GB Energy experts stumped by basic questions in Committee hearing
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- เผยแพร่เมื่อ 14 ต.ค. 2024
- SNP leader Stephen Flynn had industry experts stuck for words earlier this week on the very basics of the GB Energy bill.
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6:57 - "With all due respect, asking a question's not for the sake of [filling] time - it's just my job." 👏
Then he proceeds to get interrupted
He just repeats his first question which was already answered.
@@Ocieks Because it is an important question that they're dancing around. He wants a clear answer, he does not get a clear answer and so labours the point.
The labour govt appears to have done no detailed planning, in fact no planning beyond a concept, prior to coming to power. The energy bills will not come down unless there is government intervention as was done in France to EDF. The excuse will be , we have built infrastructure and now we have to raise the standing charge to get the investment back.......oh and we dont control the market prices. The government needs to take utilities back into govt ownership
Been in government 100 days.
Can’t believe Labour haven’t delivered 100% renewables by now!
The Labour Party is a capitalist Party and their allies the Conservative Party agree on most things
The utilities will be kept privatised because the people who own the Labour Party now have paid the politicians for their services
CORRUPTION
We have wasted our Oil and Gas reserves. We allow foreign companies to work these fields and sell the oil/gas on the world market and keep the profits with no benefit to us. Had we used UK only companies and sold to the UK at a lower price, with excess going on the world market, we coukd have kept the price low for UK consumers. Alternatively done as Norway did and put a tax on producers, put the money in a Sovereign wealth fund for the whole country to benefit from. Our Green energy is being taxed to bring it up to the same price as oil and gas. The UK people always put behind the profit of businesses.
Totally agree
Don’t use common sense to counter arguments regarding issues that arise from Capitalism. Powers to be want us to revert back to a feudal society
We sit on a reservoir of oil & gas. This commodity is sold by private operators, who have invested billions of £ & the benefit to the UK is huge boosting our gross exports & tax revenues. How governments choose to use these receipts, is unfortunately their business, waste comes to mind!
It’s not capitalism the politicians are in the pockets of large corporations and use capitalism as a excuse. They make decisions that benefit themselves and and large corporations even if it means billions of debt and depriving the country because either way they’re ok and the mass are busy hating each other and not on bigger issues.
It’s not capitalism the politicians are in the pockets of large corporations and use capitalism as a excuse. They make decisions that benefit themselves and and large corporations even if it means billions of debt and depriving the country because either way they’re ok and the mass are busy hating each other and not on bigger issues.
Am I the only person that thinks the first guy answered the questions rather well ?
No, I thought he answered pretty well too.
One of Politics JOE's great weaknesses is a very lazy tendency to ape tabloid front page headlines to get views and clicks. Hopefully they'll eventually realise that when it crosses a line into being effectively false advertising, people are actually LESS likely to watch their videos. The boy who cried 'wolf!' and all that.
@@julian.morgan no I think PolJoe's main weakness is that they are just contrarian by nature. That worked well in the last government but with this one they are just not giving anything a chance
He gave a good answer
Yes you are, he SAID nothing!
His first answer is valid, there's no point in putting a number on it if it's a brand new project that doesnt have the information yet
There is an army of consultants and civils servants behind every proposal like this. I know, I used to do thatsort of work - top down defining strategy and looking at how that will be delivered. The inability to answer shows either that work hasnt been done or that it was ignored to pursue an ideological agenda.
@@lat1419 I disagree they would never provide hard numbers even estimates to prevent getting pulled up on them if they're incorrect.
@@Alexander-yb1zc i think you dont understand my comment. The very nature of this is that these are actually high level estimates. There are no "hard numbers". But there is a highly iterative method to take a strategy, show how it might be implemented with costs on several different options (such as nationalising the power industry) and then through many rounds of work decide how an overall budget is needed for the preferred pathway. There are always figures. But never such as "hard figures" as that is a term without a "hard" definition . They lie if they say theres no costings.
@@lat1419 No I understand that there are educated estimates however looking further down the line I can see that providing those numbers could turn against them "You said that it was estimated that X number of jobs would be created in your testimonial in 2024, now we are hear years late and only Y number have been created, is that because you lied ? Or because of ineffective leadership?"
I suspect they were advised to avoid giving these estimates to prevent future attack lines.
@@Alexander-yb1zc I would err on the side of some of this being unknown unknowns, being ideologically driven some of it will be pursued at any cost, no matter how unhinged.
Have course he will get stumped, when you have Agent 47 asking the questions.
😂 brilliant.
The only man for the job 😂
I don't think he's 'stumping the experts' when he's trying to oversimplify complex issues into gotcha-style questions outside the scope of GB Energy 😂
The issue with the vague answers is that there's nothing in the bill to stop the govt funneling billions into infrastructure that will end up privately owned and bills will continue to rise
@@monkeyboyclydeexactly, there's no physical assets. Looks like a shell company funded by the public purse they sell off for cheap at some later date.
Joe doesn't do objectivity. If you want objective reasoning, the Guardian would be a better avenue for information.
@@SammyInnitthe guardian 😂😂
@@SammyInnit You dont like it because "your party" is in power and thus is now the target of the criticism.
That Tory pothole, is now labour's pothole.
Seem like fair answers, no film flam or empty promises, just possibilities and strategies.
Who said GB Energy was about lowering prices? I thought the point was to act as an investment vehicle to funnel more money into the private energy sector.
Well that's how everyone in the labour party has been selling it as. Even though you are pretty much bang on with what it'll actually do
@samuelwilkin5 Until such a time that green energy wholesale pricing isn't based on gas, then it won't make a jot of difference.
As it stands, pricing is based on the most abundant method of energy generation required to meet energy demand at its peak, and that is currently gas.
Keir Starmer did
Sure but the green energy generators know that when they bid. Changing the wholesale price mechanism as you imply would result in higher price bids from green generators as they know they won't be profiting from the gas price at peak times.
We also need colossal investment in green generators, storage and transmission.
Bills were artificially low due to Russian gas that was sold cheaply to allow Putin to gain leverage over the west.
It will be a very long time before a green grid with enough storage and flexible transmission can reach those prices. Maybe never.
We will not see cheaper bills in this parliament unless they relent and import cheap gas from elsewhere.
I don’t understand what could be written in the bill that could give the certainty of reducing energy by £300. Does anyone else? I’m looking to be informed.
No, because the £300 is a political decoy, the system guarantees the generators excess profits and is designed through weak governance to penalise the consumer. This does nothing other than transfer yet more public funds to help subsidise the same energy companies who are raping the consumer.
Could have a guarantee that in 4 years (or some other timeline) the price of energy will be capped £300 lower than it is now? And if that is not possible, they shouldn't have promised it to the electorate in order to get into government.
Our energy prices are dictated by the marginal cost of the final mile generation at peak load which is standby gas generation, the cost is horrendous especially last year
The industry has known how to resolve this like forever its utilisation of mass storage to store always on power to timeshhift demand
Norway used parts of its oil money to build hydro and pumped hydro you can deploy MegaPack technology now at a fraction of that cost.
@ten060
@@ten060why? The red tories always lie, it's why they are red tories and not labor.
@@ten060 Then you fall into the trap of external factors, like inflation or the next pandemic messing things up, or saving people £290 being branded as a failure by the opposition.
This is just legislation to set up the organization which will bring hundreds of jobs to Scotland, Flynn seems to be letting his partisan views get in the way of a net positive to Scotland.
The chair trying to cut off the SNP minister for pointing out that GB energy 'might' lower bills at some mythical future date and that the bill has almost zero detail on what it will actually do? This Labour party are a big fat balloon of hot air.
Of course they are. They won because of how poor the tories are and what first past the post gifts them. Not because of any reality prospect of being useful 😂
"Bringing energy bills down is a complicated process" but raising them isn't 😂
Well the lowering of bills requires the constraints on supply to be eased but if the war in Ukraine persists which it is likely to then the only route out is by building and completing infrastructure projects which, I don’t know whether you’ve noticed, our country sucks at.
Energy companies or the government cannot magic new electricity generation into existence so as much as you’d like them to go down, they won’t. They’re already under a price cap facility and the only further step would be to nationalise the energy industry and either take profits off which you’d barely see in your bills or force the government to charge below market rate which would leave the taxpayer footing the bill and you’d likely be paying more in taxes for that to happen. Infrastructure projects are ‘a complicated process’ but they’re all we’ve got.
GB energy is a hedge fund, owns nothing, produces nothing, manufactures nothing. its PFI for energy.
How long do we have to put up with this rubbish? Maybe only when we as consumers stop paying inflated prices for our energy
I pay 10p per kWh for electricity on Octopus Agile by shifting usage to the cheapest times. I am very happy with that. There are options out there.
It’s just another corporate scam.
Energy bills would come down if we nationalised the energy companies (or a company) but the goverment aren't planning yo do that are they?
Nope , this lot are business first and fk everyone else . Look at water , never been a better or more necessary time to nationalise but these arseholes say they will be a bit stricter and fines be a bit bigger . Just fkn hopeless. Same with building social housing just chuck money at private sector and say it'll be different this time😂
Not even companies, we just need one, that we own, root & branch that can't be leveraged against us by profiteers.
It's not rocket science, the film flam complexity of the current proposal sounds like the bs sales pitch of a time share property scam.
Maybe in the short term but once incentives to manage costs are removed - competition, profit, accountability to shareholders - which way do you think prices would go?
@cad4246 the problem with that argument is that it is the one used to justify the initial privatisation of these assets . And which way did prices go ? Private sector will always aim for the maximum return on investment so any theoretical savings are taken as profits/dividends .
@@cad4246sounds like a Thatcherite argument from the 80's, how have things gone since then?
Why is everything "at a competitive price" and "in the energy market" and "might grow to rival EDF" and not "the aim is to provide energy to our population at cost with a reasonable margin to maintain and upgrade infrastructure as required"
i think Mika was just stumped at how stupid the question was
That’s because you didn’t understand the nuances of the question.
Good on you Stepehn Flynn, don't let them wriggle out of answering the hard questions.
I never understood this channel's sycophancy for Stephen Flynn. His questions were fine and most of the answers from the witnesses were equally fine. Some of the questions could not produce clear and precise answers due to the nature of the industry and the nature of the problem. Most of the witnesses weren't stumped at all.
Nothing to do with Stephen Flynn just TH-cam algorithm “click bait” innit
And the pantomime continues
Another example of government being seen to do something; rarely the right thing; never enough. Where is tidal and solar energy in this mix?
What job creatian?
A few ultra specialised engineers...
Once job done... no more jobs....
Do you mean that windfarms and solar power once installed doesn't need to be maintained? I wish that was true
The govt themselves quoted the £300 a year saving - the question is simply “how did you arrive at this figure and how will you achieve it?”
Surely they must have some kind of theory or calculation or projections or estimates?
Even just changing an admin procedure in an office - you’d be expected to show substantial proof or an estimate range of how a saving may be accomplished
GB Energy is Labour's version of 40 new hospitals.
They will go up massively. And so will Labour MPs bank accounts.
There's more chance of Two Tier stopping taking freebies than there is of GB energy bringing energy prices down.
I live on the coast of Aberdeenshire and I have been checking out for GB energy jobs and so far, I found nothing. Stephen Flynn is right ask all these questions because there's nothing here. Also, we pay the highest energy prices in the UK despite being the energy capital of Europe. I'm surprised my MP Andrew Bowie didn't ask the same questions.
It's pretty standard to ask the question in multiple ways to probe and prompt the person answering for clarity, these things must be comprehensible to various people, at various levels; experts, laypersons and everything in between.
These are not "basic questions"! These are complex questions. Even if renewable energy even breaks even cost wise, we have all won, because of longer term energy security & environmental benefit!!
If something smell of the manure then it probably is
Towards the end of this video I got the strong impression that the chair of the committee is part of the problem of government.
Oh wasn't it because of renewables, well what a load of nonsense you talk matey. 25% of the charges that appear on utility bills are down to green taxes. I'm on a green tariff for my energy. The company Scottish Power only produces green energy and my costs are going up because of demand. Global energy prices have fallen in terms of oil, in recent weeks yet here we are with higher electricity and gas prices.
It has nothing to do with the price of oil, it's very dependent on the volatility of the national energy markets and the deregulation that happened in 1995 under John Majors Government so can we please for goodness sake get someone who actually even has a remote insight as to how the UK national market works.
OFGEM were the main irresponsible useless articles that were responsible for separation of production and supply which led to anyone and everyone setting up an energy supply business. When each firm Floundered and collapsed during a two year period, all the costs of energy that were unpaid plus the reimbursement of people and the debt of the collapsed companies all got added in to the pricing of energy people had to then pay for. This was why costs got so very high over here, and nowhere else in the world.
Rank amateurs setting up business with no idea how the market worked
Poignant questions and comments made by Stephen Flynn.
Nationalise everything DEPRIVATISE EVERYTHING
@@KurtBossy no
@@footballmint yes!
@@BocaoZ no. In competitive markets without any natural monopoly issues the national state is way way worse at running things.
@@footballmint why
@@zxG777 govt bodies lack both the information and incentive structure to run most of the economy efficiently. The parts they can do better than private industry are areas such as rail and health where natural monopolies exist or market incentives drive immoral actions. E.g. supermarkets are way more efficient than any govt department could make.
It’s disgusting how such people hide the truth from people. They should probably start by publicising why they were up in the first place.
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Why does it fall to a _Scot_ to ask the crucial, penetrating questions??
Because we are dominant in energy production in the UK, a lot of lights would go out in England if we turned off the energy.
@@orlagibbons9148 i think he means why is it not an englishman asking the important questions regarding english energy prices, instead requiring a scot to ask. but idk if that is actaully what
In Scotland we are already doing what this guy says GB Energy is going to do and if they got rid of the link in price of renewables to gas and turned off gas instead of paying companies to switch off wind farms the cost would come right down
Prices are not coming down for energy in the UK under GB Energy. It’s a blatant lie
Does “GB energy” cover the north of Ireland, since the name of the company would suggest it does not. A company made by the UK government name to exclude part of the Uk. Typical of the English nationalist parties in power to exclude one of the four parts of the Uk.
Probably not, as the whole of Ireland operates a single wholesale energy market. Prices in NI are cheaper because it is part of that market.
According to the bill it does indeed extend to NI
What extends, though, is unclear
The bill never defines what on earth GBE does as that is up to the SoS, so from my understanding the SoS would decide if it does (though it would potentially require consent from NI's Energy Dept)
Northern Ireland is not on the GB grid run by National Grid. It is on the Irish grid.
Why were the two union guys expected to be experts on this new company?
"shell and BP paid no corporation tax or production levies on North Sea oil operations between 2018 and 2020, and claimed tax reliefs of nearly £400m, according to annual “payments to governments” reports analysed by the Observer. Over the same three-year period, they paid shareholders more than £44bn in dividends."
Why supplement these companies with GB Energy, we need to replace them with GB Energy instead
Exactly. It almost sounds like its going to be there for no other reason than to take the profits generated from private supply, not manage them, not lower them, just take them to supposed public ownership to give to private companies that provide renewable energy
Energy is one area where the SNP are horrible. They still want to expand the fossil fuel industry in Scotland. It's genuinely unforgivable.
Any more unforgivable than the gas licences your government passed last year?
The Tories sold over 100 drilling licenses earlier this year. Energy policy is reserved to Westminster, therefore the Scottish Government has no say, and no control over oil, gas, hydro or wind.
@@enemystand2981 no.
Another load of old rubbish for stammers cronies.
we have the dearest energy prices in the world, a complete u turn is needed here as it a complete disaster. The last thing we need is more civil servants. meddling in the market
The market fucked everyone over, not the civil servants.
The bills went up, because that was the price for gas and oil.
@@sciencefliestothemoon2305and the gas and oil isn't owned by the people, only the cost of the pollution caused by the gas and oil is owned by the tax payer.
@@sciencefliestothemoon2305that and blatant price gouging with suppliers doubling profits over last few yrs
Building more wind isn't the issue its the grid that needs to be upgraded to handle more duck tape solutions wont work renewable needs a better storage medium so we are not paying companys to turn of wind farms because the grid and storage cant handle it.
Bills won't come down they will sky rocket
Stumped!?its calked lying,cheating,dishonesty and greed
Jeez, don’t ask them too many questions about their made up company I want to go get my free tax payer lunch
Only children expect guarantees in life. What i see are very intelligent people working hard to make things better in a incredibly complex sector vs politician wanting soundbites and simple answers.
Tories in red.
Seems at least for the first 3 people answering its less like they're stumped and more like they're exasperated by being asked for SOLUTIONS NOW when they are thinking long term and are early in the planning process.
its a investment company for the government to make money
Its beginning to look a lot like Privatisation (still) when GB Energys in town....
Steve says it best, when he sez nothing at all.
Did any other MPs ask any questions other than Stephen Flynn? Stephen Flynn fan club. They weren't stumped by any of the questions and they responded to all of them. However, I find Stephen Flynn very aggressive asking the same question multiple times is not stumping someone. It just looked like Stephen Flynn failed to grasp the answers that were given
I'm surprised Politics Joe have such a click bait title. This is basically Stephen Flynn of SNP trying to make a cheap political point about bringing energy bills down. Most of the questions were reasonably answered given the remit of GB energy.
And he's having a go at GB energy because the SNP are pro fossil fuels.
What is the remit of GB Energy. Labour promised to bring down bills by £300 in their manifesto. They have gone up £150.
@@gordonmackenzie4512 did labour specifically say GB energy would directly reduce bills? That could be their remit, but I've always understood it's remit to directly invest in and help private investment in green energy
TUC Senior Policy Officer. Nuff said.
British Gas made £100 profit per customer in their most successful year and the year before made £10 profit per customer so the best you could really hope for from GBE is to lower your bills by that much per year. Not life changing is it. £1-10 cheaper per month.
Laour's been providing huge support for renewables by allowing projects to commence where the tories opposed them numerous times.. Also, they're partnering in the preliminary stages which is vital to establish greater multi-partnerships.. Furthermore, when EVs replace internal combustion engines, oil prices will plummet due to lack of demand and renewables will be dirt cheap due to solar panels being a simple solution for powering EVs
Strange that nobody is asking what’s happening to the wind turbines after 15 to 20 years at the end of there useful life
"competative price= competative profits"
How were they stumped exactly? The answer was valid and explained more than once.
I thought all the answers were pretty well-reasoned.
Well done Stephen Flynn
Stephen Flynn’s face says it all. The bill is complete nonsense.
prices won't come down because the energy firms are colluding to keep prices high
Dont think they seem stumped, they all said the bill doesnt have that detail, but in future, theres nothing stopping GB Energy from doing that. So 🤷♂️
1:58 Flynn looking on with contempt at a man who still has his hair, yet takes so little care of it.
But we price rises because of a global coal crisis?... We shut all those cheap generators down, to rely on gas for the renewables.
Why can’t the fuel allowance be built into GB Energy as a guarantee? like the nhs more than just a “champion” for bringing prices lower
Let me give you a clue, it's all about profit
No, they can change the pricing structure, and get rid of the crazy marginal pricing structure, and thereby make bills much lower.
Perfectly reasonable answer, far too many unknowns in the equation.
They won't come down,just won't go up as quickly. Oil prices could be $1 a barrel,but energy prices will still go up. Governments/big business don't want that.
So the energy produced wont be sold on the world market? Thats the only way for energy security and to bring down bills.
Misleading title I feel. It’s Stephen Flynn being Stephen Flynn.
It makes common sense to plan and grow the concept, giving it enough room to grow and expand and not limiting it as its early days.
The problem is who governs the energy retail market and allows energy companies to make record profits (that politicians have shares in).
If the governing company ofwat is it? Is the recent issue not bringing prices down
When there letting record profits in a poverty stricken country.
This whole thing is another way for Starmer to syphon off public money to private businesses.
Thats neoliberalism for you...
Pretty much everything Labour want to do will result in more public money going to corporations.
Seems to be a bit of a common theme throughout the government these days, and not just the UK government 🤔
Trying to compare EDF to GBE is like comparing apples and bankers, EDF builds, produces and sells energy on the other hand, GBE moves a bit of money here and there to make profit for their investors.. not the same at all
Friends in USA pay 7 x less electricity then we do in UK !!!!
I pay 10c/kWh in Oregon, or I would if we didn't generate all our electricity from solar panels on our roof. Actually the electricity grid pays us for our excess power.
Clickbait. The experts weren't at all 'stumped'.
So GB energy is a load of pish that won’t guarantee lower bills is what I got from that
Exactly, wont operate as a supplier, wont act as a regulator, wont act as anything other than a vessel for companies to move to renewable energy sources. Thats it. Nothing like what was claimed.
Clickbait title wasn’t stumped at all very reasonable answers. 1/5 for accurate headline 5/5 for disingenuous doom baiting
Gotta politics promoted by gotta politics journalists
We are so F*****
why has energy costs charges bills etc. increased??. what causes the increase. .. they make huge profits according to their figures yet the people have to pay higher costs. how is this fair? what causes justify in creased bills yet the companies are not suffering any increased costs. if they claim claim it it is for more investment in production then that INCREASED PRODUCTION SHOULD LOWER THE COSTS TO CONSUMERS ? .. when are these corporations going to be held to some account that has enough bottle to put them in their place and provide reductions in consumer costs. it is a scam and it has to be stopped. .
Bills are not coming down. Cheap russian gas is no longer an option. We need to invest to decarbonise. Not just in renewable generators but also in storage and transmission. We also need to encourage more careful energy usage by consumers.
This should be combined with subsidies for low income households to insulate and seal their homes so that they don't need as much energy for heating. Perhaps battery storage too so they only consume electricity at off peak prices.
Glasgow Edinburgh street lamps ON ALL DAY!
Why rhey waste excess instead lowering price?
They're not on during the day, you're lying. I used to live in and regularly visit Glasgow/ Edinburgh.
@@prohibitedarea8590 I saw today 8 lanterns on, 13- 15pm, I have hundreds pictures to prove
so TOP LYING!
Can't see anyone being 'stumped' as per the title in this clip...
There will be NO energy price reductions as a result of transitioning to wind and solar. Just look at the latest auction prices that guarantee electricity prices that are nearly double the current exorbitant prices, which incidentally are the highest in the world. Make energy expensive make EVERYTHING expensive. 😂😂😂😂😂
I thought it was about GB News.
Is this the Stephen Flynn show? Didn’t other members have decent questions? Or has polJoe got a hard on for Flynn?
Was she on a promise??!
We need to stop peddling this myth that investing in renewables will reduce the price of energy. Being self-sufficient might lower bills in the future but we are many many billions of pounds away from that stage and with so much private commercial involvement there is zero guarantee bills will ever decrease.
Ok, wading through the Marketing and Promotional BS spoken, bills will not come down.
I thought they answered the questions reasonably well. I think this is lazy journalism from PolJoe.
Does the bill show the desires of the energy companies (mostly foreign owned) and other stakeholders (not the consumers) to deliver a highly profitable WEF agenda?
Lies. Energy prices went up because we yielded to USA and stopped our supply from Russia. That would be my first item on the agenda. Energy security is important, I think ensuring the population can afford to keep the heating on is higher.
Liars. The more 'renewable' energy on the grid, higher the bills
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