Explained: How to fix Britain's broken energy system

Sandy Hager from the Common Wealth think tank breaks down the flaws in how the UK gets its energy, and how to solve them.

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[hamwhacker]

The energy bills are not frozen. Only the energy payment rate per hour. Your bill can still go higher than £2500 if you use more energy.

[christophera]

Re nationalising utilities such as power would be good idea not just Britain but here in Australia to kick the corporate sector out of utilities.

[steveparker]

Because privatisation just adds an extra layer of admin and profit requirements. Privatisation costs the taxpayer in subsidies, bailouts and corporate welfare as well as tax breaks. Nationalisation is a country being self-sufficient.

[schumanhuman]

We don't need to nationalise by replacing the private companies, just nationalise their profits with permanent not windfall taxes.
Norway show the way with a 77% tax on oil profits, that might sound excessive but they keep the oil firms sweet by funding R&D via the wealth fund, a very successful public/private partnership model.

[CitiesForTheFuture]

Making huge profits from energy is a human rights issue. Economies should, instead, use cheap energy to make big profits. Energy underpins everything - from food production, pumping water to homes, running schools & hospitals & libraries, allowing NGOs & welfare organisations do their work, helping small businesses earn an income, keep citizens warm / cool & fed, and charging our technonogies etc. But then since when last did govs work for their citizens rather than big corporations... have the working class become mere worker drones to build huge business empires for oligarchs?

[ElCID]

The bills ARE NOT FROZEN AT £2500, that's an average, if you use more energy you will be charged more.

[paulroberts]

This was all the fault of Thacher. Previously CEGB. Bought coal from local pits, generated the power then sold to local distributors, in my case EMEB. Now its a disaster for ordinary people. This guy is right. Nationalise now.

[peterkatya]

Yes you are right we must have non profit making energy supplys

[seebarry]

When you’re PAYG metered you definitely have to choose if you’re colder or hungrier. Because the impact of not having one or the other, is instant.

[hansweissmann_xviii]

The chickens have come home to roost!
Market liberalization was, is and will remain a fairy tale……

[fecundloin]

I live in the NE and taken as a whole we are 100% wind powered(I know this isn't a true picture as you need backup generation power), no NIMBY's off the coast of Redcar

[Azmodaeus]

We need to heavily start investing in hydrogen gas production and gas storage, including more solar farms, more wind and hydro energy stations to contribute more to our energy system and on top of that mini to medium battery energy storage that can sustain energy for back up/demand purposes.

[davidpeppert]

The Thstcher chickens are finally coming home to roost…..

[chrisjb]

Industries that are vital so will always be subsidise if failing and put money into CEO and shareholders hand when making profit. Main ones that come to mind that would do well to be nationalised are are 1. Energy 2. Transport 3. Communications 4. Resource extraction 5. Water and we need to resist all attempts at privatisation of 5he NHS)

[bigmanted]

Thank you for the tutorial. Its working great!

[imafackinjunglist]

I thought this was a channel about dissecting politicians rather than promoting your own political philosophy?

This is an opinion video not a factual one. Would rather see politicians back tracking and contradicting themselves because it involves no opinion, only the fact they are contradictory.

[tfender]

It's quite difficult to nationalise energy- the inherent cost of buying out the energy system would put a massive tax hit on future generations. I think the best option is to buy out the national grid and then have a national green energy company which would allow a slow and progressive squeeze out of the private sector without having to completely buy them out. The issue would likely be legal and the fact that this would be anti-competitive

[brusselssprouts]

Get control back to the CEGB and local Electricity Supply "Services" (not "businesses"), and bring UK gas resources into National control, because they should be as strategic as our Armed Forces and Intelligence Services.

[PhillipHilton]

No, wrong end of the pointy thing gents. We need to 'stop trading non-hydrocarbon sourced energy in USD and stop pegging renewable energy to gas.'

Does the wind stop blowing? Does the sun stop shining? Do the waves stop crashing? No.

[jakereed]

Were all getting mugged off but most people refuse to see it.