Last week, the UK reached its highest temperature on record — 40 degrees Celsius, or more than 104 degrees Fahrenheit. On July 20th, as the record-breaking “Red Extreme” heatwave continued to linger, a Bloomberg op-ed reports officials made the decision to pay a record price of £9,724.54 (about $11,685) per megawatt to ensure electricity for South London residents — about 5,000 percent higher than its usual average price of £178 per megawatt hour.
To avoid an energy short…
