Posts Tagged ‘Octopus Energy’

We Own It Petition for the Nationalisation of Failed Energy Company Bulb

August 13, 2022

I got this email this morning from pro-nationalisation organisation We Own It:

‘Dear David,

Privatisation has failed.

The Guardian is saying water should be nationalised. Former Prime Minister Gordon Brown is saying we need to bring energy into public ownership temporarily. Even the Telegraph and the Times are questioning privatisation.

Meanwhile, 100,000 people have pledged to stop paying their energy bills.

YOU can put a solution on the table – sign our new petition for the government to turn Bulb into a new public energy supplier which can cut people’s bills.

Nationalise Bulb

Private energy company Bulb collapsed in November 2021 and the government is planning on spending £2.2 billion to prop it up.

Right now the government is considering giving a further £1 billion to private company Octopus to take over the company.

This makes no sense. Other countries like France, Germany, Italy and the US all have public suppliers of energy. France has used publicly owned EDF to limit energy bill rises to 4% while our bills have gone up by 54% and that increase will go up to 119%!

The government could take Bulb’s 1.7 million customers as the basis of a new publicly owned energy supply company.

Sign the petition now

The situation is desperate and politicians know it. You can highlight this huge opportunity to politicians and the public. You can push for public ownership that can cut everyone’s bills by spreading the word.

Please sign and share now – before the government hands Bulb back to the private sector.

THANK YOU for your support.

Cat, Alice, Johnbosco, Matthew, Jack and Kate – the We Own It team’

I’ve had absolutely no reservations about signing the petition. It makes sense, far more sense than successive right-wing government spaffing public money against the wall trying to prop up failing private companies from a doctrinaire, inflexible belief in the superiority of private enterprise and in order to shove more public money into their friends’ pockets as management and shareholders. And this is an important first step to the nationalisation of the energy sector as a whole.

When even Gordon Brown, Blair’s right-hand man, the Torygraph and the Times are having second thoughts about the privatisation of the utilities, it’s clear that something is profoundly wrong with privatisation.

Thatcherism has failed.

Nationalisation is the solution.

Tories out!

To go directly to the petition if the above links aren’t work, it’s address is at: https://weownit.org.uk/act-now/nationalise-bulb