LONDON: United Kingdom energy companies are seeking a massive government bailout as a surge in gas and electricity prices threatens to push suppliers out of business.
The UK government is set for a third day of emergency talks with the industry after Business Secretary Kwasi Kwarteng said small suppliers were under “pressure.” Now large suppliers are seeking a rescue plan to help them handle the cost of taking on the customers of smaller suppliers that may fail, according to two people familiar with the situation.
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