More suppliers are likely to fail and "further action" may be required to support the market as Russia's invasion of Ukraine pushes gas prices even higher, Energy UK has warned Rishi Sunak. In a letter to the chancellor of the exchequer, sent ahead of the Treasury's Spring Statement on 23 March, the trade association’s chief executive Emma Pinchbeck said the energy industry "cannot absorb the costs of the crisis alone".
Energy UK warns industry cannot absorb crisis costs
