“Src =” Https://sthatikkindependntksiokuk/202l/09/20/02/4dea8cf0e346f8626cb27ab50eece8l8Y29udGVudHNlYXJjaGFwaSwxNjMyMTg4MDQy-2k6253582kjpg? “Ksiokuk / 2021/09/20/02 / 4dea8cf0e346f8626cb27ab50eece818Y29udGVudHNlYXJjaGFwaSwxNjMyMTg4MDQy-2k62538582kjpg? width=320&auto=webp&quality=75 320W, https://static.independent.co.uk/2021/09/20/02/4dea8cf0e346f8626cb27ab50eece818Y29udGVudHNlYXJjaGFwaSwxNjMyMTg4MDQy- 2.62538582.jpg?width=&640&>=auto Boris Johnson arrives in New York
Boris Johnson arrives in New York
After increasing wholesale costs by 70 percent in August alone, Business Secretary Quasi Quarteng will meet with gas industry bosses on Monday amid concerns over rising energy prices.
The minister, who has acknowledged it is a “worrisome time” for customers, spoke with regulator Offgame on Sunday, saying the public would be protected by the government’s energy price cap.
Boris Johnson also sought to reassure the public by saying he had “no doubt that supply issues will be easily addressed”.
However, there are fears that more small energy suppliers may fold after the recent closure of four firms.
Meanwhile, after the diplomatic fallout with France, the prime minister is in the US for talks with the leaders of the Quad group.
Emmanuel Macron recalled his country’s ambassadors to the US and Australia, after the latter backtracked on a $40bn submarine deal with France to develop nuclear-powered submarines with British and American technology.
Mr Johnson, who will visit the White House on Tuesday, has played down tensions, describing Britain’s love for France as “unforgivable”.
Quarteng to hold emergency energy talks
Trade Secretary Quasi Quarteng will meet energy industry leaders on Monday amid fears of rising gas prices.
The situation comes after a 70 per cent increase in wholesale prices in August, which has worsened since January.
The minister did not appoint a “special administrator”, which has been described as a temporary nationalization.
“Our priority is to protect consumers. If a supplier of last resort is not possible, a special administrator will be appointed by the offgame and the government,” Mr Quarteng said.
“The aim is to continue supplying customers until the company can be salvaged or customers can be transferred to new suppliers.”
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