Energy prices: Government must show more urgency, says Ovo boss

Flames on gas hob

The government is showing “nowhere near enough urgency” in finding a solution to steep increases in gas and electricity prices, one energy boss has told the BBC.

Ovo’s boss Stephen Fitzpatrick predicts the rise in wholesale gas prices and its impact on people will be “an enormous crisis for 2022”.

The business secretary met with Ofgem and energy firms on Monday.

The government says it wants to make sure households are protected.

A spokeswoman for the Department for Business, Energy and Industrial Strategy said the meeting was “to discuss the ongoing effects of record high global gas prices on the sector”.

“Throughout the meeting there was discussion of the issues facing the sector and an agreement for meetings to continue over the coming days and weeks to ensure UK consumers are protected,” she said.

It is understood that representatives from the Treasury and Number 10 were also present.

Mr Fitzpatrick, who attended the virtual meeting, said his priority was for the government and the regulator to understand how critical the situation is.