Fear And Loathing in Las Vegas

SSE is the latest Big Six firm to hike gas and electricity prices

The question is, who should be paying for the costs of efficient energy systems?

Energy bills for SSE customers will increase by £76 per year from July onwards – that's about £1.50 a week if you use gas and electricity.

What it means: SSE are the last of the 'Big Six' energy firms to hike up their prices.

Generally speaking, price hikes aren't so bad if inflation and wages are going up in equal measure – in other words, if the value of money is going down, and people are earning more.

Unfortunately, that's not the case here: prices are rising faster than the money coming into our bank accounts, and it doesn't feel like there's much we can do about it.

Companies say the cost of complying with government regulations on making energy supply more environmentally friendly and efficient should be funded by taxes, instead of them having to pass the cost to the customer in their energy bills.

That way, they say, instead of everyone paying the same amount towards the extra cost through an increased energy bill, the burden could be divided fairly by proportionally taxing people on different incomes different amounts.

Of course, others would say the companies should pay it out of their profits. It's a question of whether you believe companies should finance their own environmental burdens, whether governments should take responsibility for making our economies more environmentally friendly, or whether customers need to pay the price.

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Reader Comments

  • RW

    Your right to a degree. You mentioned “the wandering Jew”.

    I elaborate that the Jewish people, historically have tended to migrate almost exclusively to locations that are economically and culturally vibrant already. I would speculate that Jews have thrived in these places and have often improved the bounds of their economies and knowledge base.

    You can also ask; how many massive entertainment conglomerates, Nobel winners or billionaires has Isreal developed? If Jews are so capable, why isn’t Tel Aviv the Rome of our time?

    Jews are successful because they value education, maintain a strong social cohesive, they actively monitor and have a good sense for Zeitgeist wherever they are and they carefully choose the places they settle and congregate themselves heavily in these choice locations.

    But most importantly (haulocaust increased the importance of this aspect), they actually designed their culture for success. They not only attend Harvard, they use what they learned to better the group as a whole. With as much, they studied intricate networking systems, adapted to it and in many cases improved upon them. (See how Japan acquired Aegis warships and made them better).

    Of course there is nothing wrong with any of this. It’s when you elaborately gain disproportionate power in any society where you would stand out, you must take care when attempting to make a society better (Civil Rights movement) and rewriting that society all together (mass immigration). Ask blacks in China, Mexico, Philippines or India how much opportunity they have? Go to businesses owned by their American diaspora and see how many blacks they hire. Go to Silicon Valley and see how many East or South Asian tech workers wish they could work with more black people. California might work as a state, but as a nation, I think your rolling the nuclear dice here. I hope we can succeed as a tolerant pluralistic superpower but at this stage in human societal development, it’s a pipe dream.

    And if Jews really are the icon for success, they would see that fundamental human successes happen over generations. Just look at the rest of the planet? Are we ready?