Energy industry to hold crisis talks with government as supplier Bulb seeks bailout amid gas price hike

On Sunday, following a meeting with Ofgem, Mr Kwarteng said"well-rehearsed plans" were in place to ensure consumers were not cut off in the event of further failures.

The Financial Times reported the industry wants the creation of a so-called"bad bank" to absorb unprofitable customers from firms that fail.Meanwhile, Britain's supply chain problems could last for months, the prime minister has warned. "The guy ropes are coming off Gulliver and it's standing up, and it's going to take a while, as it were, for the circulation to adjust," the prime minister said.Asked whether the shortages could last for months, the prime minister said:"It could be faster than that, it could be much faster, but there are problems as you know with shipping, with containers, with staff - there are all sorts of problems.

Is that why you let ofgem remove the cap on price. Ofgem needs to go all they have done is allow energy companies to do what they want. Yet another Tory cock up.

A complete and utter lie!

Global…what utter nonsense.

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Business Secretary claims Britain will avoid energy emergencyKwasi Kwarteng said he did 'not expect supply emergencies this winter' as he prepared for talks with chief executives of the UK's largest energy suppliers to discuss the global gas situation today. 'rigging gas prices' - Nordstream 2 is completed but not supplying yet it is Germany holding up the process and the gas is much cheaper than LNG from the US so it is the West that has caused it's own problems zero to do with Russia! 🙃 How about you talk about this?
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