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.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Ottawa tornado

tornado ottawa, Tornado

Blazes erupt across California as state bakes in scorching heat

Seven firefighters hospitalized, with extreme temperatures expected to last through Labor Day…

BUSINESS LIVE: Energy price gap rises; Virgin Money profits slump; Jet2 sales soar

The FTSE 100 is up 0.2 per cent in early trading. Among…