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Energy crisis: Two more suppliers collapse as pipeline delay prompts fresh gas price spike
Sky News ^ | 11/16/2021 | staff

Posted on 11/16/2021 2:56:49 PM PST by fruser1

It brings to 21 the number of UK suppliers that have gone bust since the start of September after the price of buying gas on the wholesale market surged.

More than two million customers have been affected.

The gas market spike has left companies, some of whom did not "hedge" or insure themselves against such fluctuations, having to buy energy at elevated levels while being contracted to sell it much more cheaply to their customers.

(Excerpt) Read more at news.sky.com ...


TOPICS: News/Current Events
KEYWORDS: econazi; energy; europe; gas
What are they worried about? Global warming will keep them comfy this winter!
1 posted on 11/16/2021 2:56:49 PM PST by fruser1
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To: fruser1
After the 20 months of flattening the curve economy, who has money left to hedge with?
2 posted on 11/16/2021 3:02:08 PM PST by BradyLS (DO NOT FEED THE BEARS!)
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To: fruser1

It’s going to be a cold Winter in the UK, this year.


3 posted on 11/16/2021 3:14:43 PM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: fruser1

Good!


4 posted on 11/16/2021 3:18:58 PM PST by sport
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To: fruser1

I noticed gas price jumped from $3.21 yesterday to $3.35 today here in NE Florida.


5 posted on 11/16/2021 3:30:20 PM PST by entropy12 (President Trump was the best president in my life time of 81 years and counting..)
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To: fruser1

Freeze your asses blokes until you figure it out.


6 posted on 11/16/2021 3:30:58 PM PST by Bonemaker (invictus maneo)
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To: fruser1

More windmills! More solar panels! That’ll fix it.


7 posted on 11/16/2021 3:37:46 PM PST by technically right
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To: technically right

Tear down the guberment buildings and use them for firewood.


8 posted on 11/16/2021 3:39:21 PM PST by oldasrocks
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To: entropy12

$7.44/gallon in UK as of 11/15. Biden’s goal...for now.


9 posted on 11/16/2021 3:43:21 PM PST by Bonemaker (invictus maneo)
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To: entropy12

I wish I could pay that. Over $4 here.


10 posted on 11/16/2021 4:07:08 PM PST by smoky415
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To: fruser1

Dumb. They did a great job of that here, our gas has gone down to $3.36 from about $3.49. Won’t last but they have held the line very well so far. It was obvious what was coming, I’m surprised the Brits got caught with their shorts down.


11 posted on 11/16/2021 4:23:55 PM PST by SaxxonWoods (“There are no rules here – we're trying to accomplish something.” -Thomas A. Edison )
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To: fruser1

In Nj, we have 44 suppliers of natural gas. So, with perhaps a cold winter, we could beat 21 bankruptcies.


12 posted on 11/16/2021 5:39:46 PM PST by RossA
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