The government are in crisis talks with energy companies as they are calling for a multi billion-pound bailout as gas prices have soared by 70% in a month and 250% since January.
Dozens of gas and electricity firms could collapse prompting fears taxpayers could end up footing the bill.
Emergency meeting with energy suppliers are to take place today with the Business Secretary Kwasi Kwarteng as the firms are calling for government support throughout the winter.
Kwarteng met with the regulator Ofgem on Sunday and said there are โwell-rehearsed plansโ in place to prevent customers being cut off.
The Prime Minister Boris Johnson told reporters, โItโs like everybody going back to put the kettle on at the end of a TV programme, youโre seeing huge stresses on the world supply systems.โ
Johnson added, โI have no doubt that supply issues will be readily addressed.
โWeโre very confident in our supply chains.
โBut in the meantime, we will make sure we work with all the gas companies to do whatever we can to keep peopleโs supplies coming, to make sure they donโt go out for business, and to make sure we get through the current difficult period.โ
Experts have predicted that by the end of the year there could only be between six and 10 companies left as four firms collapsed over the summer.
Kwarteng said, โOur priority is to protect consumers.
โIf a supplier of last resort is not possible, a special administrator would be appointed by Ofgem and the government.
โThe objective is to continue supply to customers until the company can be rescued or customers moved to new suppliers.โ
This could have a knock-on-effect for the food industry as the UKโs largest poultry supplier has warned there will be a meat shortage within two weeks.
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