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Thousands of families face losing £140 during the UK’s gas crisis

Thousands of vulnerable customers could lose £140 warm home discount if their energy firm collapses.
Uswitch has warned hard-up and cash strapped customers could lose over one hundred pounds in discounts.
Ofgem is responsible for finding punters new su…

Thousands of vulnerable customers could lose GBP140 warm home discount if their energy firm collapses. Uswitch has warned hard-up and cash strapped customers could lose over one hundred pounds in discounts. Ofgem is responsible for finding punters new suppliers - and there is no legal requirement for suppliers to offer the discounts.

READ MOREFirst Dates speechless over Birmingham doctor Abi's specialist field Any support for large energy companies taking on customers from those which collapsed will not be "a blank cheque". Business Secretary Kwasi Kwarteng told BBC Breakfast: "Any support for those larger companies will be in terms of working capital, will be a loan, it won't be just a grant, it won't be just a blank cheque.

"It will be something where - if we do have this facility, if we do have this policy - they will be expected to pay back the loans, whereas in the case of a bailout, that's what it is. It's just a bailout where you grant money, taxpayers' money, and the taxpayer doesn't see any return from that." Stay up-to-date with the very latest from your street with our Birmingham News Email Updates.

And Mr Kwarteng did not rule out the energy price cap rising in April next year. Speaking on BBC Breakfast, he was asked whether the cap could rise again once the current period expires, and he said: "There are always fears that the price cap may go up, but, of course, it can also go down. "We don't know, frankly, what the gas price is going to be in six months' time."

He said: "I'd love to be able to inform you six months ahead of time what the energy prices will be. "All I'm saying is that we are going to have a cap, we're not going to go back to the world where a few ... companies essentially can set whatever fees they want, whatever prices they want. That's not something that I want to see again."

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