Energy Prices, Profits and Poverty

Energy Prices, Profits and Poverty
Author: Great Britain. Parliament. House of Commons. Energy and Climate Change Committee
Publisher: Stationery Office/Tso
Total Pages: 326
Release: 2013-07-01
Genre: Business & Economics
ISBN: 9780215061416

At a time when many people are struggling with the rising costs of energy, consumers need reassurance that the profits being made by the Big Six are not excessive. The six largest energy companies are complex with several different arms - generating, trading and supplying energy - that sometimes sell energy and services to other parts of the same company. When reporting their overall profits they include all these different business arms making it difficult to determine the precise profits of the energy supply side of the business and how this impacts upon energy prices. Greater transparency is urgently needed. Ofgem is failing consumers by not taking all possible steps to improve openness and increase competition in the energy market. Considering consumers' lack of confidence in energy companies Ofgem should reconsider whether the transparency to be gained by implementing more of BDO's recommendations outweighs the costs involved. The Government is also not doing enough to help the millions of low-income families living in poorly insulated homes, struggling in 'fuel poverty'. Spending on the problem has been cut in England and some of the Government's fuel poverty programmes appear to be in hiatus. The use of levies on bills to fund social and environmental programmes will add to the burden faced by energy bill payers. The MPs argue that to help protect the most vulnerable more programmes should be funded through direct taxation rather than levies and the Government must respond to the Hills Review as a matter of urgency

Energy Prices, Profits and Poverty

Energy Prices, Profits and Poverty
Author: Great Britain. Parliament. House of Commons. Energy and Climate Change Committee
Publisher:
Total Pages: 34
Release: 2013-10-10
Genre: Electric utilities
ISBN: 9780215062666

Responses to HC 108 (ISBN 9780215061416)

High Energy Costs

High Energy Costs
Author: Hans H. Landsberg
Publisher: Routledge
Total Pages: 123
Release: 2015-12-14
Genre: Business & Economics
ISBN: 131729713X

High energy prices affect nearly the whole of the American population, arguably affecting some consumer groups more than others. Although originally published in 1981, the issues explored in this study such as who is affected most by energy price increases, regional differences and what can or should be done in the United States in regards to energy costs are still as relevant today as they were then. These papers attempt to directly address these concerns in the wake of the 1979-80 price shock in America and to advise what action can be taken to allay these concerns. This title will be of interest to students of environmental studies and economics.

Energy Prices, Fuel Poverty and Ofgem

Energy Prices, Fuel Poverty and Ofgem
Author: Great Britain. Parliament. House of Commons. Business and Enterprise Committee
Publisher: The Stationery Office
Total Pages: 600
Release: 2008
Genre: Political Science
ISBN: 9780215523259

A report from the 'Business and Enterprise Committee' that inquires into the effect of the 'Big 6' energy companies - which include Npower, Centrica, EDF Energy, Scottish Power, and Scottish and Southern Energy - all raising their prices between January and April 2008. It aims to feed into a separate inquiry being carried out by Ofgem.

Water, Electricity, and the Poor

Water, Electricity, and the Poor
Author: Kristin Komives
Publisher: World Bank Publications
Total Pages: 308
Release: 2005
Genre: Business & Economics
ISBN: 9780821363423

This book reviews the prevalence and variants of consumer subsidies found in the developing world and the effectiveness of these subsidies for the poor. It places consumer subsidies in a broader social protection framework and compares them with poverty-focused programmes in other sectors using a common metric. It concludes that the most common subsidy instruments perform poorly in comparison with most other transfer mechanisms. Alternative consumption and connection subsidy mechanisms show more promise, especially when combined with complementary non-price approaches to making utility services accessible and affordable to poor households. The many factors contributing to those outcomes are dissected, identifying those that can be controlled and used to improve performance.

Globalization and Poverty

Globalization and Poverty
Author: Ann Harrison
Publisher: University of Chicago Press
Total Pages: 674
Release: 2007-11-01
Genre: Business & Economics
ISBN: 0226318001

Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.

The Distributional Implications of the Impact of Fuel Price Increases on Inflation

The Distributional Implications of the Impact of Fuel Price Increases on Inflation
Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
Total Pages: 34
Release: 2021-11-12
Genre: Business & Economics
ISBN: 1616356154

This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.

International Energy Markets

International Energy Markets
Author: Carol Ann Dahl
Publisher: PennWell Books
Total Pages: 618
Release: 2004
Genre: Business & Economics
ISBN:

This book is designed to provide the economic skills to make better management or policy decisions relating to energy. It requires a knowledge of calculus and contains a toolbox of models along with institutional, technological and historical information for oil, coal, electricity, and renewable energy resources.