Rees-Mogg accused of grabbing absolute power over UK energy industry

Suppliers raise concerns that energy prices bill contains proposals for ministers to overrule independent regulator, Ofgem

The business secretary, Jacob Rees-Mogg, has been accused of launching a power grab" as new legislation proposes to hand sweeping control over the energy industry to the government.

The government last week introduced the energy prices bill to parliament to formalise the energy price guarantee, Liz Truss's flagship policy to reduce household bills by limiting the cost of electricity and gas for two years.