The business and energy secretary has told MPs it is premature to discuss setting up a bad bank for customers of failed energy suppliers because existing mechanisms to deal with the problem have not been fully utilised. But, pressed on reports that the government is examining the creation of a vehicle to pick up loss-making customers which surviving retailers are reluctant to take on, Kwasi Kwarteng said the government is planning for a range of contingencies.
Kwarteng insists energy safety nets have yet to be fully tested
