Elon Musk: Wow, electricity prices are crazy high in the UK and Europe!

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Electricity costs are surging across Europe, but the UK faces some of the highest rates, now over 52 pence per kilowatt-hour (kWh). Italy trails closely at 46 pence, while Germany, Spain, and Portugal range from 30-35 pence. France, benefiting from its nuclear power capacity, is at a more moderate 23 pence, and Norway, relying heavily on hydroelectric power, enjoys the lowest rates at just 12.83 pence per kWh.

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This price spike reflects a range of factors, with increased demand and limited wind power generation being major contributors. A heavy reliance on natural gas as a backup power source has exacerbated costs, as global gas prices remain elevated.

The UK’s dependence on gas and other fossil fuels makes it especially vulnerable to price fluctuations. For millions of households, these rising costs are creating serious economic pressure, sparking debates about the need for more resilient, cost-effective, and sustainable energy policies.

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