Yeah, this whole "let's sell off state-owned infrastructure on the Free Market" hasn't worked out so well: not only in the UK, but also elsewhere in Europe, the handsome profits of those moves have pretty much evaporated, investments in upgrades have been severely lacking, and now everyone is pointing fingers due to the inevitable capacity meltdowns. (Note that I'm not opposed to privatization in general, and it has…
Capacity is constantly being hit by very large population growth. Just like water and housing. Money available is lowered by state-enforced price caps. Purchase prices are raised by state-mandated net zero rules that subsidise green sources.