Politics UK
Why Britain’s Electricity Price Increased by 3000% – TLDR News
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Over the last few weeks, Britain has seen a huge change in energy prices, with price increases peaking at 3000%. So in this video we break down what’s happening, why prices are sky rocketing and what the government could possibly do about it.
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1 – https://www.bbc.co.uk/news/business-58620167
2 – https://fortune.com/2021/09/16/the-u-k-went-all-in-on-wind-power-never-imaging-it-would-one-day-stop-blowing/
3 – https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/894920/Press_Notice_June_2020.pdf
4 – https://www.economist.com/the-economist-explains/2021/09/15/why-has-the-price-of-electricity-in-europe-reached-record-highs
5 – https://www.bbc.co.uk/news/business-58620167
6 – https://www.economist.com/the-economist-explains/2021/09/15/why-has-the-price-of-electricity-in-europe-reached-record-highs
7 – https://www.cnbc.com/2021/08/24/russia-is-pumping-less-natural-gas-to-europe-as-nord-stream-2-nears-completion.html
8 – https://www.bbc.co.uk/news/uk-58615356
9 – https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/091321-factbox-uk-electricity-prices-now-most-expensive-in-europe
10 – https://twitter.com/JavierBlas/status/1437352577130278923?s=20
11 – https://www.theguardian.com/politics/2021/sep/21/kwarteng-difficult-winter-energy-bills-universal-credit
12 – https://www.theguardian.com/money/2021/sep/18/dont-panic-business-minister-bids-to-calm-crisis-fears-as-uk-gas-prices-soar
13 – https://www.enappsys.com/gbdayahead/
14 – https://www.economist.com/the-economist-explains/2021/09/15/why-has-the-price-of-electricity-in-europe-reached-record-highs
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As oil drilling moves closer to reality, we explore how it could transform the Falkland Islands’ economy, politics, and long-running sovereignty dispute with Argentina.
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SOURCES
FT Argentina Angered By Prospect of Oil Boom in Falklands
https://www.ft.com/content/ce25f41d-49e2-42e3-956e-dab0de9301e4?syn-25a6b1a6=1
The Times Drilling to go Ahead at Sea Lion Oilfield
https://www.thetimes.com/business/companies-markets/article/drilling-confirmed-sea-lion-oil-field-rockhopper-falklands-5nz8npwpw
The Times Falkland Islands $4bn Oil Bonanza
https://www.thetimes.com/business/economics/article/falkland-islands-4bn-boost-oilfield-go-ahead-6crtkvqzk
Yahoo Finance The Falklands are Turning into a Mini Dubai
https://finance.yahoo.com/economy/articles/falklands-quietly-turning-next-dubai-180437990.html
BBC News Quick Guide: The Falklands Economy
http://news.bbc.co.uk/nol/shared/spl/hi/picture_gallery/07/in_pictures_the_falklands_economy/print.stm
0:00 How the Falklands are Becoming a Petrostate
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The UK government recently released a green paper outlining plans that could fundamentally change the way YouTube works in the UK – favouring public service broadcasters (like the BBC) and potentially killing independent creators (like us).
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📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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In this video, we’re going to have a look into the Clacton by-election, why the other parties have stood down, what Farage’s plan is, and why it seems like it may have already backfired.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
SOURCES
Telegraph Farage By-Election Gamble Turns to Farce
https://www.telegraph.co.uk/politics/2026/07/07/farage-resigns-but-by-election-gamble-turns-to-farce/
BBC News Farage’s Political Rivals Rule Out Standing in Clacton
https://www.bbc.co.uk/news/articles/cjdg4y3g0z7o
The Guardian Political Rivals Vow to Boycott By-Election
https://www.theguardian.com/politics/2026/jul/07/nigel-farage-quits-as-mp-amid-scrunity-over-finances-clacton-reform
Politics Home Labour and Tories Refuse to Field Candidates
https://www.politicshome.com/news/article/labour-tories-refuse-stand-candidates-clacton-byelection
Politico Badenoch Says Farage Cracking Under the Pressure
https://www.politico.eu/article/kemi-badenoch-nigel-farage-pressure-by-election/
0:00 Nigel Farage vs Count Binface: The Clacton By-Election Explained
6:47 Sponsor
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It seems pretty much a certainty that Andy Burnham will be the next British prime minister. Exactly when it happens depends on a few factors. We outline some of the reasons an early general election is likely.
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📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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@aaronlarsen7447
December 29, 2023 at 8:21 am
It's because Biden blew up the pipeline. And because King Charles is all about a one world earth worshiping, draconian government. Same as Canada.
@peterhicks5590
December 29, 2023 at 8:21 am
According to my latest complex billing via Octopus keep estimating my bills depite 2 complaints and hours over the last year, my bill for energy for a year will come to appx £7000 & change , the new billing has 5 colums .
74 disabled & a low user & live alone, this months bill for gas alone £470 ,i cook on electric and only use thye heating when very cold .
Electric 68p Kwh , meter =46p per day , gas = 18.18 p ,meter 26p per day
@user-zz6lw5lr8s
December 29, 2023 at 8:21 am
on benefits and health issues also Gov cruel with high price not helping at all …, discrimination with ethnicity group ? can you believe around £600 to above £900 rising on particular ethnicity group ? no gov or council support in this matter but gov giving equal funds to every one in the news really has no meaning with rising prices on benefits ?5 6 times higher now …?
@datalore3276
December 29, 2023 at 8:21 am
Besides the fact that poor choices by our government has meant we can not supply enough electric without buying it from other places it does not explain how the companies that own the energy supply have made a huge profit in the past 2 years.
Who cares if small energy suppliers go out of business they do not supply the energy the power station do.
Why has my bill gone from £90 to £370? Wind?
That means that the power plant MUST have a running cost of 400% more than it did saying we have less wind and the price of gas is higher does not show how my bill has increased 400% while at the same time energy companies are making record profits.
@martinwarner1178
December 29, 2023 at 8:21 am
TLDR News…my fave. Peace be unto you.
@Mashedpotatoe1000
December 29, 2023 at 8:21 am
They cocked it up too much to be able to solve it
@jackssmirkingrevenge9365
December 29, 2023 at 8:21 am
we're sitting on thousands of years worth of coal beneath our feet – and our clean coal-burning power plants give out nothing but water vapour and carbon dioxide. hence why something necessary for life itself not to mention something we ourselves in fact exhale – has been turned into a toxic pollutant to be wiped out in a zeitgeist of (as prince charles stated) wartime-like effort. they want you to be reliant on stuff like wind precisely because its mostly inefficient, very expensive and unreliable
beware of that smart meter
@Jamestheflexivore4657
December 29, 2023 at 8:21 am
This is what we've always known and yet keep trying to beat around the Bush about. We need oil and gas.
@zoodidi
December 29, 2023 at 8:21 am
If Russia and Ukraine fighting each other.let them fight.why we all world want put on this fight on our head.we
Are living in this world only small number of days forget live happy.
@zoodidi
December 29, 2023 at 8:21 am
You see everybody is suffering from this Russia and Ukraine conflict.
@zoodidi
December 29, 2023 at 8:21 am
No need to put sanctions against Russia.this matter can handle politically.but without think quickly they put sanctions.after that they realise O my god what we had done.
@zoodidi
December 29, 2023 at 8:21 am
Big mouth.
@malcolmbrewis5582
December 29, 2023 at 8:21 am
Just out of interest, how many other people can remember being promised "Electricity to cheap to meter".
@amianowl3720
December 29, 2023 at 8:21 am
meowsaysthecat
@danielrizzo4927
December 29, 2023 at 8:21 am
Price caps NEVER work. They put businesses into bankrupt and create even more shortages regardless of the type of commodity. Besides, when they are in financial trouble, the government always intervenes, effectively eliminating the independence of the companies.
@Migu1259
December 29, 2023 at 8:21 am
mouee
@donaldkasper8346
December 29, 2023 at 8:21 am
No. British electrical cost is through the roof because (1) they got rid of nuclear power, and (2) they shut down all their coal power production, and (3) they want to pay 3000% more instead of fracking for gas.
@strontiumdog9911
December 29, 2023 at 8:21 am
dear energy customer,
due to the particularly mild October your currently enjoying you are not using as much energy to heat your homes and as such
as company director of Ripoffier energy suppliers I still want my new Mercedes this quarter so as such I will be raising prices again too offset energy sales profits lost
and if you fit an efficient heat pump or find further greener energy saving cost cutting measures I will be forced to do the same again next quarter
thanks for your understanding & cooperation!
and remember our motto
you wont save money well do that for you!
yours faithfully
Snidemuther. F
company director & ceo
@tbas8741
December 29, 2023 at 8:21 am
But yet Power companies in 2022 will make the most profit in last 10 years.
Why not lower the prices and force a set profit that power companies can make like 25% gains not the current profits they make of 4000-5000 % of what it costs them to make 1KW /hour
@michellemaundrill9344
December 29, 2023 at 8:21 am
Who was in charge of finances while BJ was in ……, oh of course Richie Sunak!!
@jhill4071
December 29, 2023 at 8:21 am
No way around it. Brits need 24/7 safe Nuke power generators like Finland is installing. Same applies to America who finally figured out.that large scale Wind and Solar only works on paper.
@anthonystar
December 29, 2023 at 8:21 am
Bad planning n implementation uk Gov
@butmunch19121993
December 29, 2023 at 8:21 am
shortage are you fucking kidding me. We produce so much natural gas. its cheaper then ever now for the companies to buy. we have the cheapest in Europe but not when its sold to customers. we are getting fucked
@salomlove3625
December 29, 2023 at 8:21 am
I don't understand west always enemy news against Russia since decades … but still fully dependent on Russia for energy supply…to start this financial crisis energy scam?
@williamstewart888
December 29, 2023 at 8:21 am
And, (French, NOT Scottish!!!!) (U)(K)??????? Jole. how many KNOW that at the "Union of England with Scotland (because the Scottish "Nobles" had lost all their cash in Panama!! ) there were riots on the streets, especially in EDINBURGH, so, er, English have lost a queen, like all the "commonWEALTH??????"
@syednadeemahmed1767
December 29, 2023 at 8:21 am
ncwindgenerators are the solution of Europe energy crises.
@syednadeemahmed1767
December 29, 2023 at 8:21 am
NDB nuclear diamond batteries.
@train4905
December 29, 2023 at 8:21 am
superb
@syednadeemahmed1767
December 29, 2023 at 8:21 am
Wind turbines rollers type horizontal and vertical is the solution of energy required.
@patbournes5281
December 29, 2023 at 8:21 am
The problem can be directly pointed to the “Green “ policies. The greenies are responsible for bankrupting millions of people and destroying the larger economy. I am a climate researcher and our research is unambiguous and backed up with experiments- Co2 has no measurable effect on the climate at all. None. Nada . Nil. So governments are destroying the world economy for a false pretense. We live in bizarre times.
@davidasbridge5368
December 29, 2023 at 8:21 am
We must invest in self containment and open up some self sufficient UK specific energy extraction companies in and around the UK coast.
@Hecatonicosachoron
December 29, 2023 at 8:21 am
When will people come to realise that markets don't work with energy
Force nationalise all energy and decarbonize immediately. Build solar and wind.
@pravinsubba5684
December 29, 2023 at 8:21 am
Time to run In Candles People. Make your own at home
@johnthomson2164
December 29, 2023 at 8:21 am
The regulator is nothing more than a apologist for the large energy companies. Sack him.
@rogerboynton6218
December 29, 2023 at 8:21 am
Quit give wealth to ukraine LET THE UKES SUFFER
@rivumrejex2864
December 29, 2023 at 8:21 am
So how come all the big 6 energy companies are making record profits???.. what a load of bollocks do you expect us to swallow this crap??…
@rivumrejex2864
December 29, 2023 at 8:21 am
Government said that UK only imports 3% of its gas so are we now paying a 3000% rise for 3% of imported gas????… I call 🦬💩
@stevenrowlands7731
December 29, 2023 at 8:21 am
Knowing I'm going to be homeless just before winter is terrifying
@olgag6581
December 29, 2023 at 8:21 am
And Boris blames Putin for the the UK energy crisis. An idiot!
@joynalahmed8742
December 29, 2023 at 8:21 am
It's all a scam. Its all about getting the money back the government lost during the pandemic. Furlough pay vat cuts loan give out grant give outs. Just who is going to pay for all this.
@torstenkranz5839
December 29, 2023 at 8:21 am
I know it's very difficult to understand, but GB is still in Europe unfortunately and Norway is not part of the EU (((((((((((((((((((((((((((-: Just get Brexit done!!!
@michaelwhite8031
December 29, 2023 at 8:21 am
Boris is full of gas, plug him in.
@Rattlerbrand
December 29, 2023 at 8:21 am
The government gave billions in weapons to extend the war ?
AND WE THE POOR ARE PAYING FOR IT
@m78991234
December 29, 2023 at 8:21 am
'the uk has just been a lot less windy than usual recently'
'demand has increased as businesses return from lockdown'
i don't buy these explanations, they are little more than nonsense. Dare i ask what the real reasons are?
@alfredfanshaw4786
December 29, 2023 at 8:21 am
Get rid of all this "green" over expensive so-called renewable energy and return to burning native British coal. This is a country sitting on millions of tons of good quality coal so why don't we utilise it?