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Energy bosses to meet Kwasi Kwarteng in attempt to avert ‘enormous crisis’

Ovo boss says government has shown ‘nowhere near enough urgency’ in the face of soaring wholesale prices

Energy bosses in the UK are to hold emergency talks with the government after record high gas prices last week refuelled calls for an urgent intervention to avert “an enormous crisis” next year.

The business secretary, Kwasi Kwarteng, is expected to lead the virtual meeting on Monday to address fears that the winter energy crisis may escalate after new price highs across Europe last week.

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