Do we need a reality check? Well...
Perhaps readers would not mind if I said – Does humanity need a reality check? Oh dear, problems? What is reality anyway? I might be doing too much asking as it is but I have been thinking looking at the present situation of increasing prices, particularly in the power sector, how this situation has arisen. Hearing also about the enormous profits being made by the likes of Shell and others, EDF for instance. It makes you think ‘How is this right’? Well, first of all I suppose a market of whatever commodity is based on basic costs of acquiring it, then to manufacture or store followed by supplying it to the market. In the case of electricity it would be obtaining equipment, next generating it and maintaining the supply lines (cabling etc). For gas it is pumping it out of the ground and then into the supply piping system and also storage. T here are costs associated with these activities. T hose costs will be increased by a percentage and charged to the user and let’s not forget tax...