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Britain paying highest electricity prices in the world
- wffurr 2y agohttps://archive.ph/kpetx https://archive.ph/kpetx
- bell-cot 2y 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?
- sieste 2y agoLargely 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-4-digest-of-united-kingdom-energy-statistics-dukes https://www.gov.uk/government/statistics/natural-gas-chapter...
- 4ndrewl 2y agoAnd the previous government closed pretty much all our storage capacity, disabling any ability to buy at lower prices and store for later use.
- jacknews 2y agoSeems 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.
- indemnity 2y agoI was quite surprised when car shopping, that prices in New Zealand (always pretty expensive, being a small market far away from the rest of the world), were on average 20% to 30% less than the UK. Including European brands and vehicles actually manufactured in the UK, like the Nissan Qashqai.
- sieste 2y agocompare grocery store prices between uk and us. you'll be surprised.
- tim333 2y agoIt'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.
- NikkiA 2y agoProfit extraction, and it's very efficient
- mprev 2y agoAround 30% is climate levy and similar taxes, plus there’s 5% VAT.
- sahmeepee 2y agoIf 30% is climate levy then that's some rather cheap electricity, because the climate levy is less than 1p/kWh. https://www.gov.uk/guidance/climate-change-levy-rates https://www.gov.uk/guidance/climate-change-levy-rates This is what happens when people treat the Telegraph as news rather than a source of disinformation used by wealthy vested interests to manipulate public opinion.
- bell-cot 2y ago7p looks a tad optimistic, but only a tad - https://energy-stats.uk/wholesale-energy-pricing/ 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.
- ddmf 2y agosome daft way so that oil, coal, and gas generators of electricity don't lose money to cheaper renewables, so the price per unit is set to the least efficient method - absolutely ludicrous.
- the_real_cher 2y agoBritain 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?
- orf 2y agoEh, not bad. Don’t believe everything you read online.
- tim333 2y agoYeah 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_inequality-adjusted_Human_Development_Index https://en.wikipedia.org/wiki/List_of_countries_by_inequalit...
- tonyedgecombe 2y 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.
- jmholla 2y 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.
- olddustytrail 2y agoNo it wouldn't.
- vfclists 2y agoASBOs still exist. They have just been given a different name. Do your homework. How about the IPP prison sentences which still exist.