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Home News Media

‘Watt crisis?’ Newspapers react to UK gas emergency

Households bills are “set to soar” following significant rises in wholesale prices, and taxpayers could be called upon to 'prop up' the failing sector.

Jack Peat by Jack Peat
2021-09-20 07:49
in Media, News
Photo: PA

Photo: PA

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Business secretary Kwasi Kwarteng will hold a fresh round of crisis talks with the energy industry amid fears more small suppliers could go to the wall following a surge in gas prices.

Following a meeting on Sunday with the regulator Ofgem, Mr Kwarteng said “well-rehearsed plans” were in place to ensure consumers were not cut off in the event of further failures.

However, he is expected to come under pressure from the big suppliers for a major Government support package to help them through the crisis.

The Financial Times reports the UK’s largest energy suppliers are requesting billions in emergency support from the Government, with the i saying households bills are “set to soar” following significant rises in wholesale prices.

Just published: Front page of the Financial Times, UK edition, for Monday 20 September pic.twitter.com/Ehtt01IvY9

— Financial Times (@FinancialTimes) September 19, 2021

Monday's front page: Energy firms in gas crisis demand end to price cap#TomorrowsPapersToday pic.twitter.com/dVG2Fu4Zcc

— i newspaper (@theipaper) September 19, 2021

The Times says it will be taxpayers who have to pay for any “propping up” of the sector ahead of the predicted collapse of dozens of small suppliers.

Monday’s TIMES: “Taxpayers face bill for propping up energy firms” #TomorrowsPapersToday pic.twitter.com/YPcYOKXSDT

— Allie Hodgkins-Brown (@AllieHBNews) September 19, 2021

And the Metro asks “Watt crisis?” with reports that Cabinet minister Alok Sharma has played down the threat to energy users by saying there is “no immediate concern in terms of supply – we don’t see any risks going into winter”.

Monday’s METRO: “Crisis? Watt Crisis?” #TomorrowsPapersToday pic.twitter.com/4Uze1HAx4n

— Allie Hodgkins-Brown (@AllieHBNews) September 19, 2021

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