Ince, one of the largest nitrogen fertilizer production facilities in the country, was closed due to high energy prices in the UK. The newspaper writes about it Telegramrefers to CF Fertilisers, which owns the business.
The publication reports that the company was unable to continue operating its plant in the suburbs of Chester, England, due to record high gas prices and environmental taxes.
As noted, a high probability of business closure could lead to disruption of UK food supply chains.
Former chairman of British energy regulator Ofgem Jonathan Brearley declarationHe said rising gas and electricity bills had become “a matter of life and death” for some in the UK.
He emphasized that he communicates regularly with customers and knows how difficult rising energy prices are for businesses and households.
Brearley said the market remains highly volatile and prices are expected to rise further this year. Ofgem has already announced a tighter scrutiny of energy suppliers in the retail market to see if an increase in direct debt is justified.
Brearley also said that the British energy market needs fundamental changes.
Gas prices in the UK rose 25 percent after Russian President Vladimir Putin’s order to convert gas payments into rubles. This decision followed the introduction of anti-Russian sanctions by a number of states, including the United Kingdom, in connection with the start of Russia’s special operation in Ukraine.