Link to this page: https://www.socialistparty.org.uk/issue/544/6322
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.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our special coronavirus appeal.
In The Socialist 31 July 2008:
Voters reject Labour: Build a new workers' party
Glasgow East by-election: New Labour's support evaporates
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
The Socialist 31 July 2008 |
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