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BBCNEWS BBC News September 20, 2021 10:02:00

That the country s sixth largest energy company, bulb, is seeking new funds as it battles to stay afloat amid surging energy prices. the company has 1.7m customers. wholesale gas prices have risen by 250 percent since january, after a cold winter put pressure on europe s supplies and reduced levels of stored gas. there has also been increased competition for liquefied natural gas, particularly from countries in asia which also experienced cold weather. some firms, particularly the smaller ones, are now in trouble, because the high cost of gas means they can t afford to sell it to customers at the prices they promised them. ministers are due to hold more talks today with industry leaders to try to solve the crisis. speaking as he arrived in new york ahead of the the un general assembly, the prime minister said it was a temporary global problem that would be resolved as economies got back up and running after the pandemic. ....

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BBCNEWS BBC News September 20, 2021 08:02:00

See these spectacular gardens. the government is considering offering emergency state backed loans to energy companies, many of which are on the brink of collapse because of soaring gas prices. this morning we ve heard that the uk s sixth largest energy company, bulb, is seeking new funds as it battles stay afloat amid surging energy prices. the company has 1.7 million customers. wholesale gas prices have risen by 250% since january, after a cold winter put pressure on europe s supplies and reduced levels of stored gas. there has also been increased competition for liquefied natural gas, particularly from countries in asia which also experienced cold weather. ....

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BBCNEWS BBC News September 20, 2021 09:02:15

Transcripts for BBCNEWS BBC News 20210920 09:02:15
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