Business Secretary Kwasi Kwarteng holds crunch talks with energy bosses as gas and electricity prices soar – By Sophie Morris (Sky News) / December 27, 2021
More than 26 energy suppliers have gone bust since prices started to spike in September. Nearly four million customers have been affected.
Business Secretary Kwasi Kwarteng has held meetings with energy bosses today to address rapidly rising gas and electricity prices.
Mr Kwarteng met with the bosses of major energy suppliers who, it is thought, asked the government for tax cuts and the relaxation of green levies.
Last week, the industry’s trade body Energy UK warned bills could increase by a further 50% without government intervention.
And one energy boss has predicted the rise in wholesale gas prices will equate to “an enormous crisis for 2022”.
