Business secretary in meetings with industry representatives as ex-head of Ofgem warns bills likely to remain high for rest of year
The government has said energy security is “an absolute priority” as the business secretary, Kwasi Kwarteng, prepared to hold talks with energy industry representatives over concerns about a rise in wholesale gas prices.
Kwarteng will speak to chief executives from energy suppliers and operators on Saturday to discuss the extent of the impact of surging prices, which have been blamed on high global demand, maintenance issues and lower solar and wind energy output.
Continue reading…