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  1. #221
    powderfinger powderfinger is offline
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    Quote Originally Posted by Outlander View Post
    Ryan advises customers to save money by leaving ESB - National News, Frontpage - Independent.ie



    Regardless of the merits or demerits of the ESB, is this allowed - should a minister undermine a semi-state company?
    I listened to Ryan doing the same thing on Morning Ireland today.In Lucy Kennedy mode he launched into a snappy promo for Airtricity and BGE.He encouraged listeners to churn their domestic electricity account from the ESB to the aforementioned 'competitors'.
    Ryan intoned that the programme's listeners could save at least 10% from the regulated price by moving from the ESB.He was not challenged on his advice by the interviewer.

    Who knows what tariff the switcher could end up on when the discounted teaser rates end ?

    Is there a possibility that the new entrants may act more aggresively in dealing with account arrears in terms of supply disconnection?

    Are the new entrants engaging in aggressive sales tactics that may indeed lead to mis-selling in a price deregulated market?

    I would advocate a 'buyer beware' approach before acting on Ryan's advice.
    Last edited by powderfinger; 2nd September 2010 at 11:24 AM.
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  2. #222
    Socratus O' Pericles Socratus O' Pericles is offline
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    Just been at a meeting where an organisation's bleak prospects in 2011 were discussed with growing dismay as the time went on. One of the key facts that astonished people in this entity whisch has a particularly energy usage is the fact that the Government have passed the 5% Energy increase on to the end user.

    People at this meeting are not hysterical and understand the ESB's difficulties including it's relationship with CER and the Government but also understandng their virtual monopoly for supply until recently and their absolute monopoly over networks-- yet the tenor at this meetingwas one of bemusement.

    As business costs are strangling many entities and credit is virtually impossible to acquire it is surprising that a large entity with a virtually guaranteed profit stream cannot accept a small diminution in profits (3bn Last year?) for a PSO levyis incredible.

    How can this be in the public interest at thisd time?

    If I were a candidate in Dublin South in the next GE I'd brand Ryan Mr. 5% -this is a bit of a disgrace right now- I mean its not as if the ESB coud not bear this right now and get it back in future.
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  3. #223
    Socratus O' Pericles Socratus O' Pericles is offline
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    In all, electricity users will pay [euro]195m above the market price for electricity over the 12 months from October. On average, each household will pay [euro]32.76 more per annum.

    Small commercial customers will pay [euro]99.03 while it is expected industrial customers will pay [euro]86m. The decision comes just over two months after the ESB promised lower prices with the opening of Ireland's biggest new power station in Aghada, east Cork.

    Electricity prices will go up by 5pc; Eamon Ryan sneaks out new levy announcement | Mail on Sunday (London, England), The Newspaper | Find Articles at BNET
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  4. #224
    Jacques Jacques is offline

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    Spirit of Ireland founder, Dermot McDonnell, is a non-party candidate in Mayo. He is the man who got Enda Kenny to adopt pumped storage prior to Prof Schvetts speech about energy independence which led to SoI being established.

    He has an excellent piece on the downloads section of his website www.mcdonnell.ie on what he describes as racketeering by the semi-state energy sector which should be read by anyone who pays an electricity bill in this country.
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  5. #225
    fiannafailure fiannafailure is offline

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    Quote Originally Posted by Jacques View Post
    Spirit of Ireland founder, Dermot McDonnell, is a non-party candidate in Mayo. He is the man who got Enda Kenny to adopt pumped storage prior to Prof Schvetts speech about energy independence which led to SoI being established.

    He has an excellent piece on the downloads section of his website www.mcdonnell.ie on what he describes as racketeering by the semi-state energy sector which should be read by anyone who pays an electricity bill in this country.

    A contact of mine in ESB networks, estimates that there will be another 40,000 disconnections this year.

    I have tried over the last two years to educate people about the realities of our current energy policies, for example I pointed out that we have 1% of the EU population and yet we account for over 7% of total EU gas imports, madness.

    But I am humbled by the honesty and clarity of Dermot's critique.

    If you give a damn about our economy and its future, I recommend that you read it.
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  6. #226
    underheaven underheaven is offline

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    Quote Originally Posted by Destiny's Soldier View Post
    Well as I keep saying, the public signed up to the Lisbon Treaty and would also have signed the Copenhagen Treaty if it came about. But the public didn't realise that when you're expected to cut emissions by 80% by 2050, it means in part, economic destruction of the country. The Govt needs money to be set aside to fund these "Green Energy" investments if we are to cut CO2 by 80%. Where else is the money to come from only Carbon Taxes?

    If they can't get road tolls they'll get it from your ESB bill.

    Up yours the people of Ireland, you are getting what you deserve for voting yes to Lisbon.
    There needs to be special group of some kind [nongovernmental]a bit like the people in Greenpeace,to pressurise the government to take into public hands ALL energy sources on Irish soil ,in Irish waters for the people of the country.

    Ireland should not be too worried about her own pollution,for she is possibly the only country in Western Europe to not have nuclear power.
    At least you won't have to worry about that.

    I like your wisdom statement
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  7. #227
    SirCharles SirCharles is offline
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    Quote Originally Posted by Jacques View Post
    Spirit of Ireland founder, Dermot McDonnell, is a non-party candidate in Mayo. He is the man who got Enda Kenny to adopt pumped storage prior to Prof Schvetts speech about energy independence which led to SoI being established.

    He has an excellent piece on the downloads section of his website www.mcdonnell.ie on what he describes as racketeering by the semi-state energy sector which should be read by anyone who pays an electricity bill in this country.
    "The Great Electricity Racket" seems to have vanished
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  8. #228
    Frank Galton Frank Galton is offline
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    There could be a new problem -- Veridian's owner is having problems raising money to refinance debt. The Arab Spring might yet affect Ireland: ESB competitor with debt problems = less competition or higher prices, or both.

    Bahrain-based private equity investor Arcapita Bank is facing a potentially painful debt workout as it mandates advisers ahead of the March deadline for the Manama-based group to repay $1.1bn of loans.

    Privately-held Arcapita, which declined to comment, owns a broad portfolio of companies in the US and Europe, including UK rail cargo company Freightliner, Irish utilities group Viridian and US women’s apparel retailer J Jill.
    Bahrain’s Arcapita faces debt challenge - FT.com
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  9. #229
    SPN SPN is offline

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    Quote Originally Posted by Frank Galton View Post
    There could be a new problem -- Veridian's owner is having problems raising money to refinance debt. The Arab Spring might yet affect Ireland: ESB competitor with debt problems = less competition or higher prices, or both.



    Bahrain’s Arcapita faces debt challenge - FT.com
    How could it cause higher prices? The ESB is the cheapest producer by a long shot, but it is forced to charge higher prices by the regulator in order to allow the privateers to make massive profits. We see the same thing happening now with wind production. If the wind blows the price of electricity drops and the privateers lose the ability to gouge the customer - so the CER is going to knock wind off the grid if it comes close to taking out the profit making abaility of the gas fired plant (some of which is actually fired by diesel, but we don't talk about that).
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  10. #230
    Pat Gill Pat Gill is offline

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    Quote Originally Posted by SirCharles View Post
    "The Great Electricity Racket" seems to have vanished
    Charlie, is this what you were looking for ?

    http://www.mcdonnell.ie/
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