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Something is happening internationally that has gone almost unnoticed in the American market – electricity prices in certain regions are increasing… and fast.
The spikes have been particularly noticeable in Australia and the U.K.
Much of Australia has seen rises in power costs of 20% (or more) in less than two years. Prices there are accelerating more than twice as fast as a rising inflation rate and will continue to soar, due to an under-funded electricity infrastructure.
The U.K., along with the rest of Europe, finds itself in the grips of an unusually early and prolonged snow assault carrying frigid temperatures. British consumers are now facing 22-month-high electricity prices, and thousands of homes in northern England and Scotland are facing the serious challenge of losing heat.
On Friday (December 17), the British government announced that it was considering something rarely seen this side of World War II – fuel rationing.
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About the Author
Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk assessment, and emerging market economic development. He serves as an advisor to many U.S. governors and foreign governments. Kent details his latest global travels in his free Oil & Energy Investor e-letter. He makes specific investment recommendations in his newsletter, the Energy Advantage. For more active investors, he issues shorter-term trades in his Energy Inner Circle.