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The government is not showing enough urgency in finding a solution to the steep increases in gas and electricity prices, an energy boss has told the BBC.
Stephen Fitzpatrick thinks the rise in gas prices will be an enormous crisis for 2022.
The business secretary is going to meet regulators later.
The government wants to make sure consumers are protected.
The main concern was how consumers would be supported through price increases.
He said that they have watched as energy prices have spiked, fallen back and spiked again.
Millions of customers have been forced to change suppliers due to more than 30 bankruptcies in the sector.
The cost to the consumer has grown. The government and the regulators have not taken any action. There is an acceptance that there is a problem, but not enough time to find a solution.
Wholesale gas prices have gone up in recent months. They hit a new record of 450p per therm last week, which experts think will mean an average annual gas bill of around £2,000 next year.
Energy UK warned on Thursday that bills could go up by 50% unless the government intervenes.
More than 20 energy companies have collapsed since the wholesale price of energy went up. Four million customers have been affected.
The meeting between Business Secretary Kwarteng and the bosses of leading energy companies and Ofgem is scheduled for Monday.
The price cap set by Ofgem protects consumers from big rises in wholesale costs. The cap is due to change in April.
Labour wants the government to use the money raised through higher than expected VAT receipts to cut household energy bills.
Labour wants the government to remove VAT from household heating bills over the winter.
She said that we need a sustainable and ambitious approach to energy.
The Energy Price Cap, which protects consumers from record global gas prices, is something the government will continue to work on.
Ofgem.
The industry of energy.
Kwarteng is named Kwasi.
