What's behind the energy crunch - and why it's hurting UK industry

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 67%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Economic predictions are often fraught with risk, but here's one that feels quite safe: the fertiliser company which has just shut down production at two of its UK plants will not be the last business to do so writes our economics editor EdConwaySky

Russia seems to have been stifling supply in recent months.

The final straw came earlier this week when one of the two electricity interconnector cables that brings power from France to the UK was damaged in a fire, putting it out of actionPut it all together and perhaps it's no surprise that energy prices - whether that's gas or electricity - are so high at the moment.

However, industrial energy users tend to be more sensitive to these price shifts, which is why many are already closing or reducing production. One such consequence of the closure of those fertiliser plants is a sudden shortage of carbon dioxide gas - a byproduct of their processes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

EdConwaySky 하나님께서는 이 세대와 화평하실 수가 없습니다. 그들은 번영 복음을 전하느라 바쁘기 때문입니다. RepentAndEscape

Ireland Ireland Latest News, Ireland Ireland Headlines