoke on Laura, BBC1HD

She went to a Gas Field Structure
in the North Sea,
to talk to him.

He knows what he needs
from the Labour Party.


But shocking to hear the UK only
has 6 days of supply

[Oliver_W]

I don't trust that costs of anything will go down.
Tax tax tax, regulate regulate regulate ...

[arista]

https://ichef.bbci.co.uk/ace/standard/976/cpsprodpb/2260/live/7b57ca50-33ba-11f0-b50a-8f193c97c723.jpg.webp

CEO Chris O'Shea
British Gas (Centrica)


[The UK's largest gas storage facility could
be closed if the government does not help
support a redevelopment of the site,
the boss of the company which
owns it has told the BBC.
Centrica chief executive Chris O'Shea told
BBC One's Sunday with Laura Kuenssberg
programme that its Rough storage
facility would be "shut down"
without government
help over energy pricing.

Centrica - which owns British Gas - says the
site is set to lose £100m this year,
and it wants to invest £2bn in the
facility so it can use it to store more gas,
including hydrogen.
The government said the future of
Rough was a commercial decision
for Centrica but it was open to
discussing proposals.

The Rough facility is off the
coast of East Yorkshire,
and accounts for about half
of the capacity the UK has
to store gas.

It was closed in 2017, but then partly
reopened in October 2022 following
the energy crisis triggered by
Russia's invasion of Ukraine.]


https://www.bbc.co.uk/news/articles/c0mrwdzvrmzo