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28 Mar 2024 22:46:32

UK gas crisis

Posted: 21 Sep 2021

High demand for gas and reduced supply are behind a surge in wholesale prices in the UK. Smaller energy providers battle to stay afloat due to gas price hikes making price promises to customers undeliverable.

So far, four energy firms have gone to the wall, and four more are expected to follow in the coming days. On Sunday, the UK's sixth largest energy company is seeking a bailout.

As a result of gas prices booming, energy intensive fertiliser producers have shut down, which has created a shortage of the by-product of production, carbon dioxide. Food manufacturers and supermarkets have urged action because carbon dioxide is used to stun animals prior to slaughter and to keep food fresh for storage and transport.

Read more from BBC.