Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/784/17583

From The Socialist newspaper, 16 October 2013

SSE: So Sodding Expensive!

John Sharpe

An estimated 7,000 pensioners died between December 2011 and March 2012 because their homes were too cold. 6.7% of the population live in fuel poverty - up 50% since 2010.

Meanwhile ten million SSE customers face an average 8.2% rise in their fuel bills - three times the rate of inflation. And this follows 9% last year. The rise in the South East is 9.7%.

Average fuel bills could hit 1,465. In 2004 the average was just 525. This is against a background of pay cuts, pay freezes and benefit cuts.

"We're sorry" said SSE's boss Will Morris.

SSE recently reported profits of 1.4 billion, up 5.6% on last year. 515 million was paid out in dividends and SSE has repeated its promise of an above inflation rise in dividends this year.

Three top directors at the company received more than 6 million in pay and perks last year, including 2.6 million to chief executive Ian Marchant. He recently stepped down with a 10.4 million pension and 4.8 million in shares.

Earlier this year SSE was ordered to pay 10.5 million by regulator Ofgem for conning customers into thinking they were on the cheapest tariffs.

"I'm disappointed" says government minister Michael Fallon. His advice: "Change supplier." So, as expected, nothing to do with me guv, you're responsible. Isn't every commentator predicting the other companies will do the same?

SSE has blamed "green taxes". But that accounts for less than a fifth of the rise and most of that goes to help poorer families with insulation according to Lord Green who wrote the review of climate change economics.

The government is about to announce a long-term price support deal for EDF's planned Hinkley C nuclear power station.

The price is reported to be roughly double the current market rate for electricity, and is locked in for 35 years.

We're 'sorry' and 'disappointed' too. But not half as sorry and disappointed as these gangsters will be when the whole of the energy industry is democratically nationalised.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 16 October 2013:


Socialist Party news and analysis

Tories' rags and riches Britain; Join the socialist fightback!

Teachers, firefighters, workers fighting back: Unite the strikes!

TUSC: 2014 local elections campaign launched

Immigration Bill: Whipping up racism to cut our services

Council tax benefit cuts hit hard

SSE: So Sodding Expensive!

Fight Tory plans to scrap lifeline for young

Jobcentre staff struggling to cope

'Help to Buy' no solution to housing crisis

Them & Us


Anti-racism

Robinson drops EDL but not his bigotry

Trade union-led anti-racist demo in Liverpool

Bradford anti-EDL protest


Education feature

Why are our schools in crisis?


International socialist news and analysis

Workers and youth re-assert their political voice in South Africa

Sri Lanka - 'No to Chogm' campaign

Refugees perish in Mediterranean "cemetery"


Socialist Party reports and campaigns

Join the party for the millions - not the millionaires

Socialism 2013 appeal

Save Kent's children's centres


Socialist Party workplace news

Probation officers to take on 'failing Grayling'

Time for national action on education

Fight the Royal Mail sell-off

Blacklisting victory - now build union strength

Workplace news In Brief


 

Home   |   The Socialist 16 October 2013   |   Join the Socialist Party

Subscribe   |   Donate   |   PDF  |   ebook






Related links:

Inflation:

triangleVenezuela: Capitalist offensive sharpens after assembly elections

triangleInflation: Workers lose out - time for action

triangleWork doesn't pay: Tory policies have meant another wages cut

Green:

triangleCardiff East Socialist Party: Why you have to be Red to be Green

triangleDon't wreck our rec! Campaigning to save green space in Standish

triangleInterest at Nottingham Green festival

Nuclear power:

triangleFukushima nuclear disaster - a terrifying legacy

News and socialist analysis

News and socialist analysis

13/10/17

Labour

The end of the Tories?

11/10/17

Tories

Nasty party imploding...drive out the Tories

11/10/17

Black history

The fight against racial discrimination is tied to fighting against capitalist austerity

11/10/17

Housing

Housing crisis: Corbyn's positive measures blanked by Labour's right

11/10/17

Universal Credit

Major attacks 'Universal Credit', half a million more face poverty

11/10/17

Them & Us

Them & Us

11/10/17

NHS

NHS meltdown - fight the Tory cuts

11/10/17

IMF

IMF helps cause inequality it slams

4/10/17

NHS

Tories wreck our NHS

4/10/17

Workers

Monarch abdicates responsibility to workers

4/10/17

Capitalism

Capitalism and human progress

4/10/17

Trump

Bending the knee v Trump

4/10/17

Tories

The Tories must be driven out

29/9/17

Labour

Labour Party conference: Action against establishment sabotage still needed

27/9/17

Anti-austerity

Anti-austerity opposition needed to seize on Tories' weakness

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle13 Oct The end of the Tories?

triangle11 Oct Nasty party imploding...drive out the Tories

triangle11 Oct CWU fights court attempt to stop national strike

triangle11 Oct The fight against racial discrimination is tied to fighting against...

triangle11 Oct Catalonia: Workers can finish what Puigdemont won't

triangle6 Oct Boeing bust-up threatens thousands of skilled jobs

triangle4 Oct The nasty party turns on itself... but the Tories must be driven out

More ...

triangle17 Oct London: TUC lobby & rally; and London march

triangle18 Oct Warrington & St Helens Socialist Party: 1917-2017; the October Russian Revolution

triangle18 Oct Hackney Socialist Party: 100 years ago - the Bolshevik-led revolution

triangle18 Oct Tower Hamlets Socialist Party: Capitalism in Crisis - is Corbyn the answer?

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2