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Saturday, 11 December 2010

Another sweet deal for the bankers

It's becoming something of a habit; each time politicians promise something that sounds reasonable, alarm bells go off.

In the case of the Tories, they promised a 'free' green upgrade for householders whose homes had energy-inefficient systems (old boilers, etc.). The pre-election speel was that providers would install the new systems, pay for them, and that you and the providers would benefit from the reduction in your energy bills.  I.e., the provider would be paid for its installation by the energy company you use.

Not so, it emerged from the Cancun Climate Change Conference. No.

Now we know that, in order to get your green upgrade:
  • you need a smart meter. A smart meter sends information on how much electricity each of your appliances use and at what times to the 'authority'. The authority can, via the smart meter, turn off your electricity, or reduce your consumption. I.e., you don't get to remain captain of your ship.
  • the green makeover is not free. It requires the householder to take on more debt. This is evidently another sweet deal for the bankers, as if they weren't stuffed enough with our money, already.
Don't we have enough debt, already?
Don't the bankers have enough of our cash, already?
Aren't we taxed enough already?

I'd be interested in the small print of any contract between the consumer and the supplier of this deal. I predict a certain amount of crookedness, skewed in favour of, first, the bankers, second the energy corporation. You and I would take the fall, should the deal go awry.

Support the campaign against smart meters

The Conservatives have been quite canny in ensuring that the Lib Dems are the fall guys for their green policies. They might even emerge from this unscathed - while Clegg careers downwards ...



But what does it matter, what happens to Clegg, Cameron or any of the other political spivs? We are not represented by our self-serving MPs in this post-democratic age, so they are as useful to us as as umbrellas in a blizzard.

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