Two more energy companies have gone bust as UK's gas supply crisis continues

Two more energy companies have gone bust as UK's gas supply crisis continues

Assessment

Interactive Video

Business, Science, Geography

10th - 12th Grade

Hard

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Quizizz Content

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The video discusses the UK's limited natural gas storage capacity, which is only 1% of its annual supply, compared to over 20% in France and Germany. This lack of storage has left the UK vulnerable to global price spikes. The crisis has led to the collapse of energy suppliers like Avro and Green Energy, affecting 830,000 customers. The government has intervened by paying energy bills to prevent shortages in critical sectors. The crisis highlights the vulnerability of the UK's infrastructure and its reliance on just-in-time supply chains, exacerbated by the pandemic and Brexit.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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