Britain is working with the energy sector to try to contain the fallout from rising gas prices, after fears that more energy suppliers and food producers will struggle to operate at such exorbitant costs.
According to Arab Net, Business Minister Kwasi Quarting said he had received assurances that the security of gas supplies was not a cause for concern, but that he would work with suppliers to manage the broader repercussions of the increase in global gas prices. .
Quarting held urgent talks yesterday with executives at National Grid, Centrica, EDF and Ofgem, the UK government regulator. More discussions with industry figures on Sunday and Monday.
A jump in gas prices has already put many local energy suppliers out of business and shuttered fertilizer plants that also produce carbon dioxide, which is used to stun animals before slaughter and extend life default for food.
Consumer groups and opposition politicians have warned that some customers and businesses will struggle to afford the higher costs.
The BBC reported that at least four small British energy companies are expected to go bankrupt within a week.
The Department of Business said it discussed the pressures facing companies during today's talks. Quarting said he would not leave a customer without gas or electricity because an alternative supplier would be found if any company went bankrupt.
He added on Twitter that protecting customers during the period of high global gas prices is an absolute priority.
