Franklin Pierce
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The NEW Winter of Discontent: How Russian-inflated gas prices, two fertiliser plants closing, shortage of HGV drivers and an energy network 'not fit for purpose' has created 'perfect storm' to cripple UK
The price of wholesale gas has surged by 250% since the beginning of the year and added 70% just since August as demand increases while the economy opens up, according to figures from Oil & Gas UK.
Amid fears of soaring domestic bills and a 'three-day working week', five small energy suppliers have already gone bust, and there are warnings more will follow unless taxpayers stump up billions.
A cocktail of other factors are also at play, including gas supplies drying up from Russia, high demand in Asia, wind turbines not spinning due to still weather conditions and North Sea platforms closing for maintenance that was paused during the pandemic.
The NEW Winter of Discontent thanks to high gas prices and lorry driver shortage | Daily Mail Online
- Price of wholesale gas has surged by 250% since the beginning of the year and added 70% just since August
- Five small energy suppliers have already gone bust, and there are warnings more will follow without action
- Natural gas shortage has hit carbon dioxide production - causing major problems for food production sector
- Above problems exacerbated by continuing lorry driver shortage that has led to gaps on supermarket shelves
The price of wholesale gas has surged by 250% since the beginning of the year and added 70% just since August as demand increases while the economy opens up, according to figures from Oil & Gas UK.
Amid fears of soaring domestic bills and a 'three-day working week', five small energy suppliers have already gone bust, and there are warnings more will follow unless taxpayers stump up billions.
A cocktail of other factors are also at play, including gas supplies drying up from Russia, high demand in Asia, wind turbines not spinning due to still weather conditions and North Sea platforms closing for maintenance that was paused during the pandemic.
The NEW Winter of Discontent thanks to high gas prices and lorry driver shortage | Daily Mail Online