i don t mean in terms of security of supply but the suppliers going bust. is it going to require taxpayer money to stabilise the market? if so, how is that money going to be used and how are we going to get value for money on this? i m afraid they are complacent in this situation in relation to suppliers and your news you broken illustrates this and are doing the wrong thing when it comes to the cost of living crisis facing so many families. i want to focus on energy suppliers themselves and we will come onto the cost of living in a moment, a couple of lines on this statement we have had from green energy who are quitting the market. market conditions are unprecedented, it is putting up the cost above the energy price cap, limiting how much we can charge. they say they are selling energy to customers at a loss and that it is unprecedented and therefore they are ceasing to change. how would you fix this? i think the first thing you need to do is keep the energy price cap
customers were housed until the market stabilised and they could be reabsorbed into other companies? i think that is why i say to you, until the government levels with us about the scale of the crisis and what of gem are saying to them about it, it s hard to know what the scale of resources are going to be needed and what we do. find of resources are going to be needed and what we do. and what we do. and given how unprecedented and what we do. and given how unprecedented this and what we do. and given how unprecedented this situation i and what we do. and given howj unprecedented this situation is, and what we do. and given how. unprecedented this situation is, i wonder if by the end of the year we will be left with just a big six and that means, we have been constantly told that s not enough competition, they essentially have a monopoly position in the market, it proves the energy market doesn t for customers. tt the energy market doesn t for customs the energy market doesn t f
supply chain moving. there are a lot of stresses on our food supply chain at the moment, and that is why you know, small things like this, that in ordinary circumstances people might be able to accommodate, are something we need to watch more carefully than we normally would. even though fizz is back on tap, for the next couple of weeks any way, the underlying issue that caused those carbon dioxide plants to be turned off is that energy is so expensive and that problem hasn t been fixed yet. we will all be paying more this winter, as utility bills are going up. and if more suppliers go bust, those customers may well be put on more expensive tariffs. the price has spiked, considerably, i have a chart in front of me - i think it has quadrupled - in the last six, seven months. and you would expectl normally that the price would revert to the mean, - it is not something that we think is going to be sustainable but of course, mrjones, i we have to prepare for.
in the normal course of events energy suppliers exiting the market but were not in the normal course of events, we are in a deeply serious situation and one of the things the government need to do it to start levelling with people about the scale of the emergencies that we face. i don t mean in terms of security of supply put the suppliers going bust. is it going to require taxpayer money to stabilise the market? if so, how is that many going to be used and how are we going to be used and how are we going to be used and how are we going to get value for money on this? i m afraid they are complacent in this situation relation to surprise and your news you broken illustrates this and are doing the wrong thing when it comes to the cost of living crisis facing so many families. t cost of living crisis facing so many families. ., ., , ., , families. i want to focus on energy su liers families. i want to focus on energy suppliers themselves families. i want to focus on energy suppliers the
that have contributed to that, including an increase in international demand, potentially some restrictions around supply, so it s very hard to predict how long that will last. the sector has faced shocks and in fact we have talked about how we managed through the covid crisis which had a big impact on the energy sector overall but when you see that change, and i encourage you to have a look at the change in gas price, it really is something we don t think we have seen before, at this pace, we have seen exit from this market before, we have had up to double digit numbers of companies exiting the market at a time so it s not unusual for supplies to go out of the market. i think what is different this time is the dramatic change in costs the suppliers are facing. we have had around, you know, we have had five roughly over the past few months, a number more at the start of the year. we do expect more, we expect more to not to be able to face the circumstances we are in but it s genuinely