Caporegime
High energy prices for domestic customers might actually be a good thing imo, provides a real incentive to reduce energy usage and value energy efficiency.
The problem is that income has not risen with prices, meaning that in the short term there will be huge suffering. Solutions to this would might involve raising minimum wage and universal credit significantly, maybe raising threshold for income tax too.
The magnitude of the cost would be a bit of an issue though... Could only be a short term measure before longer term solutions were brought in...
Not in the slightest. We will use probably 95% of the amount we used every year because we cannot cut back on much. Our bill will have tripled and the only thing that we can cut back on is a few luxuries like running a coffee machine or turning off all our router based electronics at night. Both of which would probably save us about £100 over the course of the year.
We don't live in a world where houses are perfectly insulated and retrofitting houses would cost 10x the savings most would get and thats ignoring the likelihood that the person paying for it wouldn't even get the benefit because they wouldn't live there long enough.
Very little about this is good in any way shape or form. The only silver lining is that the world will give Russia the middle finger and move away from fossil fuels a little quicker and generally insulate ourselves from this sort of thing happening in the future.