will be announced this morning by the energy regulator ofgem. this is the maximum amount companies can charge households for their energy use. the first rise saw prices to nearly £2000 and it could go up to £3000. average bills will hit £4650. let s hear from some people who are already struggling the heat their homes. #it # it takes a worried man to sing a worried song. we don t have the option sing a worried song. we don t have the option to sing a worried song. we don t have the option to turn - sing a worried song. we don t have the option to turn it - sing a worried song. we don t have the option to turn it off. have the option to turn it off or down have the option to turn it off or down or not put the kettle on for or down or not put the kettle on for the or down or not put the kettle on for the carers because my dad on for the carers because my dad is on for the carers because my dad must on for the carers because my dad isjust so on for the carers bec
now about ten times higher than the average level they have done over the last decade. can you explain two our viewers why thatis you explain two our viewers why that is and why they are still rising? ln that is and why they are still risin: ? . , rising? in a nutshell, we were in a tight rising? in a nutshell, we were in a tight gas rising? in a nutshell, we were in a tight gas market - rising? in a nutshell, we were in a tight gas market alreadyl in a tight gas market already and of course covid as people as economic activity has restarted and as renewables perform in 2021, we are in a tart market so we saw high prices in the winter of 2021 and following the russian invasion of ukraine and the restriction of gas exports to europe, russia used to provide 40% of europe s gas requirements, that has continued to push prices up and as russia continued to threaten as russia continued to threaten as further restrictions on gas, is delivering about 35% less thanit is delivering about 35
because in january to march get this alternative supply of gas because injanuary to march of get this alternative supply of gas because in january to march of this year, the country got 53% of its gas imports from the company. that is a large hole to fill and it is fortuitous and perhaps one of the reasons for the column attitude of the ministers is the fact that it is now springtime, heading into summer, demand is lowerfor gas now springtime, heading into summer, demand is lower for gas and now springtime, heading into summer, demand is lowerfor gas and gas storage in poland is at an all time high compared to last year because they made provision due to the war. but we may have a situation in a couple of months time where poland is competing for fairly relatively scarce or at least a tight gas market with other eu countries or seeking to stop buying russian energy and as demand starts to rise in the autumn and the heating season starts up again poland may find it has a problem actual
Tight gas has several applications that makes it an essential resource, which is expected to create potential growth opportunities for tight gas market growth.
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