UK Explores Payments to Energy Companies to Protect Customers From Soaring Prices, the FT Reports

--The U.K. government is exploring making payments to energy retailers to protect customers when wholesale gas prices rise sharply, the Financial Times reports.

--Businesses would have to return the money when prices trade below an agreed level.

--The proposal is being promoted by energy companies and is described by the government as "plausible" and "logical", the FT says.

Full story: https://on.ft.com/3GDQEmB

Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT

(END) Dow Jones Newswires

01-18-22 0204ET