4 ms·
Electricity is much more expensive than its ever been. 60-odd percent comes from gas turbines. That drives the raw cost of everything up. It's definitely gradu
by oliwarner 4y ago
Electricity is much more expensive than its ever been. 60-odd percent comes from gas turbines. That drives the raw cost of everything up.
It's definitely gradual, and many things with margins are losing profits rather than just doubling in price, but if this effect is sustained, many businesses just won't be able to afford to stay open.
If it's a cold winter, many will suffer in cold. We turned our heating on for a few hours a couple of days ago and it cost £7 (for mere hours). We can afford this, many can't.
Our mortgage repayments doubled recently. We now pay less into savings. It's fixed for another 2 years but who knows where we'll be after that.
So yeah, the worst is yet to come and I think we all know it.