Energy suppliers and customers are facing mounting costs thanks to the rocketing price of gas. Heavy demand, particularly from China, combined with low storage in Europe has meant scarcity, which has driven up prices.

In the UK, where residential energy customers benefit from a price cap, many smaller energy suppliers have gone out of business finding themselves unable to pass on rising prices to end customers. These seemingly unprofitable end customers have now been passed to the big suppliers — those big enough to rely upon capital markets for funding.

This week, GlobalCapital looks at what that means in capital markets both for the big energy suppliers and what it tells us about something everyone in financial markets is thinking about: the future path of inflation.