LONDON, Sept 20 — The UK government held an emergency meeting with energy and consumer groups today as the country experiences record gas prices that threaten households with huge bills and suppliers’ futures.
Faced with a fast-moving situation, Britain’s Business Secretary Kwasi Kwarteng was holding a roundtable with the energy industry and consumer groups. “We’ve got to try and fix it as fast as we can, make sure we have the supplies we want, make sure we don’t allow the companies we rely on to go under. We’ll have to do everything we can,” British media reported him as also saying.
Wholesale prices for gas have rocketed 70 per cent since August, adding to already strong inflation as economies reopen after pandemic lockdowns.Many small energy providers have emerged in the UK market over recent years, grabbing large amounts of customers from established players such as British Gas.
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