Millions of households in the United Kingdom could have their energy debts wiped away under a proposed relief scheme — provided they work with suppliers to manage future bills and avoid falling behind again.
Here’s what to know
The government and energy regulator OFGEM announced the plan to cut £2.47 billion ($3.31 billion) in unpaid bills accumulated during the 2022-24 energy crisis, according to The Independent. The Office of Gas and Electricity Markets estimated that up to 2.4 million consumers could qualify, with a focus on those whose outstanding debts were considered unlikely to be repaid.
Relief would be reserved for households in financial need. Households receiving means-tested assistance, pensioners, and…