Are higher energy bills here to stay?

Ofgem chief warns that more suppliers may fail amid soaring gas prices

Gas hob flame
(Image credit: David McNew/Getty Images)

Sky-high gas prices may prove to be more than a blip as energy shortages drive more suppliers out of business in the coming months, the head of Ofgem has warned.

Jonathan Brearley, chief executive of the energy regulator, told MPs yesterday that the number of customers affected by a surge in natural gas prices was already in the “hundreds of thousands” and could increase to “well above that”.

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