6 hours ago
Largely driven by high fraction of natural gas in British energy mix. British gas production in the north sea has declined, no more imports from Russia and now 60% of imported gas comes from Norway[1], which is more expensive.
[1]https://www.gov.uk/government/statistics/natural-gas-chapter...
10 minutes ago
And the previous government closed pretty much all our storage capacity, disabling any ability to buy at lower prices and store for later use.
4 hours ago
It's rather annoying as a brit. Apparently the wholesale cost of electricty is about 7p in the UK but I get charged 25p. Something not very efficient is going on.
4 hours ago
Profit extraction, and it's very efficient
2 hours ago
Around 30% is climate levy and similar taxes, plus there’s 5% VAT.
an hour ago
7p looks a tad optimistic, but only a tad - https://energy-stats.uk/wholesale-energy-pricing/
That I'm aware of, the "wholesale cost" does not include the local distribution networks. Those cost a fair number of pence to build and maintain.
And - I vaguely recall that the UK had world-beating taxes and surcharges on electricity - some for "green" reasons, some to spread the agony of the staggering cost overruns at new British nuclear plants, and some to help shore up the government's "general budget" financial woes.
6 hours ago
6 hours ago
(Developed world only.)
Of those countries where geography precludes easy imports from competent neighbors, is there any which has generally had lower-functioning government over the past half-ish century?
3 hours ago
Britain seems like such a crazy dystopia these days.
cameras everywhere, immigration overwhelming natives in certain neighborhoods, ASBOs, some of the highest rent prices in the world, average economy.
how are middle class britons doing?
an hour ago
>cameras everywhere
Less cameras per-capita than the US.
> ASBOs
ASBOs were abolished in England and Wales in 2014.
>some of the highest rent prices in the world, average economy.
In London which doesn't have an average economy.
an hour ago
> Less cameras per-capita than the US.
I think comparison to density with regards to land mass and not number of people would be a more relevant comparison.
an hour ago
No it wouldn't.
an hour ago
ASBOs still exist. They have just been given a different name. Do your homework.
How about the IPP prison sentences which still exist.
2 hours ago
Eh, not bad. Don’t believe everything you read online.
2 hours ago
Yeah we have a very active tabloid press that rather amplifies the bad stuff. It does not too bad on many rankings eg https://en.wikipedia.org/wiki/List_of_countries_by_inequalit...
5 hours ago
Seems like Britain still pays the highest price for almost anything, in the world, and used to be known by international traders as 'treasure island', and I guess still is.