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From The Socialist newspaper, 31 July 2008

EDF - taking the rise

FOLLOWING CENTRICA'S huge price increase for its gas customers, yet another energy company - EDF - is ramping up its prices.

EDF's five million customers are facing gas bills 22% higher and electricity bills 17% up, with immediate effect. This will increase an average annual household bill by 204, taking the total bill to 1,211.

These price hikes are despite the wholesale price of oil, to which gas and electricity bills are closely linked, having fallen by 13% in the last few weeks. Moreover, energy giants like EDF have investments in energy production as well as retail sales. Therefore, they are making huge profits as both wholesalers and retailers.

Every other energy utility company will be following Centrica and EDF in ratcheting up their domestic tariffs. However, their blatant profiteering could be stopped overnight if they were renationalised as part of a socialist economic plan. But when it comes to protecting ordinary people's interests or fat cat shareholders, the government will inevitably side with the latter.

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Coronavirus crisis - Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • Our 'fighting coronavirus workers' charter', outlines a programme to combat the virus and protect workers' living conditions.
  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
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In The Socialist 31 July 2008:

Voters reject Labour: Build a new workers' party

Glasgow East by-election: New Labour's support evaporates


Olympics

The not so 'green' Beijing Olympics


Socialist Party campaigns

Gestures to the low paid are not enough: Fight for a living wage

Feature: End the pay gap now

Whine and dine

EDF - taking the rise

Stop the far-right

'A Workers' MP on a Worker's Wage'

Campaigners keep fighting to save local post offices


Socialist Party review

The Ragged Trousered Philanthropists


Socialist Party workplace news

Passport staff strike

Land registry in third pay walk out

Passport to profits

In brief


 

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Related links:

Energy:

triangleEnergy firm plans to make 2,600 redundant

triangleEDF Energy workers furloughed on 100% pay

triangleBristol North Socialist Party: Renewable Energy - a just transition

triangleJohnson emits huge quantities of hot air!

triangleThem & Us

Gas:

triangleNewham gas workers' strike threat

triangleNewham gas workers to strike

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