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Energy price cap should ‘remain in place’, Ofgem and business secretary insist

Energy price cap should ‘remain in place’, Ofgem and business secretary insist
Mr Kwarteng told MPs the cap saves 15 millions de foyers jusqu'à 100 £ par an

The government and energy companies have agreed that an energy price cap should “remain in place” during crisis talks to find a solution to surging gas costs.

Secrétaire d'entreprise Kwasi Kwarteng held a meeting with the industry before announcing to the Commons that ministers would not be bailing out energy firms and that the energy price cap would be “staying”.

Dans une déclaration commune publiée tard lundi soir, Mr Kwarteng and Ofgem chief executive Jonathan Brearley confirmed they had taken a unified position over the price ceiling continuing.

“Central to any next steps is our clear and agreed position that the energy price cap will remain in place," ils ont dit.

M. Kwarteng avait précédemment déclaré aux députés que le plafond sauve 15 millions de foyers jusqu'à 100 £ par an, ajouter: “It’s not going anywhere.”

The energy price cap, following a review in August, is already set to rise. From October 1, those on default tariffs paying by direct debit face an increase of £139, rising from £1,138 to £1,277.

Prepayment customers will see a higher increase of £153, taking their annual bill from £1,156 to £1,309, according to Ofgem data.

Research from the Resolution Foundation has warned that this price hike combined with the planned £20 cut to Universal Credit payments will cause a “cost of living crunch” for lower income families.

The uplift in Universal Credit payments is scheduled to end on 6 octobre. Downing Street has previously said the cut will go ahead.

The crisis has been sparked by surging wholesale gas prices which have increased by 250 pour cent depuis janvier.

The rise in prices has been blamed on multiple factors, dont un hiver froid qui a épuisé les stocks, forte demande de gaz naturel liquéfié en provenance d'Asie et réduction des approvisionnements en provenance de Russie.

Addressing MPs, Cabinet minister Mr Kwarteng said there needed to be an acceptance that gas prices “could be high for longer than people anticipate”.

But he called fears of a three-day working week “alarmist”, ajouter: “There is absolutely no question of the lights going out or people being unable to heat their homes.”

Energy suppliers are understood to be privately talking to the Government about backing loans or a “bad bank”’ style solution to a potential collapse in dozens of energy companies.

The hike has caused fresh problems for supermarkets already dealing with a lorry driver shortage as warnings emerged about the potential for shortages on the shelves as the knock-on effect of the gas price rise ripples through the economy.

Les producteurs ont averti que l'approvisionnement en viande, la volaille et les boissons gazeuses pourraient toutes être touchées en raison d'une pénurie de dioxyde de carbone.

It follows the shutting down of two large fertiliser plants in Teesside and Cheshirewhich produce CO2 as a by-productwith the owners citing the increase in gas prices.

Rapports supplémentaires par l'AP