Follow @PoliticsIE
 
 
 
Page 1 of 2 12 LastLast
Results 1 to 10 of 15

Thread: Bord Gáis profits up but 100,000 customers in arrears, are they overcharging?

  1. #1
    Politics.ie Member Podolski1.5's Avatar
    Join Date
    May 2009
    Posts
    577
    Mentioned
    0 Post(s)

    Default Bord Gáis profits up but 100,000 customers in arrears, are they overcharging?

    It was reported today that Bord Gáis, the state-owned energy company, had a 29% increase in its pre-tax profits for 2012, some €121 million. At the same time the dividend from Bord Gáis to the state has fallen by almost €10 million to €23.8m.

    Dividend from Bord Gáis down by nearly

    At the same time the company has over 100,000 of its customers in arrears, with many of them now tied to payment plans and some 62,000 customers who have been given pay-as-you-go meters.

    The Company has several large increases in its prices to consumers over the past years despite the recession when people's incomes have fallen significantly in real terms.

    Is it time for the government to force Bord Gáis and other energy companies to bring their prices down? Is it time to bring in a social price for those on limited means who still require heat and cooking power?

    Clearly the price of gas and energy in this country has increased dramatically over the past few years, despite the discovery of significant oil and gas off our coast and the increasing amount of wind energy (free after the infrastructure has been created, apart from maintenance costs). In my view this is all about Privatisation of companies like the ESB and Bord Gáis and keeping the price up to make buying into these companies attractive to investors.

    The privatisation of utilities is about profiteering and always leads to increased costs for consumers. Social aids such as fuel allowances and free units for the poor will eventually be taken away. Time to scrap the privatisation plans and return the social element to utilities.
    "The rich always betray the poor"- Henry Joy McCracken

  2. #2
    Politics.ie Member cyberianpan's Avatar
    Join Date
    Jan 2006
    Location
    Wherever I can see
    Posts
    16,730
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Podolski1.5 View Post
    Is it time to bring in a social price for those on limited means who still require heat and cooking power?
    I think that should extend to gas powered trampolines !

    cYp
    "Yawn , am I alive yet ?"

  3. #3
    Politics.ie Member Socratus O' Pericles's Avatar
    Join Date
    Oct 2009
    Location
    Saith Cainty Dublin
    Posts
    33,069
    Mentioned
    0 Post(s)

    Default

    It is being fattened up for partial privatisation:
    The Government plans to raise between €1-1.4 billion from the sale of a chunk of Bord Gais Energy – business which will be one of the largest ever sales of publicly owned assets on Irish shores. The sale is expected to go ahead towards the end of 2013.

    Bord Gais Energy is responsible for the supply, transmission and distribution of natural gas in Ireland and has approximately 1 million customers.

    The sale is expected to attract plenty of interest from overseas – with some of the the larger UK utilities expected to bid as well as Chinese and Middle Eastern investors. They will all see the sale as a significant opportunity to invest in assets which would otherwise have remained in public ownership but for the economic downturn and banking crisis. Of course – they will all be thinking of how to maximise the profits that can be made from the Irish consumers.
    Privatisation of Bord Gais | Money Guide Ireland
    The truth of an idea is not a stagnant property inherent in it. Truth happens to an idea. It becomes true, is made true by events.

  4. #4
    Politics.ie Member
    Join Date
    Sep 2011
    Location
    Limerick
    Posts
    4,530
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by cyberianpan View Post
    I think that should extend to gas powered trampolines !

    cYp
    ............and hot air specialists like yourself.

  5. #5

    Default

    In the price gouging centre of the the universe ie Ireland, I've personally never known a company need such sizeable price increases more frequently than them 'gas' lads.

    Seriously, they'd put hyperinflation to shame.
    Fianna Fail - The Anti Democratic Party & The Anti Constitutional Party. Traitors of Irishmen and Irishwomen.

  6. #6

    Default

    Quote Originally Posted by EUrJokingMeRight View Post
    In the price gouging centre of the the universe ie Ireland, I've personally never known a company need such sizeable price increases more frequently than them 'gas' lads.

    Seriously, they'd put hyperinflation to shame.
    Some background figures to help make up your mind.

    Best regards, Pat.Twitter-energy economy news _ _ Each to their ability, together we progress.

  7. #7
    Politics.ie Member
    Join Date
    Feb 2004
    Posts
    15,634
    Mentioned
    0 Post(s)

    Default

    One assumes that they are building reserves to pay for the rollout of water meters.
    "Always do right. This will gratify some people and astonish the rest." Mark Twain

    “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” Napoléon Bonaparte

  8. #8
    Politics.ie Member Telemachus's Avatar
    Join Date
    Apr 2004
    Location
    A Dirac Sea
    Posts
    6,570
    Mentioned
    0 Post(s)

    Default

    The workers in Board Gáis are overpaid, I would not sell it off, I would ban collective bargaining in such organizations and impose cost cuts unilaterally, workers not complying would be fired and replaced by some of the hundreds of thousands on the dole.
    ..the Irish nation can become other than white, by privileging the voices of the racialised and subverting state immigration but also integration policies. – Ronit Lentin

  9. #9

    Default

    Quote Originally Posted by Telemachus View Post
    The workers in Board Gáis are overpaid, I would not sell it off, I would ban collective bargaining in such organizations and impose cost cuts unilaterally, workers not complying would be fired and replaced by some of the hundreds of thousands on the dole.
    There are more sub contractors in Bord Gais than employees, did you glance at the table above ?
    Best regards, Pat.Twitter-energy economy news _ _ Each to their ability, together we progress.

  10. #10
    Politics.ie Member Telemachus's Avatar
    Join Date
    Apr 2004
    Location
    A Dirac Sea
    Posts
    6,570
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Pat Gill View Post
    There are more sub contractors in Bord Gais than employees, did you glance at the table above ?
    Bunch of glorified plumbers.
    ..the Irish nation can become other than white, by privileging the voices of the racialised and subverting state immigration but also integration policies. – Ronit Lentin

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •