Banks in Talks With UK Regulator About Loans for Energy Providers, FT Reports
January 07 2022 - 4:14AM
Dow Jones News
--NatWest Group PLC and Barclays PLC are in talks with
regulators to provide loans to U.K. energy suppliers, the Financial
Times reports, citing unnamed sources.
--The money would allow energy firms to spread out the costs of
taking customers from failed peers, partially reducing a potential
big increase in bills, according to the newspaper.
--The loans proposed by U.K. energy watchdog Ofgem could save
customers around GBP70 this year as costs would be spread over an
extended period, the FT reports.
Full story: https://on.ft.com/34yzqJv
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
January 07, 2022 03:59 ET (08:59 GMT)
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