Are high energy prices a sign of things to come?

UK's decarbonisation commitments part of the issue

clock • 4 min read
Phil Kent of GCP Infrastructure Investments
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Phil Kent of GCP Infrastructure Investments

Several more energy suppliers announced their collapse recently, following seven others that have endured a similar fate.

These suppliers together represent more than 5% of the market, or 1.7m customers, and there are warnings that more will likely follow. These corporate failures have resulted from high gas and electricity prices, which in turn are the result of lower gas storage levels going into winter.  Technical failures on interconnectors and plant maintenance have compounded the market backdrop.   The recent increases have been unprecedented: electricity prices for winter 2021/2022 have reached all-time highs.  Deep Dive: Commodities roller coaster shows no sign of slowing down As well ...

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