Alex
Yvette OswinThe UK has fully privatised Energy
France has fully Nationalised
(Blade of the sun)
Merry ChristmasThe UKs energy was Nationalised until they kept voting in Tory, Maggie Thatcher.
Jonathan Schofield@lyndamerry484 Blair and Brown had 13 years to change it back
Pedestriansfirst
spanghero@pedestrians1st @urlyman @lyndamerry484 @Hope4All 963 Bacon Squadron request permission to take off.
Ruth 🇮🇪🇵🇸
doppelfish ☑️@Hope4All except that France's EDF is producing a lot of electricity from written-off nuclear reactors, is still selling below price and is running a debt of 54.4 billion euros as of 2023, which is subsidized by the French gouvernment.
https://www.reuters.com/business/energy/french-nuclear-operator-edf-returns-profit-2023-2024-02-16/
@Hope4All and €87.6 bn in 2024, btw.
mapto@doppelfish @Hope4All ...and offloading the cost of nuclear waste storage on future generations
Hervé Nicol@doppelfish @Hope4All
Subsidized by the government :
Isn't what "nationalized" means ?
It's financed by the people, for the people.
And the goal is not to make money out of it, as opposed to when private companies run it.
That seems a good thing to me.
Subsidized by the government :
Isn't what "nationalized" means ?
It's financed by the people, for the people.
And the goal is not to make money out of it, as opposed to when private companies run it.
That seems a good thing to me.
tyx@herve @doppelfish @Hope4All
>That seems a good thing to me.
Unless you realize that no one in the management gives a damn about the efficiency of the whole enterprise, equipment upgrades, bullshit jobs etc. bc in case of a major screw up everything will be covered by the state and you don't have any competitors.
ENRON at least was sold in parts.
>That seems a good thing to me.
Unless you realize that no one in the management gives a damn about the efficiency of the whole enterprise, equipment upgrades, bullshit jobs etc. bc in case of a major screw up everything will be covered by the state and you don't have any competitors.
ENRON at least was sold in parts.
ScriptFanix💍
@doppelfish That's the thing: when it's state-owned, you can do stuff like that to get through tough times, and make up for it later. @Hope4All
@ScriptFanix @Hope4All on the one hand, it's true that important, long-term infrastructure like energy, water, roads and rails are better in the hands of a non-profit entity.
On the other hand, the electricity price in France is misleading, as the French pay for the subsidies through their taxes. So, "nartionalized" does not mean "cheap" here.
Semi Sentient AI Cooling Water@Hope4All I find it particularly galling for the Scottish who some years ago now consistently produced more electricity than they needed from renewables alone. I think they should get free electricity.
pseyfert@Hope4All puts on tinfoil hat https://en.m.wikipedia.org/wiki/EDF_Energy isn't the nationalised energy provider in France one of the private energy providers in the UK?
DroidPortWhat does Blade of the Sun mean?
@Hope4All one of the main reasons the price increase is so low in France and EDF is so much in debt.
https://www.world-nuclear-news.org/Articles/Agreement-on-post-ARENH-nuclear-electricity-pricin
Agreement on post-ARENH nuclear electricity pricing
The French government and state-owned EDF have reached an agreement to regulate the price at which the utility's nuclear-generated electricity is sold to an average of EUR70 (USD76) per MWh once the current ARENH mechanism expires at the end of 2025.;
Emeritus Prof Christopher MayThere's a reason that its often reported that private sector top executives refer to the UK as 'Treasure Island'
The Penguin of Evil@Hope4All Cause and effect are not for the most part related here.
The UK is a cold damp rock witha very high population density, with crap solar options, little to no geothermal, very little pump storage or hydro opportunity (no real mountains), no land connections for energy transit and limited space for wind (even if we got rid of the nimbys).
Our energy prices suck for a lot of reasons but the structure of the energy businesses is really only a small part of it
Joshua Byrd@Hope4All but wait I thought privatisation always led to competition and this always brings down prices. I'm so confused 🤔
Paul McO'Smith III
Johnny Wilson@Hope4All It's almost like Capitalism is predatory and Socialism is humanitarian government. But surely that can't be...😉
🇺🇸 🇺🇦 🇮🇱 🐧 🥦@Hope4All France also aggressively went nuclear. Not altogether a great idea.
Globalement inoffensive@Hope4All French electricity market is privatised. There are A LOT of companies you can buy electricity from. One of those companies happens to be owned by the state.
The production company is separated, still almost fully state-owned.
The real difference is that France imposes a selling price that the state-owned company has to follow, and a lot of other companies follow this price as a reference. Some are cheaper though, but can rise suddenly.
This is bound to end as only legacy consumers can keep the contract with the imposed price. If you quit the state-owned company for a private one, then want to come back, you can't have this contract back.
@Hope4All and that's only for individual consumers.
Businesses and collectives (social housing for example) cannot have the imposed-price contract.
They were hit hard.
It's really not a paradise.
It still is better than a fully privatized situation, but it is not ideal, at all.
Steve Popovich@Hope4All all of which should surprise no one, since "privatized" is code for a corporation or billionaire creaming off as much as they can manage of rate payments as profit.
Alex P Roe 
@Hope4All But but privatisation was supposed to save us money! /s Guess who lied and guess who fell for the lies…most of us, sadly.