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U.K. Suppliers Fail; Greece Sounds Alarm: Energy Update

Energy Infrastructure As U.K. Warns of Challenging Few Days
Photographer: Chris Ratcliffe/Bloomberg
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Two more U.K. energy suppliers collapsed under the strain of surging energy costs, increasing the number of households caught up in the failures to 1.5 million, as Business Secretary Kwasi Kwarteng said the country should be prepared for higher prices in the longer term.

In the European Union, several members are calling for energy to be discussed at next month’s leaders’ summit, as talks on Wednesday that were meant to be about the transition to clean energy were hijacked by the crisis. The EU needs to intensify its power-saving efforts and expand use of renewable energy, Energy Commissioner Kadri Simson said.