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Why Britain's Electricity Price Increased by 3000% - TLDR News
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Social Studies, Business
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11th Grade - University
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Hard
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The UK energy crisis has led to numerous suppliers going bust due to high wholesale prices and a restrictive price cap. The crisis is driven by a shortage of wind and natural gas, compounded by global supply issues and Brexit-related challenges. The government faces tough choices between removing the price cap or bailing out suppliers, with no easy solutions in sight.
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