Government would rather protect households than prop up struggling companies, says industry source
The majority of the UK’s small energy suppliers could be left to collapse this winter, the Guardian understands, as the government’s crisis talks focus on protecting households rather than bailing out struggling companies.
The business secretary, Kwasi Kwarteng, was due to meet with the industry regulator on Sunday to thrash out possible options to intervene in the energy market following a recent run of supplier collapses due to a record rise of global gas and electricity prices.
Continue reading…
