>Per capita electricity generation in the U.K. is now roughly one-third that of the United States, and energy use per unit of GDP is the lowest in the G7. By these measures, at least, Britain may be the most energy-starved nation in the developed world.
Yikes. Housing is the big issue that gets everyone’s attention, but this is huge. Cheap energy drives economic growth at all levels. It’s incredible that the various British governments have let it get to this level. Maybe it’s time to import a few Chinese or Soviet technocrats?
Nobody wants to see any electricity infrastructure being built. The British media is so inward looking and personality driven nobody will dare to connect "no infrastructure" with "high prices".
I think those are intentionally misleading numbers. The UK is a finance power house, not a manufacturing one, so of course it derives a larger share of GDP from less energy.
Italy has a higher % of GDP from manufacturing but way more expensive energy.
Germany and the Netherlands bled off more than half of London's finance industry since Brexit if you look at recent numbers. They still have a finance industry but powerhouse might be a stretch these days.
Hmm, I could see the case for energy use per unit of GDP being misleading in some ways. But per capita electricity generation? That’s not related at all.
Yikes. Housing is the big issue that gets everyone’s attention, but this is huge. Cheap energy drives economic growth at all levels. It’s incredible that the various British governments have let it get to this level. Maybe it’s time to import a few Chinese or Soviet technocrats?