UK Close to Blackout, While 12% of Germany GDP Pays for Energy Crisis
Last Monday in Great Britain the entire steel industry shut down because the wind stopped and wholesale prices reached £2,586 a megawatt-hour. As winter cranks up, British factories are getting ready to shutdown, as the threat of small, medium and blockbuster blackouts loom. In the fifth largest economy in the world, thousands of people are using communal warm spaces because they can’t afford electricity any longer, and the largest North Sea gas producer has decided not to drill for more gas just when the country needs it. The government has slapped a new tax on it, thus achieving the exact opposite of what the government aimed for.
Meanwhile over in Germany one eighth of the entire national economy is now consumed with paying for the energy crisis of 2022. They tried to hold back the seas in 2100 but forgot to secure their own electricity a year in advance.
These are very expensive experiments. They aren’t telling you this but UK is close to nationwide blackouts.
This article was published by CFACT and is reproduced with permission.