Gas price surge forces industrial sites to close

© Provided by City AM

Two industrial sites that produce a combined 40 per cent of the UK’s fertiliser have been forced to halt operations due to recent record gas prices.

The Times reported that CF Industries had shuttered its plants at Billingham in Teesside and Ince in Cheshire as a direct result of the price spikes.

The closures came as gas prices hit record levels yesterday after a fire at a National Grid facility in Kent forced one of the UK’s crucial power interconnectors to close.

Prices closed in on £2 a therm yesterday, six times higher than a year ago.

As a result of the blaze, the 2 gigawatt cable, which connects the UK’s energy grid to France, will be offline for six months.

This further raises the prospect of an expensive winter for consumers in a market already tight due to a shortage of global gas supply.

In addition, a period of low wind speeds has seen the amount of wind power capacity produced by the UK drop off, leading the country to fire up some of its old coal generators.

As a result of rising prices, Ofgem has already been forced to hike bills for some 15m households by around 12 per cent from next month.

Two more energy suppliers were also forced out of the market this week as a result of the price surge, leaving 500,000 customers needing a new supplier.

Before the Open: Get the jump on the markets with our early morning newsletter

Internet Explorer Channel Network
News Related


American Airlines passenger 'punched female flight attendant twice'

© Provided by Daily Mail MailOnline logo An American Airlines flight from New York City to Orange County, California, was diverted to Denver on Wednesday following an alleged assault on ... Read more »

Richard Ratcliffe: I'm on hunger strike because the UK is failing in it's duty to bring Nazanin home

Today, Richard Ratcliffe, the husband of Nazanin Zaghari-Ratcliffe, and his legal team will meet with the Foreign Secretary to discuss what the UK government needs to do to bring Nazanin ... Read more »

Cop26: Which world leaders and celebrities will be in Glasgow?

© Yui Mok/PA/Guglielmo Mangiapane/Reuters/ANDY RAIN/EPA cop.png Cop26, also known as the United Nations Climate Change Conference of the Parties, will start this Sunday in Glasgow and features numerous world leaders, ... Read more »

Rishi Sunak confuses Bury and Burnley during market visit in interview blunder

Rishi Sunak has mistakenly called Bury Market the “world famous Burnley market” in an embarrassing interview slip up. The Tory Chancellor was speaking about his Autumn Budget on a visit ... Read more »

Police accuse Pittsburgh man of robbing 2 businesses several days apart

Oct. 28—A Pittsburgh man was jailed Wednesday on accusations that he robbed two businesses on Pittsburgh's South Side in the past two weeks, city police said. The suspect, Dakota Face, ... Read more »

Two Connecticut cops targeted by gunfire reacted like pros, law enforcement leaders say, as assaults on officers increase nationwide

Law enforcement leaders praised Hartford and Norwich police officers for their vigilance and professionalism after the two cops escaped targeted gunfire and helped arrest suspects in separate incidents Monday and ... Read more »

‘Straight out of a fairytale': Portugal's best towns and villages, by readers

Photograph: Stuart Black/Alamy Winning tip: Tavira, Algarve Even the most cold-hearted atheist cannot fail to be impressed by the 37 churches of Tavira, the small town which, thanks to a ... Read more »

Merck to share antiviral COVID pill formula with developing countries

Merck said Wednesday it granted the Medicines Patent Pool, a United Nations-backed nonprofit, a royalty-free license for molnupiravir, an oral antiviral COVID-19 pill that it developed with Ridgeback Biotherapeutics. Why ... Read more »

U.S. drug company Merck strikes deal with nonprofit to share COVID pill formula with poorer nations

Man walks past Merck plant. Marko Georgiev/Getty Images U.S. drug company Merck has granted U.N.-backed nonprofit Medicines Patent Pool a royalty-free license for its experimental new COVID-19 drug, allowing Merck's ... Read more »

Europe's top carmakers count cost of chip crunch

By Nick Carey LONDON (Reuters) – The global semiconductor chip shortage cost Volkswagen and Stellantis a combined 1.4 million vehicles in lost production in the third quarter, Europe's two biggest ... Read more »

For 17 minutes, Belton police made every Black man in Cass County a shooting suspect

For 17 minutes, Belton police made every Black man in Cass County a suspect in a shooting. The initial description from police officials on Monday read: “The suspect is described ... Read more »

Desi dadi's thumkas to Sridevi's Navrai Majhi is epic. Viral video

Age is just a number and the internet’s dancing dadi Ravi Bala Sharma has once again proved that with her dance video. The 63-year-old’s dance clips to peppy Bollywood tracks ... Read more »

Jassie Gill's new track from 'Alll Rounder' is all about love

© IANS Jassie Gill Mumbai, Oct 28 (IANS) Jassie Gill is back with an illustrious album that consists of 10 chartbusting numbers. Titled ‘Alll Rounder’ the album has a mix ... Read more »

Anupamaa, 28 October 2021, Written Update: Anuj and Anupama spend a night together

© Provided by Pinkvilla In today’s episode, Anuj and Anupama decide to stay with a group of college students until the weather gets back to normal. Anupama praises the students ... Read more »

Embrace #FashionableTechnology in Logitech's latest collaboration with designers Pankaj and Nidhi

Ever wondered what happens when the world of fashion meets the world of technology? Well, the outcome is sheer innovation! Allow us to tell you how.  In today’s fast-changing scenario ... Read more »

Gattimela, 28 October 2021, Written Update: Kanta challenges the girls for a dance off

© Provided by Pinkvilla In today’s episode of Gattimela, Amulya runs and pushes a vase by mistake, which lands on Vikranth’s leg. Everyone get scared, and Vikranth tells nothing happened ... Read more »

Dulha-dulhan ka dhaansu dance! Bride and groom shake a leg on popular Bollywood number - WATCH Viral video

© Provided by DNA Weddings are all fun and frolic with friends and relatives of the bride-groom dancing and making merry. Music and dance are fun moments from the wedding ... Read more »

Kumkum Bhagya, 28 October 2021, Written Update: Ranbir gets furious with Rhea

© Provided by Pinkvilla In today’s episode, Ranbir confronts Rhea about what she said to Pallavi at the breakfast table. Rhea claims that she cannot stay in the dark and ... Read more »

Sumit Bhardwaj on his comeback to TV in 'Sasural Simar Ka 2'

© IANS Sumit Bhardwaj on his comeback to TV in ‘Sasural Simar Ka 2’. Mumbai, Oct 28 (IANS) ‘Beyhadh’ actor Sumit Bhardwaj is going to enter the daily soap ‘Sasural ... Read more »

GMB guests debate: Should Her Majesty, 95, retire

© Provided by Daily Mail MailOnline logo Dame Esther Rantzen has insisted the Queen, 95, is still ‘as sharp as a needle’ and remains a ‘guiding star’ as she appeared ... Read more »

Benefit claimants may be eligible for future savings windfall

Universal Credit is claimed by nearly six million people across the UK with a further estimated five million households receiving additional financial support through Working Tax Credits. The Daily Record ... Read more »

China's AgBank posts 14% third-quarter profit increase

BEIJING/SHANGHAI (Reuters) – Agricultural Bank of China Ltd (AgBank), the country’s third-biggest lender by assets, reported a 14% increase in third-quarter profit as banks steadily recover from the impact of ... Read more »

Dank neuer DNA-Technik: Urenkel von Sitting Bull identifiziert

Dank einer neuen DNA-Technik ist ein Urenkel von Sitting Bull identifiziert worden. Der Nachkomme hatte zwar Dokumente, die auf eine Verwandtschaft deuteten, aber er brauchte einen eindeutigen Beleg, um die ... Read more »

Tierische Freunde: 3 Sternzeichen können ohne Haustier nicht leben

© iStock / MMPhotography 3 Sternzeichen können ohne Haustier nicht leben Sei es eine Katze oder ein Hund, für manche Menschen gehört ein Haustier zum Leben dazu. Wenn auch du ... Read more »

A marketing executive who said he was fired because he was a white man was awarded $10 million in damages by a North Carolina jury

© Zipline The logo of Novant Health, where David Duvall worked. Zipline David Duvall sued Novant Health in 2019, saying he was fired in 2018 to boost diversity. Novant said ... Read more »

Brexit fishing rights row: what is the dispute about and what happens next?

Photograph: Sameer Al-Doumy/AFP/Getty Images For much of the year, British and French ministers have traded threats and accusations over post-Brexit arrangements for fishing waters. But the row now appears to ... Read more »

4th & Reckless launch A Life Less Ordinary collection with Elsa Hosk and we want it all

4TH & Reckless have revealed their new collection with influencer Elsa Hosk and we want it all. The chic and effortless collection; A Life Less Ordinary is available to buy ... Read more »

STMicro expects high chip demand to extend well into 2022

By Mathieu Rosemain PARIS (Reuters) – Franco-Italian chipmaker STMicroelectronics expects high demand for the group's wide range of semiconductors to extend well into 2022, its chief executive said, reassuring markets ... Read more »

Top UK Christmas markets for a festive weekend break – plus places to stay from £22pp

WITH Christmas markets cancelled last year due to lockdown, Brits will be out in force this festive season to make up for lost time. Major towns and cities all over ... Read more »

Priyanka Chopra turns cheerleader for Nick Jonas, shares pic from his concert

Priyanka Chopra told Nick Jonas that she is proud of him. Priyanka Chopra and Nick Jonas often share appreciation posts for each other. As Nick Jonas concluded his Remember tour ... Read more »

I ditched £2,000 worth of holidays and trips to help me save for £120k first home

TEACHER Rachel Smith ditched holidays, trips and nights out with mates to put £2,000 towards the deposit needed for her £120,000 first home. The 37-year-old outdoor enthusiast had to put ... Read more »

From Mercedes Benz to Range Rover Evoque: Kapil Sharma's expensive car collection

© Provided by Pinkvilla Popular comedian-actor Kapil Sharma is a well-known celebrity in the entertainment world. Today, he enjoys a massive fan following on social media. He has been hosting ... Read more »

'Bigg Boss Telugu 5': Big spat likely between Sree Rama Chandra, VJ Sunny

© IANS Bigg Boss Telugu 5. Hyderabad, Oct 28 (IANS) After an emotional nominations episode, ‘Bigg Boss Telugu 5’ housemates counter each other for the upcoming captaincy task. Though it ... Read more »

Kelly Ripa's son Michael steals the show in memorable TV appearance with family

© Provided by Hello! kelly-ripa-son-michael-rare-appearance Kelly Ripa‘s children have grown up on their mom’s daytime TV show, Live with Kelly and Ryan, and made many adorable appearances when they were ... Read more »

Tax rises and higher inflation to crimp UK living standards - IFS

© Reuters/HENRY NICHOLLS FILE PHOTO: A person stands on the London Bridge during the morning rush hour in London By David Milliken LONDON (Reuters) – Higher inflation and rising taxation ... Read more »

No Time To Die ending left Daniel Craig's James Bond co-star 'surprised'

WARNING: SPOILERS AHEAD FOR NO TIME TO DIE. Daniel Craig’s fifth and final James Bond movie has been out in cinemas for a month now. And interestingly one of his ... Read more »

Kate Middleton & William unlikely to meet Harry & Meghan at Earthshot Prize in US as they could ‘steal their thunder'

KATE Middleton and Prince William could be heading to the US next year, as they announced the next Earthshot Prize Awards will be held there.  The Duke and Duchess of ... Read more »

Monster who shot dead girlfriend then claimed she died playing Russian roulette is jailed for 30 years

A TWISTED man who shot his teen girlfriend in the head before claiming she died playing Russian roulette has been locked up for 30 years. Leonardo Pereira dos Santos, 31, ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic