The U.K. has one of the most deregulated energy markets in the world. Customers can buy natural gas for their homes directly from large suppliers or smaller ones who purchase gas from the wholesale market and sell it on. The system works fine in normal conditions but was breaking down in September under pressure from record prices caused by supply disruptions in Europe and surging post-pandemic global demand.
Why U.k. Gas Suppliers Are Going Bust, And Who Pays
By Guy Collins and Rachel Morison | Bloomberg, Washington Post: Business
Mon, 09/20/2021 - 10:42pm
BING NEWS:
- Nat-Gas Prices Soar on the Outlook for US Nat-Gas Supplies to Tighten
June nat-gas prices Friday climbed to a 3-month nearest-futures high and settled sharply higher. Gas prices surged Friday after Cheniere Energy said it doesn't expect prolonged outages at its LNG ...
05/3/2024 - 8:19 am | View Link - More
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