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So, as I'm in the UK.. Why should I be panicking? Aside from ridiculous increases in energy costs, it's really not feeling any different.

• sofixa 4y ago
  > Aside from ridiculous increases in energy costs, it's really not feeling any different. That's a pretty enormous aside. Some countries like France are capping energy prices to make sure people can afford to get electricity and heating. Meanwhile in the UK you've already had energy prices go what, double? triple? And it's not even winter yet! If you now suddenly have a chunk of the population who can't afford energy, things aren't doing great.
  • Accacin 4y ago
    I see what you mean, I guess my tolerance for panicking is quite high! It's been a shit show here since we left EU heh.
  • thorin 4y ago
    Looks like they will be capped soon in the UK, but this only means that Government (e.g. us) will be subsidizing the big power companies. As big power companies buy (hedge) their power way in advance, we'll need a longish 6+ months period of stability before they will be able to start selling cheaply again. Also all those tiny suppliers that sprang up and had to buy on the spot market have gone bust (no hedging) so there will be less competition in the market over the next few years.