Energy firm facts

Energy firm facts

Energy firm facts

First published in Letters by

I AM writing to draw attention to the Big Five energy companies owned by Europe - we in England only own the sixth.

I never voted to be in the Common Market and certainly would have never entertained a Federal Europe in the EU, but would like to make this observation.

Of the Big Six energy companies, two are owned by Germany, one by France, one by Spain and one by Scotland.

To me, as a layman, that means 90 per cent of our energy is outsourced.

I was appalled at this and then discovered that in 2006 Russia’s Gazprom wanted to buy out British Gas, owned by Centrica. In April of that year Tony Blair announced that he would not block the deal.

Just think of the consequences of that happening with what is now happening in Ukraine.

Olga Shepherdson, Ancroft Close, York.

Comments (6)

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2:25pm Sat 14 Jun 14

ColdAsChristmas says...

Re-nationalise the lot and have one fair price for all. Then no need for shopping around, no need for toothless watchdogs such as Ofgem and all profits come back to the treasury.
Re-nationalise the lot and have one fair price for all. Then no need for shopping around, no need for toothless watchdogs such as Ofgem and all profits come back to the treasury. ColdAsChristmas
  • Score: 58

9:31pm Sun 15 Jun 14

oi oi savaloy says...

it was tony blair who took away the safeguards that allowed the foreign companies to buy our utility companies...
it was tony blair who took away the safeguards that allowed the foreign companies to buy our utility companies... oi oi savaloy
  • Score: 6

2:13pm Mon 16 Jun 14

SpinningJenny says...

Have you stopped to consider that energy prices would skyrocket if we tried to produce it all nationally? It would be completely impractical and the general public would never accept it.
Have you stopped to consider that energy prices would skyrocket if we tried to produce it all nationally? It would be completely impractical and the general public would never accept it. SpinningJenny
  • Score: -16

2:56pm Tue 17 Jun 14

Pinza-C55 says...

http://www.bbc.co.uk
/news/business-24604
218
"France's EDF Energy will lead a consortium, which includes Chinese investors, to build the Hinkley Point C plant in Somerset."

"Ministers and EDF have been in talks for more than a year about the minimum price the company will be paid for electricity produced at the site, which the government estimates will cost £16bn to build.
The two sides have now agreed the "strike price" of £92.50 for every megawatt hour of energy Hinkley C generates. This is almost twice the current wholesale cost of electricity."
"However, Dr Paul Dorfman, from the Energy Institute at University College London, said "what it equates to actually is a subsidy and the coalition said they would never subsidise nuclear".

He added: "It is essentially a subsidy of between what we calculate to be £800m to £1bn a year that the UK taxpayer and energy consumer will be putting into the deep pockets of Chinese and French corporations, which are essentially their governments."

Anyone remember that old Genesis song "Selling England by the pound"?
http://www.bbc.co.uk /news/business-24604 218 "France's EDF Energy will lead a consortium, which includes Chinese investors, to build the Hinkley Point C plant in Somerset." "Ministers and EDF have been in talks for more than a year about the minimum price the company will be paid for electricity produced at the site, which the government estimates will cost £16bn to build. The two sides have now agreed the "strike price" of £92.50 for every megawatt hour of energy Hinkley C generates. This is almost twice the current wholesale cost of electricity." "However, Dr Paul Dorfman, from the Energy Institute at University College London, said "what it equates to actually is a subsidy and the coalition said they would never subsidise nuclear". He added: "It is essentially a subsidy of between what we calculate to be £800m to £1bn a year that the UK taxpayer and energy consumer will be putting into the deep pockets of Chinese and French corporations, which are essentially their governments." Anyone remember that old Genesis song "Selling England by the pound"? Pinza-C55
  • Score: 1

2:59pm Tue 17 Jun 14

Pinza-C55 says...

SpinningJenny wrote:
Have you stopped to consider that energy prices would skyrocket if we tried to produce it all nationally? It would be completely impractical and the general public would never accept it.
"Have you stopped to consider that energy prices would skyrocket if we tried to produce it all nationally?"
How do you know that?
" It would be completely impractical and the general public would never accept it."
Again, how do you know that? And since when has any government given a toss what the public would accept?
[quote][p][bold]SpinningJenny[/bold] wrote: Have you stopped to consider that energy prices would skyrocket if we tried to produce it all nationally? It would be completely impractical and the general public would never accept it.[/p][/quote]"Have you stopped to consider that energy prices would skyrocket if we tried to produce it all nationally?" How do you know that? " It would be completely impractical and the general public would never accept it." Again, how do you know that? And since when has any government given a toss what the public would accept? Pinza-C55
  • Score: 1

12:50am Wed 18 Jun 14

ColdAsChristmas says...

And now our daft government have done a deal with the Chinese to build HS2. Even more debt!
And now our daft government have done a deal with the Chinese to build HS2. Even more debt! ColdAsChristmas
  • Score: 0

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