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The Bunker – News without the nonsense

Daily: Power To The People - Inside the Energy Crisis

The Bunker – News without the nonsense

Podmasters

News, Government, Politics, Society & Culture

4.61K Ratings

🗓️ 26 September 2021

⏱️ 29 minutes

🧾️ Download transcript

Summary

With gas prices soaring, and energy companies going bust, is it time for the Government to intervene? And while the Business and Energy Secretary described events as a “perfect storm”, how much of that storm was warned about, and even self-inflicted? Former energy trader and co-founder of one of the UK’s largest green energy suppliers, Amit Gudka tells Alex Andreou why Britain is so exposed to volatile prices, what the Government should be doing to solve the crisis, and if Brexit is to blame. “This is a sector where there have been very low margins for a while, putting a cap on prices only increases the pressure.” - Amit Gudka “If you nationalise the supply sector, with the UK being a net importer of gas, you do put yourself at risk to global price rises.” - Amit Gudka “Moving investment into batteries is the big challenge, but it’s also a big opportunity.” - Amit Gudka Presented by Alex Andreou. Produced by Andrew Harrison. Assistant producers: Jelena Sofronijevic and Jacob Archbold. Music by Kenny Dickinson. Audio production by Alex Rees. THE BUNKER is a Podmasters Production Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

My name is Stan. I'm at. Nice to meet you. So you took up photography where? I've always loved

0:05.5

photography but I turn it into earning a living at 60. I enrolled on a day course.

0:11.8

Well college. I loved going to college. It's good you can retry. I'm enrolled on the day course. But college?

0:13.0

I loved going to college.

0:14.0

It's good you can retrain and do something.

0:16.0

Yeah, yeah.

0:17.0

Let's talk about working, learning, saving and making the most of living longer.

0:22.0

Phoenix Group is the UK's largest long-term savings and retirement business.

0:28.0

Search Phoenix Group living longer.

0:30.0

Pets brings so much joy.

0:32.0

From those happy greetings at the door to the warm cuddles on the sofa

0:36.7

so give a little love back with dental life from Purina a range of delicious chues made for dogs and tasty snacks for cats that help clean and support your pets, teeth and gums, essential for their overall well-being and a happy, healthy life. They give you plenty of smiles so

0:55.3

look after theirs with dental life. Pick up dental life in the pet food aisle. Hello and welcome to the bunker daily I am your host Alex Andro. A nation that can't control its energy sources

1:16.1

can't control its future once wrote a young Barack Obama. If that Maxim

1:21.2

holds then the post Brexit era sold to the nation as taking back control,

1:26.0

has fallen at the first hurdle.

1:28.0

Energy companies are going under on a weekly basis, others warning that government intervention is all but inevitable.

1:34.0

Gas prices are soaring and the UK has to pay more for its electricity than any comparable nation.

1:40.0

Petrel suppliers have to stagger deliveries and close selected forecorts for lack of delivery drivers,

1:46.0

and long-term forecasts are predicting a particularly long and cold winter.

1:51.0

The Secretary of State for Business Energy and Industrial Strategy has described it as a perfect

1:56.0

storm. But how much of that storm was predicted and warned about and how much of it was even self-inflicted.

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