Ofgem boss says gas price hike ‘far, far above’ forecasts and millions could be affected by companies going bust – live

Emma Pinchbeck, chief executive of supplier trade body Energy UK, told the Commons business committee, that the Government and Ofgem were warned as early as two years ago that the energy sector was fragile. She explained: I took this job a year ago. When I was hired, the chairman of Energy UK said that your biggest challenge is going to be the vulnerability of the retail market.

How about gas prices?

The towering intellect of George Eustice, there, currently sits round a cabinet table with a man who didn’t realise the importance of Calais as a port. And Truss. Let’s be honest, pretty much none of that cabinet understand diddly squat about NI either.

Is there any U.K. minister who understands any of it?

NI is it north of Watford?

Disagree

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Joe won’t fix the gas prices

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Source: The Independent - 🏆 80. / 59 Read more »

Energy price cap should ‘remain in place’, Ofgem and business secretary insistMr Kwarteng told MPs the cap saves 15 million households up to £100 a year Get the latest news and analysis on Israel and the Middle East
Source: The Independent - 🏆 80. / 59 Read more »