Christmas is coming and EDF is getting fat

Andy Atkins details Friends of the Earth’s plans to take on EDF’s massive profits off the back of public cash.

Andy Atkins is the executive director of Friends of the Earth

It looks like Christmas has come early for EDF as they announce substantial quarterly profits today. It’s yet another slap in the face for households struggling to pay their energy bills this winter. And it’s also another symptom of the sickness at the heart of Britain’s broken energy system.

Despite their surging profits, bumper bonuses and our sky-high bills, new renewables account for just one per cent of EDF’s investment plans. They have even been lobbying the government against renewable energy in recent years and have called for renewable energy targets to be lowered.

Whilst some commentators and politicians have tried to blame bill hikes on “green taxes”, the true cause is the rocketing price of gas and other dirty fuels.

The price of gas has increased by 90 per cent in the last ten years – and energy regulator Ofgem confirmed last month that this has had a major impact on our bills. Investment in renewable energy and cutting energy waste is the only way to stabilise bills in the long run.

We need to use a lot less expensive and imported gas to give consumers a better deal in the long run and to tackle climate change – and a lot less nuclear to reduce the risks and cost of dealing with nuclear waste. EDF is plotting with the government to build another round of costly new nuclear power stations, but this is really the last thing Britain needs.

Despite all the money spent on nuclear power over the years – at a cost of billions of pounds to the taxpayer – it still requires huge injections of public cash.

We need an energy system that will keep our lights on in the future without costing the earth. Which is why it’s particularly frustrating to see that the government plans to slash financial incentives for households and communities that install solar electricity, jeopardising thousands of jobs and countless clean energy projects across the country.

Friends of the Earth is preparing to mount a legal challenge over the plans unless the government amends their proposals.

So while EDF executives celebrate bumper profits, millions of families across the UK are facing yet another winter in fuel poverty. It’s hard to get into the Christmas spirit when you’re worrying about how to keep warm. It’s why Friends of the Earth will be outside EDF’s London offices today to pass on an unambiguous message that this can’t go on.

We urgently need to fix our broken energy system to build Britain’s renewable energy base, reduce fuel poverty, create jobs and ultimately ensure families have a better deal in the long run.

We all lost out because our politicians failed to stand up to the banks and the Murdochs. Friends of the Earth is urging them to stand up to EDF and the rest of the Big Six and make sure we have clean energy we can all afford.

See also:

Let’s end the tyranny of the big six energy companiesAndy Atkins, October 17th 2011

Outrage at 733 per cent rise in energy companies’ profitsShamik Das, October 14th 2011

As energy company buckles, Miliband needs to pick more battlesAlex Hern, October 12th 2011

Huhne’s tough talk on energy companies exactly what we needNatan Doron, September 20th 2011

Government needs to take on the energy companies to bring down pricesBarry Gardiner MP, August 17th 2011

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42 Responses to “Christmas is coming and EDF is getting fat”

  1. Miles Douglas

    Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/nY6EmMxv by @wwwfoecouk

  2. Alex Braithwaite

    RT @leftfootfwd: Christmas is coming and EDF is getting fat http://t.co/uCXOIpkK

  3. Warren Puckett

    Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/nY6EmMxv by @wwwfoecouk

  4. Owen Williams

    Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/nY6EmMxv by @wwwfoecouk

  5. Saggydaddy

    Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/nY6EmMxv by @wwwfoecouk

  6. jonathan spencer

    Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/nY6EmMxv by @wwwfoecouk

  7. Michael

    Christmas is coming and EDF is getting fat – http://t.co/BKSLCtlp

  8. John Turner

    Christmas is coming and EDF is getting fat – http://t.co/BKSLCtlp

  9. Plymouth City UNISON

    Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/nY6EmMxv by @wwwfoecouk

  10. One of so very few

    Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/nY6EmMxv by @wwwfoecouk

  11. Friends of the Earth

    RT @leftfootfwd Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/vgMY1HaT

  12. Michael Townsend

    RT @leftfootfwd Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/vgMY1HaT

  13. Timothy Donaldson

    RT @leftfootfwd Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/vgMY1HaT

  14. Liz Wakefield

    Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/nY6EmMxv by @wwwfoecouk

  15. Sefket Birdane

    Christmas is coming and EDF is getting fat http://t.co/jKGIIeB8

  16. chris paling

    Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/nY6EmMxv by @wwwfoecouk

  17. Karin

    RT @leftfootfwd Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/vgMY1HaT

  18. Alan199

    Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/nY6EmMxv by @wwwfoecouk

  19. Chris Hanrahan

    Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/nY6EmMxv by @wwwfoecouk

  20. natracare sisters

    RT @leftfootfwd: Christmas is coming and EDF is getting fat http://t.co/Kr0THZSo

  21. PennyP

    RT @leftfootfwd Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/vgMY1HaT

  22. David Irvine

    Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/nY6EmMxv by @wwwfoecouk

  23. Political Planet

    Christmas is coming and EDF is getting fat: Andy Atkins details Friends of the Earth’s plans to take on EDF’s ma… http://t.co/lcfdAZlu

  24. Ralphabet

    RT @leftfootfwd: Christmas is coming and EDF is getting fat http://t.co/UQeBa6yc Go FoE!

  25. Toby Frith

    Xmas is coming and EDF is getting fat http://t.co/VdisNdzt

  26. Max

    Q: Are fuel bills rocketing cos we're trying 2 save the planet, or cos we have a broken energy market? Find the A here: http://t.co/WOjHQwnC

  27. Ebony Dawn Marsh

    Q: Are fuel bills rocketing cos we're trying 2 save the planet, or cos we have a broken energy market? Find the A here: http://t.co/WOjHQwnC

  28. Katharine Tatum

    RT @leftfootfwd Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/vgMY1HaT

  29. syrieyes

    Q: Are fuel bills rocketing cos we're trying 2 save the planet, or cos we have a broken energy market? Find the A here: http://t.co/WOjHQwnC

  30. Giovanni Tamerelli

    Q: Are fuel bills rocketing cos we're trying 2 save the planet, or cos we have a broken energy market? Find the A here: http://t.co/WOjHQwnC

  31. Simon Berriman

    Q: Are fuel bills rocketing cos we're trying 2 save the planet, or cos we have a broken energy market? Find the A here: http://t.co/WOjHQwnC

  32. Boycott EDF

    Lots of people are angry with EDF these days – this was in Britain's no1 left-wing blog this morning: "We need to… http://t.co/evpCERmz

  33. PCS DWP North Staffs

    Q: Are fuel bills rocketing cos we're trying 2 save the planet, or cos we have a broken energy market? Find the A here: http://t.co/WOjHQwnC

  34. Redstar PCS Stoke

    Q: Are fuel bills rocketing cos we're trying 2 save the planet, or cos we have a broken energy market? Find the A here: http://t.co/WOjHQwnC

  35. Peter Roche

    Lots of people are angry with EDF these days – this was in Britain's no1 left-wing blog this morning: "We need to… http://t.co/evpCERmz

  36. Chipper77

    Lots of people are angry with EDF these days – this was in Britain's no1 left-wing blog this morning: "We need to… http://t.co/evpCERmz

  37. Leon Wolfson

    Every single penny in feed-in tarrifs and other “green” (actually ecologically damaging) tax has been DIRECTLY passed onto the consumer. It’s quite right to blame them.

    The way to reduce consumption, in your world, is to price most people out of using utilities and generate base-load power using coal. Great.

    Friends of their employment prospects as protesters, enemies of the people.

    Nuclear Now!

  38. Les Bennett

    RT @leftfootfwd Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/vgMY1HaT

  39. Cycling Monkey

    Q: Are fuel bills rocketing cos we're trying 2 save the planet, or cos we have a broken energy market? Find the A here: http://t.co/WOjHQwnC

  40. Rob the crip

    Friends of the earth, boy I think not, wind Turbines and solar panels do not work because they are to dam expensive, wind turbines make money for the land owners and that’s about it. Nuclear Power station have to be the way to go, as for coal I suspect you’d find it hard to get people to do that job these days for £6 a n hour quite right as well

  41. Stop Nuclear Power

    RT @leftfootfwd Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/vgMY1HaT

  42. SpongyHead

    RT @leftfootfwd Christmas is coming, EDF is getting fat, please take a penny from George Osborne’s hat: http://t.co/vgMY1HaT

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