U.K. Energy Firms Locked In Emergency Talks With Government
- U.K. considers appointing special administrator to coordinate
- Seven U.K. energy suppliers have gone out of business in 2021
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Energy companies and the U.K. government will hold a third day of crisis talks as a surge in gas and electricity prices threatens to put more suppliers out of business and squeeze consumers.
Business Secretary Kwasi Kwarteng warned Sunday that with suppliers under pressure, the government has a plan to put a special administrator in place in the event of companies’ failure. He’s convened a discussion with the energy industry on Monday to chart a path forward.