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Author Topic: UK Energy Price Cap  (Read 525 times)

BoL

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UK Energy Price Cap
« on: August 09, 2022, 11:31:04 AM »
https://www.cornwall-insight.com/price-cap-forecasts-for-january-rise-to-over-4200-as-wholesale-prices-surge-again-and-ofgem-revises-cap-methodology/

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Price cap forecasts for January rise to over £4,200 as wholesale prices surge again and Ofgem revises cap methodology

As the chart shows, pretty much wholesale prices are responsible. In the UK, most fossil fuel used for electricity generation is via gas.

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rcjordan

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Re: UK Energy Price Cap
« Reply #1 on: August 09, 2022, 04:19:09 PM »
A third of Brits face poverty with energy bills set to hit $5,000 - CNN
https://www.cnn.com/2022/08/09/economy/uk-energy-bills-poverty/index.html
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littleman

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Re: UK Energy Price Cap
« Reply #2 on: August 09, 2022, 10:04:12 PM »
Do you guys over there feel like the energy pinch is starting to affect people's opinion on the war in Ukraine?
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BoL

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Re: UK Energy Price Cap
« Reply #3 on: August 09, 2022, 11:24:54 PM »
>Do you guys over there feel like the energy pinch is starting to affect people's opinion on the war in Ukraine?

Not a jot, for me. The writing has been there for a while. There was a non-windy period this time last year where the wholesale price shot up, way before any action in Ukraine.

Seems like it's going to be rough for your average European, but not bad enough to cave into his lot.
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