Britain plans to levy 40 billion oil and gas windfall profits tax! 60% of Britons do not use heating because of electricity bills.

Last week should be a headache for traditional energy companies in Britain. The new Prime Minister plans to expand the levy of 40 billion pounds of windfall profits tax on oil and gas companies in the next seven years, which will also include power generation companies. The reason may be that the British government seeks to supplement the financial gap to solve the problem of high inflation and high energy costs.

The northern hemisphere has entered winter since this week. But the high price of electricity makes 60% of Britons choose to turn off the heating. From the current situation in the UK, this may be the right choice, because the natural gas inventory for power generation is only 9 days! The electricity charge may rise further in winter!

Cold Winter Warning and Europe's Minimum Natural Gas Inventory

At the end of last month, the British Meteorological Agency released its winter outlook report. It is expected that the possibility of the temperature falling below the normal level in the next three months will increase. The average temperature may be 39.2-42.8 degrees Fahrenheit, slightly lower than the average level in the past five years.?

The wind speed in the next three months may be slightly lower than the normal level, which also makes Britain, which is heavily dependent on wind power generation, because the reduction of wind power will reduce power generation and increase the demand for natural gas.?

Unfortunately, Britain's gas reserves are not enough to survive the winter, and it is the main country with the lowest gas reserves in Europe.

According to The Mirror, British Gas warned at the end of October that its natural gas inventory was only sufficient for 9 days. National Grid also warned that if the supply of natural gas is seriously insufficient, power will be cut off in some areas. This has a more direct impact on ordinary people who do not directly use natural gas.

In the worst case, some British households may face a single power outage of up to 3 hours in the "scheduled time period" of a day this winter to reduce total consumption and ensure the overall safety of the British power system. The power outage is most likely to occur in the evening of the working day in January and February next year.

Survey shows that 60% of Britons do not use heating

In addition to the impact on power generation, the shortage of natural gas inventory may further push up the price of electricity bills.?

In terms of UK energy structure, natural gas and wind power accounted for 17.1% and 47.9% of UK energy consumption respectively, while the remaining 35% were mainly imported electricity (8.5%) and other renewable energy (Nuclear is 18.2%), and coal and other fossil fuel energy were used very little (1.7%).

It can be seen that this natural gas inventory and cold winter will affect more than 50% of UK energy consumption, and the electricity price will probably rise.

Since the beginning of this year, due to the rising cost of living, it is estimated that 60% of Britons do not turn on the heating when it is cold. This is the result of a survey released by the French polling agency on the 2nd of this month.

From October 21 to 23, 2111 Britons participated in the survey. Among them, 35% of respondents felt that the burden of electricity charges was heavy, an increase of 3 percentage points compared with the previous survey data in August.?

In the face of the rising cost of living, this survey also shows that 57% of the respondents choose to subsidize their families through loans, deputy posts and other ways, and people are generally concerned about the overall economic situation, hoping to improve the economic environment. But according to the current situation, it may not be better.

The Bank of England warns that the British economy may suffer a long-term recession

The Bank of England announced on November 3 that it would raise the benchmark interest rate from 2.25% to 3%, which was the largest interest rate increase since 1989. This is to cope with the economic recession that will last until the first half of 2024.

Since the third quarter, the British economy has continued to shrink, falling into a technical recession. In this regard, the Bank of England warned that government support measures will limit the further rise of energy prices. Although reducing the volatility of their prices, these measures may increase the inflationary pressure on non-energy goods and services because they stimulate demand.

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It is expected that the inflation rate will rise to about 11% in the fourth quarter of this year. In addition, the last government's radical economic policies made the British economy worse. As you can imagine, it is a headache for the new ruling team.

Find an effective energy cost reduction scheme

On the one hand, the British economy is in recession, with huge inflationary pressure; on the other hand, because of the international situation this year, the global oil and gas enterprises have made huge profits. In the increasingly serious cost of living crisis, the voice of raising the tax on energy windfall profits is naturally getting higher and higher.

However, whether the new Prime Minister's tax plan can solve Britain's high inflation and reduce energy costs depends on the specific implementation.

Across the globe, the energy situation in the UK is not unique. For enterprises using clean energy, the use of high-quality energy storage systems during this period can significantly reduce energy costs, while independent power grids can reduce the risk of power outages. It is also applicable to individual families and commercial residences.

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In this regard, we recommend the use of this "SP8KLNA" energy storage inverter

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In winter, the Northern Hemisphere will usher in the second peak of electricity consumption in the year, and the energy market affected by policies is full of uncertainty. Economic problems such as inflation have also caused headaches for many enterprises and households.

How to reduce energy costs will be related to production and life in this winter. For now, winter storage and independent power grid may be a very good option.

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