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 last month alone.
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1. Britain at breaking point: One in eight say they have nothing left to cut back on to help pay for energy when prices jump further
Jessica Warren 01 Aug 202
https://www.dailymail.co.uk/news/article-11067599/amp/One-eight-Brits-say-left-cut-help-pay-energy.html
2. British household energy bills to be at ‘devastating’ levels until ‘at least 2024’
2 August 2022
https://www.ft.com/content/77e6de25-5d59-4e51-a835-8b4fa0a50a6e
3. Energy bills forecast to hit £3,615 amid worsening cost-of-living crisis
Jody Harrison 2nd August 2022
https://www.heraldscotland.com/news/homenews/20593900.uk-energy-bills-forecast-hit-3-615-amid-worsening-cost-of-living-crisis/
4. Half of Britons cutting back on food as they struggle to afford energy bills
August Graham 22 July 2022
https://www.independent.co.uk/news/uk/home-news/energy-bills-food-cost-living-ons-b2129011.html
5. Almost half of UK adults fear falling into fuel poverty before the year ends
3 AUG 2022
https://www.scottishhousingnews.com/articles/almost-half-of-uk-adults-fear-falling-into-fuel-poverty-before-the-year-ends
6. Energy bills could double to £4,200 a year under new cap
Emily Gosden August 05 2022,
https://www.thetimes.co.uk/article/energy-bills-could-double-to-4-200-a-year-under-new-cap-90v3jg7gn
7. "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
8. A third of Brits face poverty with energy bills set to hit $5,000
Anna Cooban August 9, 2022
https://edition.cnn.com/2022/08/09/economy/uk-energy-bills-poverty/index.html
26. 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/
27. 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/
28. The British Energy Horror Story
By Paul Homewood AUGUST 28, 2022
https://notalotofpeopleknowthat.wordpress.com/2022/08/28/the-british-energy-horror-story/
29. 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/
30. 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
31. 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
32. 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/
33. 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
34. 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
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See also:
Deindustrialization 1, Europe's sagging energy supply, July 26, 2022
Deindustrialization 2, Germany, June-July 2022 reports, September 4, 2022.
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