Home > Restoring Democracy, The Basic Living Standard, The People First Economy, The Reset > No Energy Company has the right to Guaranteed Profits #costoflivingcrisis

No Energy Company has the right to Guaranteed Profits #costoflivingcrisis

The story that we are repeatedly being told is that the price of wholesale energy is shooting up because of supply issues, not least of all our relationship with Russia over Ukraine.

We are told that we have to do our bit. That Ofgem has no choice but to raise the ceiling of the prices that energy companies can charge. Even though government cash handouts aren’t going to help within the much wider price rises within cost-of-living crisis context. And a ridiculous number of us are already borrowing, or going to foodbanks in the middle of summer, just so that we can have access to food.

And then we are told that the energy companies are enjoying profits that aren’t just wafer thin, but are actually obscene when put in the context that the government regulator Ofgem, is facilitating nothing less than a system that is clearly not only covering any genuine supply-side cost rises that might exist, but is also ensuring that the profits and dividends paid to the private interests that own what should be public services are being continually guaranteed.

Words cannot explain just how wrong and unjust this system and the processes that our politicians have allowed to be created and that are now punishing us all, really is.

Our politicians could stop this madness now and have the power to do so. But they won’t, because they don’t even understand how the system they are responsible for actually works.

What horrific. What terrible. What unnecessarily unjust times we are living in. Just so idiots can look good in public, create a place for themselves in Wikipedia and shout to everyone ‘don’t I look great in my elected job!’.

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