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  • Gas price rises prompt urgent government talks

     Japo_Japo updated 2 months, 2 weeks ago 1 Member · 1 Post
  • Japo_Japo

    Member
    September 19, 2021 at 8:00 am

    The government is holding urgent talks with representatives from the energy industry amid growing concern about a spike in wholesale gas prices.

    Business Secretary Kwasi Kwarteng is talking to suppliers to hear how wide-reaching the impact of surging prices could be on companies and households.

    High global demand, maintenance issues at some gas sites and lower solar and wind output are blamed for the rise.

    The high prices have already led two large fertiliser plants to close.

    This has resulted in a cut in the supply of carbon dioxide (CO2) – a by-product of fertiliser production – to the food industry and other manufacturers.

    Government sources have said there is no threat to gas supplies and the impacts on small energy companies that might be the most exposed are being monitored.

    But the BBC has been told that officials are looking at whether products that could end up being in short supply, such as fertiliser, could be imported from abroad.

    Soaring gas prices ‘will feed into customer bills’
    Carbon dioxide shortage ‘threatens food security’
    Meanwhile, the British Soft Drinks Association said some producers are facing a shortage but have plans in place to help maintain their businesses

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