Related News
Energy firms in UK seeking govt assistance
Britain鈥檚 biggest energy companies have asked the government for support to help cover the cost of taking on customers from firms that have gone bust due to soaring wholesale gas prices, sources in the companies said, as fears of a food supply crunch rise.
Wholesale gas prices have soared in recent months as economies reopen from COVID-19 lockdowns and high demand for liquefied natural gas in Asia pushed down supplies to Europe, leading a shortage of carbon dioxide in the food industry.
Some of Britain鈥檚 meat processors will run out of CO2 鈥 also used to put the fizz in beer, cider and soft drinks 鈥 within five days, forcing them to halt production, the head of the industry鈥檚 lobby group warned.
The rise in prices has already forced four small energy suppliers to cease trading in recent weeks and Business Secretary Kwasi Kwarteng was due to hold more emergency talks with energy company bosses yesterday following a meeting on Saturday.
British ministers are looking at a range of options to help companies such as National Grid, Centrica, EDF as they face soaring prices and a flood of customers from failed suppliers.
Options under consideration include offering state-backed loans, underwriting the debt of suppliers, and the creation of a 鈥渂ad bank鈥 to house customers who could not be taken on without losing money, the sources in Britain鈥檚 energy companies said.
Britain鈥檚 energy regulator, known as Ofgem, will ensure customers gas and electric supply if their energy company goes bust, Kwarteng said.
鈥淲e don鈥檛 want the consumers to have to pay for the situation but equally the companies cannot pay for it all so something has to give,鈥 one source said.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.