why are energy prices rising in the UK, when their main sources is its own North Sea gas?
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We have similar issue in Sweden. We’re mainly self sufficient (we actually net export as one of the top countries). But the energy market in Europe is a connected market, and it sets the price for us as well. So right now we have these high prices because somewhere out in Europe someone is willing to pay those insane prices.
I guess it’s how poorer countries feel about harvests, or raw materials. They mine them but can’t buy them because international markets pays more.
I think the difference is that while the principle is similar, energy is harder to move right now. While you mine copper someone can just show up and buy it. Energy makes more sense to produce locally and have local prices. Big corps wouldn’t want it though because if you can set a price for an entire population based on who’s the most desperate makes for higher profits
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