Stats for Socialists: Energy Price Rises – the Cost of War and Private Ownership.

These are the new projections for energy price rises over the winter.

The projection for Oct 22 is more than double the price from Oct 21.

This could be an underestimate because the future projections are always being revised up, with some estimate already projecting £3850 by January.

The government’s one off £400 rebate will barely put a dent in that.

The scale of the increase imposed on households is extreme by comparison with the 4% capped increase on bills in France. France has a nationalised energy supply system and the recent experience of the Gilets Jaunes protests.

With supermarket chains in Austria issuing advice to staff over what to do if mass looting breaks out during winter blackouts, its hard to avoid the conclusion that we have a government here that is drifting to a scale of disaster it can barely comprehend.

The price of energy is being driven partly by rising global demand after COVID safeguards have been largely abandoned, but is given a vicious upward twist by the war in Ukraine.

The longer the war goes on, the higher the bills will be and the longer they will stay high.

The UK government is actively seeking to prolong the war. The Labour movement should be campaigning for the earliest possible negotiated peace – both to resolve the conflict and relieve the economic pressure here and across the world.

Meanwhile, the TUC has produced a very serious plan for affordable energy which everyone should read and spread about, noting that the projected cost of nationalising the big five energy suppliers is no more than this government has spent on bailing out the weaker private sector suppliers so far.