The Minister of Energy of Great Britain Kvashi Kupartg will conduct emergency negotiations with industry leaders and consumer groups, since the United Kingdom government is looking for ways to support energy companies that are under threat due to the increase in gas prices. It is reported by Associated Press.
Kvasi Kupang has promised that the British will not remain without light and gas. According to him, the regulator will provide gas supply and electricity to consumers, even if their supplier denounces its obligations. If necessary, the authorities will assign an administrator to provide delivery until the company comes out of the crisis or customers will not go to another provider. The expenses for the support of the industry can cost taxpayers in billions of pounds.
The Great Britain’s authorities emphasize that the internal production of gas and imports from Norway is enough to meet the needs of the country in energy. “Energy security will always be our absolute priority,” said Kvateng. – “I am sure that the delivery reliability will be saved with any scenarios.”
The need to support the industry said Boris Johnson Prime Minister. “We have to make sure that we have the necessary reserves and that we do not allow companies to which we rely on, it will have to do everything that in our power.”
In recent weeks, five energy companies have ceased operation due to a record increase in gas. The cost of fuel this year in Britain has grown three times, since the restoration of the economy after the coronavirus pandemic increased demand. According to the London Ice Exchange, the cost of gas is 72.8 euros per megawatt-hour (876.49 dollars per thousand cubic meters). The growing prices also influenced storms in the United States and lack of gas supplies from Russia.