This will be another hurdle for electrification of all types as it will make less economic sense for the average home with substantial electricity price increases while fossil fuels prices are kept artificially low. The only silver lining is it might make solar/battery storage more attractive to have less reliance on the high priced grid electricity for those that can afford the upfront investments.

Electric vehicles will be especially hit since you already have fast chargers like GM Energy charging 0.55-0.60c/kWh which ends up being more expensive than driving a ICE vehicle getting 20-25mpg at the current prices.

They do have an EDR you can access.

And to think, we haven’t even reached the hotter months of July and August in the boreal summer yet.

At least this looking like a neutral period for the ENSO so maybe we won’t break as many records this year.

The phrase I have in repeat in my head after hearing it several years ago is, “This will be the coolest summer of the rest of your life.”. A stark reminder of the collective action and adaptation needed.