Re:As Britain awaits a new prime minister, its cost-of-livin...
by cm2187 on Saturday September 03, 2022 @10:13AM
(#32702033)
They will afford heating, only they will heat just the room they need at the temperature they need rather than heating to comfort. And keep in mind, if demand goes down, prices go down.
Re:As Britain awaits a new prime minister, its cost-of-livin...
by sofixa on Saturday September 03, 2022 @10:50AM
(#32702381)
> They will afford heating, only they will heat just the room they need at the temperature they need rather than heating to comfort
How do you know this? Did you do the math? And you know it's not just heating, right, it's electricity too. They'll eat only raw food to not waste energy on ovens and cooktops?
> And keep in mind, if demand goes down, prices go down.
Not with external pressure (war) and near total lack of supply no it doesn't.
Re:As Britain awaits a new prime minister, its cost-of-livin...
by lostlogin on Saturday September 03, 2022 @10:48AM
(#32702360)
Will everyone afford heating? The most painful point hasn’t been reached yet and some reports suggest it’s got a long way to go (tripling by the end of winter).
https://www.bloomberg.com/news/articles/2022-08-20/price-cap...
Making the choice to take no action further compounds the issue as you deepen the coming recession and create more people who cannot pay to heat their homes or keep the economy going.
The answer to a crisis like this is price caps, investment in alternatives, taxes on profits, and if necessary targeted restrictions on energy use.
There is absolutely nothing wrong with covering a situation like this with debt in order to keep people and the economy alive.