U.K. energy companies are seeking a massive government bailout as a surge in gas and electricity prices threatens to push suppliers out of business. The U.K. government is set for a third day of emergency talks with the industry on Monday 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. Our priority is to protect consumers. If a Supplier of Last Resort is not possible, a special administrator would be appointed by Ofgem and the Govt. The objective is to continue supply to customers until the company can be rescued or customers moved to new suppliers (3/7) — Kwasi Kwarteng (@KwasiKwarteng) September 19, 2021 In a first instance, if a company goes under, another […]