Whatever you want to call it, the energy market news out of the United Kingdom portrays a nightmarish picture of what occurs when an economy that is making the righteous shift to affordable, clean, renewable energy is forced to rely on pricey gas to move forward constantly. As the impacts of the energy shift reverberate throughout society, Britain’s experience serves as a cautionary lesson for the rest of the globe, demonstrating what can—and almost certainly will—go wrong as countries throughout the world struggle to make the transition to green energy.
As energy rates rise in the context of low gas fields ahead of the winter, the consumer effect of the power shortage has already had political repercussions in the EU.