From Power Technology, August 9:
The coming prices rises in October and January have grown faster than ever before.
Analyst firm Cornwall Insight has predicted that the UK’s energy tariff cap will rise to 213% of its present rate in January 2023.
On Tuesday, the company issued a statement updating its predictions for coming changes to the UK consumer energy price tariff cap. These predict a consumer energy tariff price cap of £4,266 ($5,158) in January 2023, using UK energy regulator Ofgem’s new calculation methodology.
This means that, from a price cap of £1,271 ($1,537) in January 2022, energy prices would reach 330% of their original price over 12 months.
From a current cap of £1,971, ($2,383) the firm expects prices to rise to £3,582 ($4,331) from October 2022, and £4,266 ($5,158) from January 2023. The statement said the change in estimates reflects “both the increase in the wholesale market in the intervening period and a change in calculation methodology set for finalisation by Ofgem.”....
....MUCH MORE
Five grand a month a year for heat and light does seem a bit nuts.
Even Al Gore at his peak was only going through $16,000 per year for electricity at his Nashville place.
More leccy than most folks use: 19,241 kilowatt hours (kWh) per month, 221,000 kilowatt hours per year but a much lower price: $16,300 for the year, 7.4 cents per kWh.
There was natural gas to the tune of $1,080 per month which seems high for space heating in Tennessee but maybe he had a grow operation he had to keep warm.
Or something.
He also spent $
