A meeting held yesterday failed to find a solution to what one industry leader has described as an “enormous crisis” as an industry riven by bankruptcies - around two dozen energy suppliers driven out of the market since August - has warned of an “enormous crisis” in 2022.
Still, despite dire statements from industry leaders, no agreement was reached yesterday. The failure to secure a way forward will pile pressure on the government amid fears that another major supplier could topple as wintry weather and limited supplies in the UK and Europe could force gas prices even higher.
A government spokesperson said that the meeting between large energy suppliers and Ofgem concluded with an agreement to keep talking to ensure “UK consumers are protected” against a backdrop of rising gas costs.
Suppliers claim that even with well-hedged portfolios, aimed at insulating themselves from price hikes, they are still partially exposed to the sharp rise in wholesale gas prices.
Denne historien er fra December 28, 2021-utgaven av The Independent.
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Denne historien er fra December 28, 2021-utgaven av The Independent.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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