--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 jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

January 18, 2022 02:04 ET (07:04 GMT)

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