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29-10-2013, 02:52 PM | #1 | |||
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[Energy firm bosses are being asked to justify their recent price rises by MPs questioning them in the House of Commons.] http://news.sky.com/story/1161158/en...ght-on-big-six Live on SkyNewsHD and BBC A Labour MP just had a go at the Energy Bosses saying Profits are High. They said check a Supermarket or Phone Company they have the same profits. And the Profits are needed to carry on Trading. Last edited by arista; 02-12-2013 at 04:12 PM. |
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29-10-2013, 08:08 PM | #2 | ||
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profits are by definition NOT needed to carry on trading... the definition of net profit is income minus expenses. If they are making a net profit, then their expenses are less than their income, and therefore, they do not "need" it to carry on trading.
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29-10-2013, 08:12 PM | #3 | |||
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All hail the Moyesiah
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They are needed if they want to maintain their positions as the biggest energy companies
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29-10-2013, 08:12 PM | #4 | |||
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Well put!
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29-10-2013, 08:13 PM | #5 | |||
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All hail the Moyesiah
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Quote:
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29-10-2013, 08:14 PM | #6 | |||
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...and to continue to pay their "Fat Cats" obscene bonuses for making bigger profits regardless!
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29-10-2013, 08:18 PM | #7 | |||
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One might also ask, naively, if these bonuses are paid BEFORE the net profit is calculated or do they reduce the profit earned?
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ad nauseam - ad infinitum! Last edited by fingers; 29-10-2013 at 08:19 PM. |
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29-10-2013, 08:49 PM | #8 | |||
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Likes cars that go boom
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However supermarkets make a profit on things people want not need in the main... we need energy, imo it is not a luxury and should be VAT exempt. that would save 5-6% right off.
That is before you tackle the issue of profit.
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29-10-2013, 09:04 PM | #9 | |||
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Don't forget Britain's "Save the World" "GREEN TAX"!
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29-10-2013, 09:11 PM | #10 | ||
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Also, comparing themselves to phone companies and even moreso supermarkets, is a bit of a joke. In the case of phone companies, it's plain to see that competition has worked extremely well for the consumer, with phone contracts either remaining static in price or falling dramatically... it used to cost a fortune to run a mobile phone, but the effect of competition with contracts means that you can now get a brand new high end smartphone with generous allowances for £15 - £20 a month. 5 years ago it was more like £30 - £35 a month. 5 years before that most people were paying "per text" - a bill of £60+ wasn't unusual for me. As for supermarkets, you can't compare them at all to energy companies. It's a 2 minute transaction, you can shop around. Tesco cheaper than Asda for apples? Go to Tesco. But Asda's got a deal on washing powder? You can go there too, on the same day. Again, the effect of competition between supermarkets is very obvious. Energy providers, on the other hand? You can't look at who is offering the best deal on a day to day basis and say "Oh, I'll get my gas from them today then". If you could, maybe they would actually try to compete with each other. |
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29-10-2013, 09:15 PM | #11 | |||
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Likes cars that go boom
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What about it... do you not think there will be a nuclear tax?
There will and it will be huge, renewable energy is necessary for decarbonisation targets. What is that to do with the profits which is the topic of the discussion. Redirection and deflection of the facts by the government is filtering through to the electorate nicely.
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29-10-2013, 09:29 PM | #12 | |||
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All hail the Moyesiah
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I don't see how saying they need to make a profit is admitting they are a cartel either, show me a company that is one of the biggest in its field that is only breaking even, it's not possible |
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29-10-2013, 10:07 PM | #13 | ||
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Remembering Kerry
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I found little of their reasoning convincing. I am firmly in the complete re-organisation of energy and those who supply it camp.
All I feel comes across is sheer greed. |
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29-10-2013, 10:22 PM | #14 | ||
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these idiot politicians set up this cartel system
where there is a totally monopoly and price fixing these parliamentary commitees and hearings also costs millions to run, but if they get prices don it may just be worth it the whole utilities industry should be nationalised. the tax payer pays for all the infrastructure yet the private 5 companies cream off all the profits, its obscene, its a global scam |
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29-10-2013, 10:22 PM | #15 | |||
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In all other types of business consumers can make their displeasure felt by hurting their profits (which is the only thing that businesses fear). How do you send a message to these energy suppliers? by not using electricity or burning gas? They have a Monopoly and they know it.
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29-10-2013, 10:24 PM | #16 | ||
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Quote:
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04-11-2013, 03:59 PM | #17 | |||
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Ch4 8PM tonight
Dispatches 30mins Docu Energy Prices [Energy Bills Exposed 60% of us have never switched energy provider. In this clip, we meet Elaine who's been with hers for 38 years...] Video preview http://www.channel4.com/programmes/dispatches Last edited by arista; 04-11-2013 at 04:03 PM. |
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04-11-2013, 06:59 PM | #18 | |||
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Senior Member
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On Ch4HD and Ch4 Now
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04-11-2013, 07:08 PM | #19 | |||
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Likes cars that go boom
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Watching now...
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04-11-2013, 07:09 PM | #20 | |||
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I got a letter today actually from Scottish Power telling me the prices were going up on the 6th of December then at the bottom were it shows you the price differences the price per kw usage is slighter higher but the price in pence is lower.
It's confused me tbh so I'm going to have to phone them up.. |
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04-11-2013, 07:14 PM | #21 | |||
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Quote:
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04-11-2013, 07:38 PM | #22 | |||
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we need to pay to heat their second homes even though we cant afford to heat our own
no need to watch. they do what they like. there is no resolution at the end. just hot air pardon the pun lol
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04-11-2013, 07:44 PM | #23 | |||
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Typical answer from an Energy supplier: We know price increases hurt. We feel your pain!
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04-11-2013, 07:49 PM | #24 | |||
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shocking. they shouldn't be allowed to get away with it, older people are the ones who really suffer and profit shouldn't be a factor.
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07-11-2013, 05:19 PM | #25 | |||
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Tonight 7:30PM ITV1 and ITV1HD
have a Special Tonight Edition. Showing How to Save on Energy bills Record it - if you can not watch it etc. |
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