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Well done British Gas!
Nice to see a British company doing so well in these so called hard times. Isn't it time we stopped whingeing when big companies report successful results and rejoice in the fact that they are paying huge amounts of corporation tax, employing 1000's of people who also pay tax and NI and are also investing billions into research and the gas infrastructure in this country. And here is a breakdown of where the money goes.
It said of the average customer bill of £1,188 a year, the wholesale energy cost made accounted for £568, £283 went to delivery to the home, environmental and social policies added £112 and tax made up £72. Operating costs totalled £104, leaving it with £49 in profit per household So about 4.5% overall profit, that's nothing in the big scheme of things and a much smaller percentage than all of the rip off supermarkets report year after year which nobody ever seems to notice. Well done British Gas! :thumb: :) |
Worst thing is though that they are owned by a French Company!
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Your thinking of EDF, centrica are a UK company.
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Nice to see someone sticking up for BG for a change... And yes I work for BG.
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Yes, it's great, they post 11% profits, after putting bills up by at least 6%, and some of their customers have to decide heat, or eat?
Great.......... Should never have been privatised. |
Chickened out of nuclear........
Have you got gas in Wales now then? d |
Originally Posted by alcazar
(Post 11007002)
Yes, it's great, they post 11% profits, after putting bills up by at least 6%, and some of their customers have to decide heat, or eat?
Great.......... Should never have been privatised. Is there any evidence that prices would be lower if it was nationalised? Or would the Government need to subsidise it to lower prices? |
Originally Posted by alcazar
(Post 11007002)
Yes, it's great, they post 11% profits, after putting bills up by at least 6%, and some of their customers have to decide heat, or eat?
Great.......... Should never have been privatised. Yes they should |
Originally Posted by David Lock
(Post 11007016)
Chickened out of nuclear........
Have you got gas in Wales now then? d |
Isn't claiming profit by increasing charges cheating ?
So you have a product everyone has to have, you put costs up which obviously increases your profits .. then claim success ? |
long spells of cold weather = people have the heating on more = more gas usage + raising prices = bigger profit.
It's like Ben and Jerrys raising the price of a tub of icecream during a hot summer. Quite frankly, if BG hadn't shown an increase in profit then something would have been seriously wrong! |
Originally Posted by Chip
(Post 11006917)
Nice to see a British company doing so well in these so called hard times. Isn't it time we stopped whingeing when big companies report successful results and rejoice in the fact that they are paying huge amounts of corporation tax, employing 1000's of people who also pay tax and NI and are also investing billions into research and the gas infrastructure in this country. And here is a breakdown of where the money goes.
It said of the average customer bill of £1,188 a year, the wholesale energy cost made accounted for £568, £283 went to delivery to the home, environmental and social policies added £112 and tax made up £72. Operating costs totalled £104, leaving it with £49 in profit per household So about 4.5% overall profit, that's nothing in the big scheme of things and a much smaller percentage than all of the rip off supermarkets report year after year which nobody ever seems to notice. Well done British Gas! :thumb: :) |
Originally Posted by Dave1980
(Post 11006926)
Worst thing is though that they are owned by a French Company!
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Regulate like the water industry, tell the gas and electric companies what they can charge and problem solved.
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Originally Posted by Chip
(Post 11006934)
Your thinking
Whereas you're not ;) |
Originally Posted by Tidgy
(Post 11007847)
Regulate like the water industry, tell the gas and electric companies what they can charge and problem solved.
Yes, if only somebody had thought of that :Suspiciou http://www.ofgem.gov.uk/Pages/OfgemHome.aspx |
Originally Posted by TelBoy
(Post 11007862)
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In what significant way? :Suspiciou
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If you limit the profits that a company is allowed to make, how are they incentivised to become more efficient? If these profits were achieved by increased efficiency then it would be unfair to penalise them.
Like if banker's bonuses are capped then when they have done enough work to receive the maximum bonus they have no incentive to work hard. |
Originally Posted by TelBoy
(Post 11007855)
Whereas you're not ;)
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What wasn't in the news I think was that BG also got rid of 40% of the management staff. All the managers in the company had to reapply for their jobs. Ones with a successful track record of keeping team costs down and completed work load high were kept on (we're monitored on everything - number of jobs completed per day, time spent at jobs, parts costs, excessive travel etc). For a change a company as big as BG thought to get rid of the management and keep the workers.
As speedking said, it has encouraged BG to become more efficient in how we work. At the moment or biggest expenditure is parts costs, something which we are all trying to get down. The more we can save in this way means a lower chance of prices going up again anytime soon. |
Originally Posted by Orangio
(Post 11007825)
Do you work for BG in the Cardiff call centre by any chance lol
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Originally Posted by BULLITT
(Post 11006987)
Nice to see someone sticking up for BG for a change... And yes I work for BG.
My missus used to work for BG, when she got the job she was over the moon until she realised that they had some sort of weird multi-cultural/PC experiment going on, a bit like Eastenders: Token black, token lesbian, token gay, token Asian, token immigrant (who brought the rest of his extended family over) and the missus was the token 'over 45'. The token 'over 45' thing went down really well with her, because she thought she got the job on merit so she was 'gutted'. She lasted all of one month, within 6 months, out of the 30 or so that started the job with her only one person remained in the job. One guy got so pissed off with the happy clappy stuff he jacked after sending a hilarious piss taking email around the whole call centre. |
Originally Posted by c_maguire
(Post 11007052)
That was predictable.
Is there any evidence that prices would be lower if it was nationalised? Or would the Government need to subsidise it to lower prices? |
Originally Posted by f1_fan
(Post 11008820)
Well if it was run exactly the same way then as the nationalised version wouldn't need to consider the shareolders how could it not have lower prices?
Thats a lot of money diverted into profits/dividends. Privatising utilities brought a lot of money it to this country, but my god are we paying for it now. |
Originally Posted by f1_fan
(Post 11008820)
Well if it was run exactly the same way then as the nationalised version wouldn't need to consider the shareolders how could it not have lower prices?
Because of that important word "if". I assume you are too young to remember how useless the old nationalised utilities were? I can bet you money that within a few years of nationalisation it would be as bad as it was. |
Originally Posted by f1_fan
(Post 11008820)
Well if it was run exactly the same way then as the nationalised version wouldn't need to consider the shareolders how could it not have lower prices?
My other half is a schoolteacher and the waste there, whether paying over the odds for equipment they don't need or use, doing precious little about poor attendance and fake illnesses/injuries, poor use of skills, overstaffing, automatic pay increments, pointless training courses and so on is scandalous. Strangely enough even the teachers who seem to be off more than on behave like they're hard done by. They would be sacked in the private sector. |
Originally Posted by _Meridian_
(Post 11008978)
Because of that important word "if". I assume you are too young to remember how useless the old nationalised utilities were? I can bet you money that within a few years of nationalisation it would be as bad as it was.
This is why privatised industries generally perform more efficiently than nationalised industries... as if they get it wrong the company goes bust. Like everything in life the great ideas are brought down by the fcukwits of society of which the UK has an extremely large number. |
Originally Posted by c_maguire
(Post 11008979)
My other half is a schoolteacher and the waste there, whether paying over the odds for equipment they don't need or use, doing precious little about poor attendance and fake illnesses/injuries, poor use of skills, overstaffing, automatic pay increments, pointless training courses and so on is scandalous. Strangely enough even the teachers who seem to be off more than on behave like they're hard done by. They would be sacked in the private sector.
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Originally Posted by PeteBrant
(Post 11008965)
Privatising utilities brought a lot of money it to this country, but my god are we paying for it now.
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