Two more energy companies have gone bust as UK's gas supply crisis continues

Two more energy companies have gone bust as UK's gas supply crisis continues

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University

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The video discusses the UK's limited natural gas storage capacity, which is only 1% of its annual supply, compared to over 20% in France and Germany. This lack of storage has left the UK vulnerable to global price spikes. The crisis has led to the collapse of energy suppliers like Avro and Green Energy, affecting 830,000 customers. The government has intervened by paying energy bills to prevent shortages in critical sectors. The crisis highlights the vulnerability of the UK's infrastructure and its reliance on just-in-time supply chains, exacerbated by the pandemic and Brexit.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage of the UK's annual gas supply is currently in storage?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the reasons for Europe's resilience in gas supply compared to the UK?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact has the gas crisis had on suppliers like Avro and Green Energy?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the gas crisis affected the production of CO2 at the plant on Teesside?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential consequences of the UK's reliance on gas as highlighted in the text?

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