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Energy bosses to meet Kwasi Kwarteng in attempt to avert ‘enormous crisis’
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Energy bosses will hold emergency talks with the government on Monday after record high gas prices last week refuelled calls for an urgent intervention to avert “an enormous crisis” in the year ahead.
The business secretary, Kwasi Kwarteng, is expected to lead a virtual meeting of energy company chief executivesto address fears that the ongoing winter energy crisis may escalate following new price highs across Europe last week.
Stephen Fitzpatrick, chief executive of energy supplier Ovo, told the BBC there had been “nowhere near enough urgency” from the government, even as soaring wholesale costs threatened “an enormous crisis for 2022”.
Gas prices surged last week to 450p a therm, around nine times higher than a year ago, surpassing the
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