I came across this cartoon, on linkedin, which reminded me of a comment made at a recent ORG meeting that the UK cannot be an AI powerhouse because our electricity is too expensive.
It’s also possible that this is one reason why the bitcoin miners are now all located in China.
It set me thinking, and I made this chart.
The UK is expensive, and it would seem that this is true of the EU too.
The linkedin article argues that China’s energy investment has been about energy sovereignty. Perhaps its time the EU and UK governments thought about these issues.
Energy supply policy