LONDON (Oct 10): Kwasi Kwarteng has said there are no bailouts on the cards for struggling UK energy companies, and that the government will retain its price cap to insulate consumers from surging wholesale gas prices. "We expect more [energy] retailers to go out of business, yes," Emma Pinchbeck, chief executive officer (CEO) of the trade association, Energy UK, said on Sky. Kwarteng said keeping in place the UK's current energy price cap for consumers is "non-negotiable". "I can't say it enough times, that the price cap is staying," he said on Sky News. Energy-intensiveThe energy price cap, which is adjusted twice a year, protects households to some extent, but large factories are more exposed.
