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From The Socialist newspaper, 11 August 2021

Fight energy price hike

Nationalise the big energy companies!

Nationalise the big energy companies!   (Click to enlarge)

John Merrell, Leicester Socialist Party

The eleven million households on default energy tariffs will face a £139 price hike on their bills from October, £153 for the four million pre-payment meters. Two million energy customers are already behind on their bills, and six million fear being so.

Ofgem, the energy regulator, has given the green light for gas and electricity suppliers to increase their prices citing a rise in wholesale costs. After a worldwide economic shutdown in response to Covid-19, wholesale fuel prices fell. Now, as economies open up, they are rising again.

The energy price cap introduced in 2018 was supposed to stop energy companies ripping customers off. But the cap is now set at its highest ever level! One of Britain's largest energy companies, British Gas has doubled its profits in the first half of this year, the same period in which they have attacked their workers, using 'fire-and-rehire'. The price rise is simply profiteering at the public's expense.

Private companies, like previously publicly owned British Gas, cannot be left to run the industry. The energy companies must be nationalised under democratic workers' control and management, with compensation only to those proven to need it. Only then can energy prices and production be decided in the interests of the working class and environment rather than greedy bosses.

Meanwhile, the Tory government, representing the interests of the bosses, has announced plans for a carbon reduction scheme to push gas bills up further to try to incentivise heat pump installation.

The TUC conference convenes next month when furlough and the Universal Credit £20 per week uplift end, and many public sector workers face a 'pay freeze' in a period of rising inflation. The trade union leaders must reverse the Tory message of 'make the workers pay'. Instead, put people before profits by adopting a fighting socialist programme to make the bosses pay!

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In The Socialist 11 August 2021:


NHS

Defend the NHS. Fight the Tory pay insult. Prepare strike action!

NHS: Kick out the privatisers, Fight for funding, Build for strike action


News

Tory government nationalises Sheffield steel plant

Tory cuts worsened crime and Johnson 'blitz' won't help

Fight energy price hike

Thanks to the miners - an example of workers' struggle and solidarity

News in brief


Comment

Olympic 'success' masks cuts and inequality in sport

Starmer's faithful Guardian


Campaigns news

Capitalism = climate catastrophe

Rising against a rigged and rotten system - Socialism 2021

London Pride cancelled - pandemic shows protest Pride is necessary

London: Hundreds protest for trans rights

Save Newham's theatres from Labour council cuts!

Socialist Party young members summer school

A day in the life of a young hospitality worker

West Midlands: austerity and capitalism offers no future for young people

Why I joined the Socialist Party

Don't privatise Dudley libraries

Socialist Party: Solely funded by the working class

Review - The Struggle for World Socialism


Housing

Waltham Forest: Fighting for a home for Nadia and homes for all


History

August 1991 - The aborted military coup in the 'Soviet Union'


Workplace news

Ballot majority essential to continue DVLA strike action

Night tube strike suspended to allow talks - scrap compulsory duties!

RMT strike solid on East Midlands rail

You need a union when the time comes to fight

Unions protest at exploitative Leicester company Food Attraction

Over 3,000 votes for fighting socialist programme in CWU

NSSN to lobby TUC


International news

Beirut's devastating port explosion one year on


 

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Related links:

Energy:

triangleCatastrophic energy bill hike - a crisis made by capitalism

triangleCut our fuel bills - nationalise energy

triangleGas and electric bills set to soar by 50% this year

triangleCost of living crisis

triangleNews in brief

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triangleWorkers and students unite and fight

triangleCanada: Prime Minister Trudeau invokes Emergencies Act to end 'Freedom Convoy'

triangleThe Erdington byelection and the fight for a new mass workers' party

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triangleCOP26 News in brief

triangleCaerphilly and RCT Socialist Party: Nationalise gas and energy

triangleCapitalist climate hypocrisy

Pay:

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triangleJust Eat couriers continue action to fight pay cut

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