The intersection of technology and commerce has given rise to a myriad of trends that are reshaping the way companies approach commercial contracts. From the retail industry to the.
lasting between four and six weeks. the army military personnel i should say helping next month with the response to coronavirus. there s lots of news today away from covid 19. energy bills will soar another 50% next year unless the government intervenes, the industry has warned. one supplier, edf, described the situation as critical as customers, already seeing record bills, are hit with more rises because of surging wholesale gas prices. emma pinchbeck is chief executive of energy uk, the trade body for the energy sector shejoins me now. good afternoon. is it all about these wholesale gas prices? is good afternoon. is it all about these wholesale gas prices? is the fundamental these wholesale gas prices? is the fundamental problem? these wholesale gas prices? is the fundamental problem? it - these wholesale gas prices? is the fundamental problem? it is - these wholesale gas prices? is the fundamental problem? it is the i fundamental problem? it is the fundamental problem? it
uk government ministers are this morning trying to reassure the public that there is no threat to the supply of gas to customers despite soaring wholesale gas prices, and warnings of a knock on effect on food supplies. the impact of will be discussed at a series of meetings between the government and industry leaders over the coming days. the business secretary kwasi kwarteng says he will meet with industry figures to plan a way forward. katy austin has more. the reasons wholesale gas prices have soared include high demand and lower wind and solar generation. the business secretary held urgent meetings with energy companies yesterday. the high prices have already pushed some small suppliers to the wall, and there s concern more will follow as soon as next week. we re seeing the record breaking price of international gas, that does feed through to the market and we ve already seen full supply failures in recent weeks, partly as a consequence of that and partly, as with other features
and there s concern more will follow as soon as next week. we re seeing the record breaking price of international gas, that does feed through to the market and we ve already seen full supply failures in recent weeks, partly as a consequence of that and partly, as with other features of our market, it s difficult to tell whether there will be any more. the rising cost is a worry for steelmakers, which need a lot of energy. another knock on effect is a shortage of carbon dioxide. it s a by product when fertiliser is produced, and two large uk plants which make it have closed. the owner of one large poultry group, which includes bernard matthews, called the carbon dioxide issue a massive body blow. it s used by meat producers, including in the packaging process. as the next two weeks unfold at this -as as the next two weeks unfold at this gas cries as the next two weeks unfold at this gas cries increase and the shutting down gas cries increase and the shutting down of gas cries incre