Markets rally as Evergrande fears ease; CO2 prices to rise sharply – business live | Business

0
29

The CEO of energy regulator Ofgem has told MPs that more energy firms are likely to stop trading due to the energy price surge.

Jonathan Brearley told the Business, Energy & Industrial Strategy Committee that Ofgem is planning for any eventuality, and that there is a lot of pressure on the sector right now due to the jump in energy prices.

Q: What gives the prime minister the confidence to say this will be a temporary issue?

Brearley says history shows that price spikes do go away. But that’s not something Ofgem would rely on – it has to plan for a whole range of scenarios.

Business, Energy and Industrial Strategy Committee
(@CommonsBEIS)

This morning from 10:30 we’re talking to @ELPinchbeck, @Ofgem, @NEA_UKCharity and, from 11:30, Secretary of State @KwasiKwarteng about issues affecting the UK Gas Market.

📺 Watch live https://t.co/ITOMXgkBkphttps://t.co/nVVfv9Jblg


September 22, 2021

Q: How significant is the…

Read more…