Posts Tagged ‘EDF’

Correct Not Political on the Energy and Water Companies Profiteering While People Starve

August 10, 2022

I found this on the Community page of the right-wing YouTube channel Correct Not Political. They seem to be a group of right-wingers who go around staging counter protests or demonstrations at left-wing events. They’ve been demonstrating at the recent Pride marches, Drag Queen Story Hour, also against Extinction Rebellion, anti-racism marches for refugees and they also seem to be militant anti-vaxxers. One of their collections of videos is simply titled ‘Socialists and Commies’. But they posted this about ordinary people struggling with poverty while the fuel and water companies make hugely inflated profits.

Correct Not Political

Correct Not Political4 hours ago

Well after yesterdays announcement from the Bank of England , there is something very very very wrong in the system… So… let me get this straight:

* British Gas made a profit of £1.3bn between January & June

* BP announced profits of £6.95 billion between April and June alone

* Shell has profited by £9.4bn in a year

The MEN at the top:

* John Pettigrew, boss of National Grid received £6.5m bonus on top of his salary

* Chris O’Shea, chief executive of British Gas owner Centrica was paid almost £2m last year in salary and benefits

* Centrica’s non-executive directors were paid almost £1m

* Scottish Power’s CEO Keith Anderson is on £1.15m.

* E.On boss Michael Lewis is on £1m

* EDF’s Simone Rossi is also on £1m

* And their top execs enjoyed a share of £4.65m

* Peter Simpson of Anglian Water earned a £1.3m pay package

* Welsh Water bosses awarded themselves bonuses of over £930,000

* Severn Trent bosses awarded themselves bonuses of £5.56m

* Thames Water’s Sarah Bentley, received a £727,000 bonus on top of her £2m annual salary

Meanwhile there are…

* People who haven’t had breakfast and/or lunch TODAY, because they can’t afford it.

* People using FoodBanks because food is becoming more of a luxury than a necessity.

* Children celebrating a birthday without presents.

* Parents worrying about new school uniforms – and some schools enforcing rules which are not cost-effective.

* People who can’t get to work because they can’t afford to put petrol in their cars/pay for public transport anymore.

* People who are working so much they’re making themselves ill, and they STILL CAN’T AFFORD to pay their bills.

* People who have been given fines by these same energy/water companies because they couldn’t afford to pay their bills in the first place – increasing their debt.

* Customers being told to do STAR JUMPS TO KEEP WARM for crying out loud!

* Hose pipe bans when gallons of water leak away everyday.

* Elderly people NOT DRINKING because they’re worried about running out of water!!!

All this and energy prices are set to rise up to 75% in October…

THIS IS MADNESS!.. I’m all for supporting profits ..I’m not for supporting greed at the cost of lives of others..

Something needs to change.. Why are customers’ money being used to make life more comfortable for those who are making life more intolerable for the rest of us?

I actually don’t understand how the energy companies are allowed to get away with this and why the government aren’t stopping them instead of handing out money…..

Copied & pasted from others. Keep this going around for all to see’

I’ve got absolutely no problem posting this up despite where it comes from. Because these profiteers do need to be named and shamed. And this whole scam is why the public utilities need to be nationalised, so that they work for this great country’s people rather than exploiting them.

Counterpunch on the Hinkley C Power Station: Last Gasp of a Dying Nuclear Era

September 18, 2016

Counterpunch this week also put up a very pertinent piece about the proposed construction of the Hinkley Point C nuclear power station by the French nuclear energy company, EDF, and the Chinese. The power station was the go-ahead this week by Theresa May, after she had first stated she was opposed to the deal. The piece, by Oliver Tickell, the editor of The Ecologist magazine, argues that not only is the station uncompetitive, massively expensive, and a threat to the environment, but it is also very much a last gamble by EDF and its partner, Areva, to prove the viability of the proposed reactor type, and indeed nuclear energy as a whole. Tickell states that four EPR reactors are under construction in France, Finland and China, and they are massively over budget to the tune of billions of Euros, and very late. Indeed, the reactor at Flamanville in France may never be finished. EDF and Areva are owned and controlled by the French state, and are also massively in debt.

The reasons behind May’s giving in to the French and Chinese are political and economic. She wants good relations with the French, in order to have them on the British side when it comes to negotiating the new relationship with the European Union post-Brexit. China needs the deal to go ahead, because it wants to keep the contract for the construction of the power station at Bradwell in Suffolk. This has the proposed ‘Hualong’ reactor, which has yet to be tried. The government wishes to win over the Chinese and get access without the imposition of tariffs to their market for British manufacturing and financial services industries.

There are also major doubts whether the Hinkley C reactor will ever be built, despite May’s official deal. The subsidy package given to the project as part of the deal appears to contravene EU legislation on how much state aid may be given. EDF and the Chinese company, CGN, have invested so much in the project, that it’s unlikely they’ll be prepared to invest any more until the problems and Flamanville are resolved and the reactor type has demonstrated its viability. That may also be years away. If the power station fails, or fails to work reliably, it will bankrupt EDF, and the company has yet to find the billions it is obliged to spend on the project. There is also much opposition to the power station in France. It is disliked by both the French trade unions and some of the candidates for the French presidency. The type of steel used in the reactor is also being examined for flaws in a power station in France by the French regulator. The Chinese reactor in Bradwell also hasn’t got a safety licence yet. This can take four years, so it will be built, if at all, by the next government.

By which time, the director of the Energy and Climate Intelligence Unit, Richard Black, points out, power from other sources may be far less expensive than today.

See: http://www.counterpunch.org/2016/09/16/a-nuclear-plant-for-a-dying-era-why-the-uk-approved-the-dangerous-hinkley-point-reactor/

Vox Political: May Gives Go-Ahead to Hinkley C Despite Security Fears

September 15, 2016

Mike over at Vox Political also put up a piece today reporting that May had finally folded, and given the French and Chinese the go-ahead to build the nuclear power station, Hinkley C in Somerset. The stations’ going to be built by the French state power company, EDF, and the Chinese. The project was put on hold because of concerns about security, which created tension between Britain and China. May and her business secretary, Greg Clarke, were claiming that they had put in place ‘significant new safeguards’. Mike points out that they seem far from it. The ban on EDF selling its share in the site without government permission is simple commerce, rather than security. And he considers a similar precaution, the new security test for foreign investment in critical infrastructure also to be ‘toothless’. As he points out, it won’t stop the Chinese going ahead with their plant at Bradwell in Essex, and investing further in Sizewell B in Suffolk. He quotes EDF’s chief executive, Jean-Bernard Levy, that the construction of Hinkley C marks ‘the relaunch of nuclear in Europe’.

Apart from May flatly ignoring Green concerns, this also doesn’t appear to be a good deal for the British customer either. The government has guaranteed EDF a price of £92.50 for every megawatt hour of electricity generated, despite the fact that this is higher than the market rate.

As Mike says

This is a step backwards – and a bitter blow for all those who have been working towards a greener, cleaner, forward-looking mode of energy generation.

See: http://voxpoliticalonline.com/2016/09/15/theresa-may-folds-again-hinkley-c-gets-the-go-ahead/

I’m not remotely surprised by this. The Conservatives have always backed nuclear power at the expense of Green energy. Way back in the early 1990s under John Major, Private Eye documented the way the government was pushing nuclear, and doing everything it could to discredit its environmentally friendly competition. For example, reviews into the viability of renewable energy were given to government panels headed by scientists or officials from the nuclear industry.

And the Tories’ choice of nuclear power over other forms of energy, such as coal, has nothing to do with its supposed benefits. Certainly not if EDF are being given a price for their wattage above market value. I’ve forgotten where I read it, but I came across a piece the other day, which claimed that the Tories deliberately chose nuclear as a way of breaking the unions. Nuclear fuel – the uranium used in the rods in the reactor core – has to be imported. I think the main source of it at the moment is Africa, where obviously labour is cheap and disposable. Unlike coal, which exists over here, but whose supply was controlled by a notoriously strong and stroppy union, until Maggie broke it in the 1980s, and the Tories then decimated the industry itself in the 1990s.

This isn’t about supplying cheap electricity. This is about breaking organised labour, to keep people poor and cowed by the threat of unemployment. And it shows how wise Tony Benn was when he turned from being an advocate of it to its opponent.