UK energy firms locked in emergency talks with government

Energy companies and the UK government are continuing crisis talks as rising energy prices and supplies going out of business threaten to put a squeeze on consumers in the coming winter. — Bloomberg

Energy companies and the UK government will hold a third day of crisis talks as a surge in gas and electricity prices threatens to put more suppliers out of business and squeeze consumers.

Business Secretary Kwasi Kwarteng warned Sunday that with suppliers under pressure, the government has a plan to put a special administrator in place in the event of companies’ failure. He’s convened a discussion with the energy industry on Monday to chart a path forward.