This is the trend in UK electricity prices, January 2021 to yesterday, from about GBP50/MWH to GBP465. Chart from Trading Economics.
The pace of UK deindustrialization and degrowth economics seems to be pacing fast. See these reports, enjoy.
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"Revolution Has Begun": 75,000 Brits To Stop Paying Power Bills Amid Inflation Storm
Tyler Durden, AUG 08, 2022
https://www.zerohedge.com/political/revolution-has-begun-75000-brits-stop-paying-power-bills-amid-inflation-storm
UK Government Warned of “Civil Unrest” Over People Being Unable to Pay Energy Bills
Yet Boris Johnson insists support for Ukraine should be prolonged.
Paul Joseph Watson 25 August, 2022
https://summit.news/2022/08/25/uk-government-warned-of-civil-unrest-over-people-being-unable-to-pay-energy-bills/
Energy bills to wipe out almost three quarters of state pension
The energy price cap is expected to soar to £6,600 next April
Jessica Beard 27 August 2022
https://www.telegraph.co.uk/pensions-retirement/news/energy-bills-wipe-almost-three-quarters-state-pension/
The British Energy Horror Story
By Paul Homewood AUGUST 28, 2022
https://notalotofpeopleknowthat.wordpress.com/2022/08/28/the-british-energy-horror-story/
Green Energy Fail: British Union Boss Predicts Riots, 1990s Style Uprising
Allen Santos August 28, 2022
https://energynewsbeat.co/green-energy-fail-british-union-boss-predicts-riots-1990s-style-uprising/
Jobs armageddon as business prepares to shut up shop while energy bills soar
Business leaders fear hundreds of thousands are at risk
Sabah Meddings, Jamie Nimmo, Sam Chambers and Harry Yorke August 28 2022
https://www.thetimes.co.uk/article/jobs-armageddon-as-business-prepares-to-shut-up-shop-while-energy-bills-soar-6gfxr75h7
Kate Nicholls, the chief executive of lobby group UKHospitality, said 10,000 businesses could shut permanently in the next 18 months, which would result in the loss of hundreds of thousands of jobs. Of these workers, between 300,000 and 350,000 are employed in hospitality, with a further 200,000 in the supply chain dependent on
How climate policy fuelled our energy crisis
From the Climate Change Act to Net Zero, green policies have throttled our energy supplies.
ANDY MAYER 29th August 2022
https://www.spiked-online.com/2022/08/29/how-climate-policy-fuelled-our-energy-crisis/?mc_cid=f99b7ba525
The Fantasy World of Renewable Energy
DR GORDON HUGHES AND DR JOHN CONSTABLE 29 AUGUST 2022
https://dailysceptic.org/2022/08/29/the-fantasy-world-of-renewable-energy/
UK inflation could top 22% as energy prices soar, Goldman Sachs warns
Karen Gilchrist AUG 30 2022
https://www.cnbc.com/2022/08/30/uk-inflation-could-top-22percent-as-energy-prices-soar-goldman-sachs-warns-.html
Energy prices forcing pubs and brewers to the brink of closure
Tuesday 30 August 2022
https://news.sky.com/story/energy-prices-forcing-pubs-and-brewers-to-the-brink-of-closure-12684977
Earnings to collapse to 2003 levels as inflation batters living standards
Households facing worst hit for a century, warns Resolution Foundation
Tom Rees and Howard Mustoe 1 September 2022
https://www.telegraph.co.uk/business/2022/09/01/earnings-collapse-2003-levels-inflation-batters-living-standards/
Government’s green energy policy is a “national disaster”
1st September 2022
https://www.netzerowatch.com/governments-green-energy-policy-is-a-national-disaster/
Cost of living: Workers could be asked to layer up as bills soar
1 September 2022
https://www.bbc.com/news/uk-england-birmingham-62737686
Tony Constance runs Stockfield Metal Spinners in Birmingham and said his latest energy quote was £734K a year, up from his usual annual rate of £135K.
World’s Second-Largest Steelmaker Closes European Plant
Tsvetana Paraskova - Sep 02, 2022
https://oilprice.com/Latest-Energy-News/World-News/Worlds-Second-Largest-Steelmaker-Closes-European-Plant.html
Turn Off the Lights if the Wind Stops Blowing – Welcome to Net Zero Britain!
TOBY YOUNG 2 SEPTEMBER 2022
https://dailysceptic.org/2022/09/02/turn-off-the-lights-if-the-wind-stops-blowing-welcome-to-net-zero-britain/
Know why your fuel bills are soaring? 20 years of 'renewables' lies, says JOHN CONSTABLE
THE UK's energy crisis has been in the making for more than 20 years and is the result of the incompetent policies of Mr Blair, Mr Brown, Mr Cameron, Mrs May, and Mr Johnson, and all their hapless energy minsters and advisors too numerous to name.
DR JOHN CONSTABLE Sep 2, 2022
https://www.express.co.uk/comment/expresscomment/1663771/energy-bill-energy-cap-cost-of-electricity-gas-are-renewables-more-expensive-Putin-gas
Six in 10 British Factories at Risk of Going Under as Bills Soar
Julian Harris September 3, 2022
https://www.bloomberg.com/news/articles/2022-09-02/six-in-10-british-factories-at-risk-of-going-under-as-bills-soar#xj4y7vzkg
Energy crisis: Can Britain weather the winter without blackouts?
Ben Spencer and Laith Al-Khalaf September 03 2022
https://www.thetimes.co.uk/article/energy-crisis-can-britain-weather-the-winter-without-blackouts-nwhpww6k5
Energy crisis may force manufacturers to cut production or even close – study
Make UK said its research showed firms were warning that their energy costs have already “spiralled out of control”.
Alan Jones Sept 3, 2022
https://www.independent.co.uk/news/uk/government-vat-italian-alan-jones-b2158821.html
Police fear hard winter of surging crime and civil unrest
Chiefs draw up emergency plans to maintain law and order as economic squeeze tightens
Harry Yorke, Dipesh Gadher and Tim Shipman September 04 2022, 12.01am
https://www.thetimes.co.uk/article/07b8a936-2bb9-11ed-b39f-ae396665d39a
UK pubs must hike pint prices to £20 each or face closure this winter, expert warns
Running costs for pubs are set to increase by 500-600%, putting a huge number at risk of closure, says Tom Stainer, chief executive of real ale campaign group CAMRA
Harry ThompsonTrends WriterSara Odeen-Isbister. 4 Sep 2022
https://www.mirror.co.uk/money/uk-pubs-must-hike-pint-27903355
Energy crisis impacts Christmas celebrations as councils cancel light switch-ons
SKYROCKETING ENERGY BILLS have already impacted Christmas celebrations up and down the country as councils cancel light switch-on events.
EMMA CRABTREE Sep 4, 2022
https://www.express.co.uk/news/uk/1664387/energy-crisis-Christmas-light-switch-on-ont
Six in 10 UK manufacturers at risk of closure, lobby group warns as energy prices soar
The MakeUK lobby group proposed a 100-day plan for the incoming prime minister
THOMAS BROOKE September 05, 2022
https://rmx.news/united-kingdom/six-in-10-uk-manufacturers-at-risk-of-closure-lobby-group-warns-as-energy-prices-soar/
British energy firms brace for ANOTHER big spike in wholesale gas prices of up to 50 PER CENT today after Russians refuse to reopen the Nord Stream 1 pipeline to Europe
* Gas prices could surge by as much as 50 per cent today after key pipeline closes
* The Nord Stream 1 pipeline is the biggest gas link from Russia to Europe
* The UK receives only 4 per cent of its gas from Nord Stream 1
* But other countries such as Germany are much more reliant on the pipeline
DAILY MAIL REPORTER 5 September 2022
https://www.dailymail.co.uk/news/article-11179745/Power-firms-fear-new-spike-European-nations-announce-raft-measures.html
GB News viewer calls on next PM to scrap 'mad dash' to net zero and frack for Britain's 'energy independence'
Linda in Cheshire told Breakfast with Isabel and Stephen that Boris Johnson's successor must tackle the cost-of-living crisis "first thing"
Max Parry 05 September 2022
https://www.gbnews.uk/news/gb-news-viewer-calls-on-next-pm-to-scrap-mad-dash-to-net-zero-and-frack-for-britains-energy-independence/361640
UK faces recession as energy prices hammer factories and hospitality
UK's economic contraction led by the manufacturing industry which is heavily exposed to soaring bills
Tim Wallace. 5 September 2022
https://www.telegraph.co.uk/business/2022/09/05/uk-faces-recession-energy-prices-hammer-factories-hospitality/
‘Apocalyptic’: 500 per cent energy price hikes plunge schools into winter crisis
Skyrocketing prices force school leaders into 'unpalatable' choices to keep classrooms open this winter
Tom Belger. 6 Sep 2022
https://schoolsweek.co.uk/school-energy-bills-government-help-apocalyptic-rises/
The Dirty Job of Rationing Electricity and Gas: Elements by Javier Blas
In capping prices, European governments must embark on the messy task of curbing demand.
6 September 2022
https://www.bloomberg.com/opinion/articles/2022-09-06/when-free-energy-markets-end-rationing-must-follow-elements-by-javier-blas-l7q3utrr#xj4y7vzkg
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See also:
Deindustrialization 1, Europe's sagging energy supply, July 26, 2022
Deindustrialization 2, Germany, September 4, 2022.