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by LatteLazy
1392 days ago
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It's definitely a contributing factor. The thing is, other nations just have to deal with high gas prices. The UK has to deal with high prices AND: * being reliant on gas for both heat and power * a collapsing pound driving prices higher in local currency * no supply guarantee since we left the EU (we are now "at the end of the pipe") * some of the most energy inefficient housing in Europe after decades of not investing or taking climate change seriously * very high taxes, very low spending on poor people and a big deficit (so we have no room to bail out users) * no domestic storage so we are just constantly exposed to spot prices And that's just the issue around Russian gas. We also have dozens of other economic chickens coming home to roost... |
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If anything, the UK is at the head of the pipe with regards to European LNG imports: https://www.bloomberg.com/news/articles/2022-04-26/britain-n...
I just hope that both sides are sensible: Europe is relying on UK LNG terminals to import gas; the UK is relying on European storage facilities.