Originally posted by concertpianist: >>EDF Energy has announced it is putting up gas prices by 22% and electricity prices by 17% for domestic customers.
The firm has blamed the increase, which comes into effect on 25 July, on record wholesale energy costs. <<
EDF having just put a bid in for British Energy, no doubt the French Government owned EDF wants the British consumer to pay for their purchase of British assets.
er what market are they watching. its down 25%. i guess they hope the govt will just 'believe them' that energy is at record prices?.
Originally posted by concertpianist: >>EDF Energy has announced it is putting up gas prices by 22% and electricity prices by 17% for domestic customers.
The firm has blamed the increase, which comes into effect on 25 July, on record wholesale energy costs. <<
er what market are they watching. its down 25%. i guess they hope the govt will just 'believe them' that energy is at record prices?.
The French Government owned EDF has just put in a bid of 12.5 billion for British Energy, no doubt they are looking for the British energy consumer to pay for their purchase of British assets.
Originally posted by concertpianist: >>EDF Energy has announced it is putting up gas prices by 22% and electricity prices by 17% for domestic customers.
The firm has blamed the increase, which comes into effect on 25 July, on record wholesale energy costs. <<
er what market are they watching. its down 25%. i guess they hope the govt will just 'believe them' that energy is at record prices?.
The French Government owned EDF has just put in a £12.5 billion bid for British Energy, so it looks as if EDF wants the British energy consumer to pay for their purchase of our assets.
Originally posted by concertpianist: >>EDF Energy has announced it is putting up gas prices by 22% and electricity prices by 17% for domestic customers.
The firm has blamed the increase, which comes into effect on 25 July, on record wholesale energy costs. <<
er what market are they watching. its down 25%. i guess they hope the govt will just 'believe them' that energy is at record prices?.
The French Government owned EDF has just put in a £12.5 billion bid for British Energy, so it looks as if EDF wants the British energy consumer to pay for their purchase of our assets.
I'm not a betting man but I'd put money on EDF's British customers ending up subsidising the energy bills of French ones, how short sighted are we in this bloody country?
Originally posted by concertpianist: >>EDF Energy has announced it is putting up gas prices by 22% and electricity prices by 17% for domestic customers.
The firm has blamed the increase, which comes into effect on 25 July, on record wholesale energy costs. <<
er what market are they watching. its down 25%. i guess they hope the govt will just 'believe them' that energy is at record prices?.
The French Government owned EDF has just put in a bid of 12.5 billion for British Energy, no doubt they are looking for the British energy consumer to pay for their purchase of British assets.
Correct. Britain is the only country in Europe that sells off it's infrastructure to foreign bidders. Of course EDF will rip off the stupid Brits, after all the French public wouldn't pay that much. The mistakes of 20 years of privatisation of the UK infrastructure are coming back to haunt all those lucky shareholders who bought into Thatchers dream. Unfortunately, those who saw it coming are getting hit as well (unless of course they had the foresight to get the hell out while they still could ). Don't tell Sid.
Originally posted by concertpianist: you wait till they sell it to Gazprom.
gazprom knows it can't buy direct but has a better chance buying of third parties.
thanks to the Govt the uk energy user is such a cash cow everyone wants a slice of the action.
I think Gazprom has ambitions on buying up Centrica, otherwise known as British Gas. But will our so called representatives in Westminster put up a whimper of protest at the Russian state buying up a main energy company of ours? It wouldn't be wise to hold our breath.
I think Gazprom has ambitions on buying up Centrica, otherwise known as British Gas. But will our so called representatives in Westminster put up a whimper of protest at the Russian state buying up a main energy company of ours? It wouldn't be wise to hold our breath.
I came to the conclusion long ago that Nulabor are in fact a front for a foreign government, parachuted into Westminster one particularly dark night when nobody was looking, 2 hour English crash course and hey presto, we have an enemy within.
Major ports owned by the Spanish, Yanks marking our textbooks, Digby Jones told to drive a Merc, French running water (pun intended) now French hands on our nuclears.
Wouldn't it be lovely to have a government who could actually see beyond the next hole in the budget defecit that needed plugging?
And when they annouce an increase in dividend payments the share prices becomes more favourable for shareholders, as more people are likley to see owning shares in certain companies will pay them higher returns. Who is being screwed over and over ?? you know who!!
quote:
United Utilities (UU) told investors today that it was trading in line with expectations and proposed an increase in its final dividend of nearly 4 per cent.
The water company, which holds its annual meeting today, said it was on track to deliver good profit growth, after an allowed 7.8 per cent increase in water bills, and would return £1.5 billion to shareholders, on top of the dividend, following the sale of its electricity network business.
so to fund this they whack up the price for customers and where is our government and the regulators????
quote:
EDF is edging closer to clinching an £11 billion takeover of British Energy as it emerged last night that Centrica had resumed talks with the French company to buy a stake of up to 25 per cent if the deal proceeds. They added that the falling global price of crude oil was helping to soothe earlier differences over the valuation of British Energy, the UK's main nuclear generator.A group of hardline shareholders have argued that soaring wholesale energy prices justified a far higher valuation than the estimated 685p per share offer that was initially tabled in May by EDF, which is controlled by the French Government.
because they want to get a big slice of Brown's nuclear energy programme and the customer will pay for it, Wherte does the blame lies!!
quote:
The arrangement would allow EDF to cut its outlay by up to £3 billion while gaining access to a string of sites to build new nuclear plants in Britain.
Centrica, the owner of British Gas, would gain access to power plants to help to hedge its exposure to wholesale energy prices as well as valuable nuclear experience, which it currently lacks. EDF's previous offer to buy British Energy was rebuffed but in the absence of any other suitor the two sides have continued negotiations.
so to fund this they whack up the price for customers and where is our government and the regulators????
Yes where are they? EDF already has a chunk of our electricity generation market, allowing them to take British energy would add another 25% to their market share , close to a market distorting share. Its ridiculous, we privatise our energy companies and deny them any ability to consolidate or any vertical integration, then allow them to be renationalised by French and German companies, who are permitted to get an almost monopoly market share.
It also shouldn't be forgotten that Brown flogged off Westinghouse to Toshiba for £2.7 billion, a leading manufacturer/ designer of nuclear power stations. Yet a year or so later he decides the nuclear power is the way to go, and then goes off begging the French to help and allows British Energy to be flogged off the French Government owned EDF, that stupidity and short-sightedness can't be accidental!
It seems the British establishment have contrived to create a system that has left us dependent on foreign Government owned energy companies and none of our own. It seems such a crass thing to do it must have been planned.
The blame lies with the apathy of the dumbed down UKpublic. British people have been brainwashed over the past 30 years into believing that everything that glitters is gold. There is an astonishing short sightedness amongst Mr average brit who believes that the answer to everything can be found in the editorial of the Sun or Daily Mail. Meanwhile,the UK consumer is seen as a gullible fool by multinationals and foreign companies who will accept pretty much anything he or she is sold by some crummy advertising campaign. What else would you expect from a nation that sells the rights to it's national game to a foreigner so that they can pay 5 times over the odds to watch foreign mercenaries have a kick about at the expense of the national team. Football sums up the UK.
so to fund this they whack up the price for customers and where is our government and the regulators????
Yes where are they? EDF already has a chunk of our electricity generation market, allowing them to take British energy would add another 25% to their market share , close to a market distorting share. Its ridiculous, we privatise our energy companies and deny them any ability to consolidate or any vertical integration, then allow them to be renationalised by French and German companies, who are permitted to get an almost monopoly market share.
It also shouldn't be forgotten that Brown flogged off Westinghouse to Toshiba for £2.7 billion, a leading manufacturer/ designer of nuclear power stations. Yet a year or so later he decides the nuclear power is the way to go, and then goes off begging the French to help and allows British Energy to be flogged off the French Government owned EDF, that stupidity and short-sightedness can't be accidental!
It seems the British establishment have contrived to create a system that has left us dependent on foreign Government owned energy companies and none of our own. It seems such a crass thing to do it must have been planned.
Flanker Brown has expposed that he is a clown, but this clown does'nt make you laugh.
quote:
ENERGY: Seven unions at state-owned EDF and GDF utilities strike on 14 November
Looks like we should be more like the french and not be allowed to be held for ransom. We privatised all our untilities a untility company that is 85% French state owned, that has public sector workers that will not tolerate any downgrading of their working conditions, and can you blame them not sufferring while shareholders get greedier and greedier. All the public sectors in France are supporting each other.
A Double Whammy And where does that leave British EDF customers screwed by the private sector and the French public sector.
quote:
EDF raises gas and electric bills?
Perhaps that should read the French Government raises British gas and electric prices to fund gaining accesse to a string of sites to build new nuclear plants in Britain for Gordon Brown's Nuclear programme.
Gordon the clown what do you have to say about this cookie, oh yes you bragged about the jobs it would create years down the line in the nuclear industry, you did not consider that they would squeeze and bleed the customers dry to pay for it! or you did consider but you did not care, you needed good healine rto save your skin!
Call a bloody election and get this shower of idiots out, but who do you replace them with?? who was it that sold off all our untility companies??
We need to repsond as the french would respond comment left on times link
Shock due to day light robbery, and this government are letting them get away with screwing the customer to fund buying a slice of Bristish Energy which will give them access to site proposed for Gordon Brown's nuclear programme the blame lies with Brown's incompitence at seeing the bigger picture, this truely shows is utter weakness!
This increase should be halted immediately!
"Given the recent drop in oil prices this is unacceptable and if Gordon Brown wants to show us he is listening he will immediately prohibit this increase otherwise, let us do what the French would do and bring EDF's UK operations to a complete halt".
quote:
Électricité de France (EDF) is the main electricity generation and distribution company in France. It was founded on April 8, 1946 as a result of the nationalisation of a number of electricity producers, transporters and distributors by the Communist Minister of Industrial Production Marcel Paul. Until November 19, 2004 it was a government corporation, but it is now a limited-liability corporation under private law (société anonyme). The French government partially floated shares of the company on the Paris Stock Exchange in November 2005, although it retains almost 85% ownership as of the end of 2007.
Just out of interest does anyone know whether our European neighbours have had the same size of price rises as we have add and will have in the future?
Flanker Brown has expposed that he is a clown, but this clown does'nt make you laugh.
It should also be noted that it was Brown who removed the Golden share from our electricity generation companies, which left them exposed to being taken over by generation companies form countries who have protected their industries.
So... Privatisation of the public sector was a good idea was it?
Let's hear those 'Market Forces' speeches now. How about the one about 'investment for improvement' or any other smoke and mirrors carp from the right.
Originally posted by The Magnetist: So... Privatisation of the public sector was a good idea was it?
Let's hear those 'Market Forces' speeches now. How about the one about 'investment for improvement' or any other smoke and mirrors carp from the right.
Yes, but allowing our industries exposed to being picked off by countries who have protected their industires , or who are state owned concernsd like EDF, was not clever. Privatisation did give us cheaper energy, it also created a market which should create the conditions for micro gneration and for people to sell back to the grid solar volaic generation. Unfortunately this is another area where this usless Government have falled down on, for in Germany they have incentivised people to install solar voltaics, yet this Government has done nothing.
Originally posted by Bob Hope's Funky Monkey: Just out of interest does anyone know whether our European neighbours have had the same size of price rises as we have add and will have in the future?
no way. the european energy markets are highly regulated with regard to prices. why do you think german french and spanish energy companies want to come here? because they an charge what they like.
indeed the uk gas user is subsidising eu gas users.
). Don't tell Sid.
