Energy price cap to stay, business secretary declares after crisis talks over gas price hike

Energy price cap to stay, business secretary declares after crisis talks over gas price hike

The energy price cap will remain in place, the business secretary has said, after he chaired crisis talks with industry figures over fears many could go under due to soaring wholesale prices for gas.

Kwasi Kwarteng said the measure "protects millions of consumers" and that he reiterated to those involved in the discussions "the need for us all to prioritise consumers".

"My task is to ensure that any energy supplier failures cause the least amount of disruption for consumers. Consumers come first," he wrote on Twitter.