U.K. Gives Itself 3 Months to Find Fix for Energy Price Rise (2)

The U.K. government is giving itself until April to find a solution to soaring gas prices since that’s when consumers would start feeling the bite of a new cap on utility bills.

Energy regulator Ofgem is due to announce a new limit for some tariffs on Feb. 7, but ministers believe they have a couple more months to gauge whether any assistance is needed to help alleviate the impact, according to a person familiar with the matter who asked not to be identified because the discussions are private.

Business Secretary Kwasi Kwarteng met with utility bosses Wednesday. The measures under ...