There are moments when I hate being right. For the most it is a nice feeling, but the stage where people lives go to shambles just so that I am right is not my forte. I have no issues getting Google’s own Papa Smurf (read: Sergey Brin) to buy my 5G IP, but he can easily afford it (he might just have enough in his wallet). Getting to a stage where millions of people pay an additional £6-£96 a month for energy is not my idea of fun, but the BBC (at https://www.bbc.com/news/business-55925514) gave us only two hours ago an article with loads of emotion, yet the two foundations are in the first £6-£96 a month more, so being on the wrong side of that scale will hurt in massive ways. And we see that it “affects 11 million households in England, Wales and Scotland who have never switched suppliers or whose discounted deals have expired”, so the hurt will come and come again and there is every indication that they will get hit again around August 2021. And beyond that we see “The cap for prepayment meter customers will go up by £87 to £1,156, affecting another four million customers”, a change that is about to hit 22% of all Britons.
So now we get to the me being right thing, on December 3rd last year (or better stated a year ago) in the article ‘Trillion dollar Musk’ (at https://lawlordtobe.com/2020/12/03/trillion-dollar-musk/) I gave the readers “the UK has an increasing need for Scandinavian power and soon it cannot be met. I reckon that in the next 2-3 years that shortage will be close to systemic all over the EU” where we see the simplest application of price rises, and now we see the rise on a much larger scale than ever witnessed before. So now consider the average annual pensioner income £15,080. Now consider that 1%-6% more is given to the power company. It depends where they are, but the stage is now already getting to a dangerous close, a close that a lot cannot afford and that setting will continue all over Europe. I saw this coming but even I am a little amazed on how fast it is arriving at the front door of people. I expected that there were 2-3 years for people like Elon Musk to stop the cost from drowning people (making him rich at the very same time), there was a clear clarion prediction to the ‘Trillion dollar Musk’ setting and no space ride would be needed. Now that we are given “Citizens Advice said its research in December indicated that 2.1 million households were behind on their energy bills, a rise of 600,000 compared with before the pandemic”, we might point towards some corona event, but the truth is that overall power needs have been going up and up and beyond some point the power companies will have to pay for importing power and that side of the equation is not going away. And with “Heating a poorly insulated home costs around £50 a month more than a decent home. If bills rise by £96, millions of households have two stark choices; stay cold or fall further into debt” the final piece falls into place, even as they all make it about heating (which is partially true), the overall use of electricity is off the scales, I stated them in ‘Dangerous conclusions’, which I wrote on December 16th (at https://lawlordtobe.com/2020/12/16/dangerous-conclusions/) and now that the stage is here, Eon Musk has a massive opportunity and soon enough it will grow into Europe as well, I wonder who will cash in before the half baked solutions stir their ugly heads.
Because the impact of that stage is not a good thing.