More fundamentally, we’re concerned that the relief scheme is just one part of what’s needed to tackle the problem of people simply not being able to afford their energy bills. Alongside much-needed debt write-off, we also need to see a driving up of debt collection standards, as well as an appropriate form of social tariff…
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Up to £500m in energy bill debt is to be cancelled by regulator Ofgem as it aims to tackle record levels of arrears. As many as 195,000 bill payers could be helped by the write-off in the first part of Ofgem’s proposals to reduce debt and prevent it rising to such highs again. Only a…
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Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email As much as £500 million of energy debt is set to be paid off as millions of UK households face an additional £5 charge on…
For more information and interviews contact Toby Murray on +44 (0)300 040 0011 Ofgem has announced the first phase of its scheme to address the record £4.4bn energy debt that has built up over the cost of living crisis. Anyone on means-tested benefits, who built up energy debt of more than £100 between April 2022…
“We know the growing amount of debt in the energy system is a significant challenge – for those that are living with the significant stress of being in debt, for households that ultimately face higher costs on their bills to cover the debt that can’t be recovered, and for the industry that is limited in…
Up to £500 million of energy bill debt is to be paid off through bill increases spread across millions of UK households, the energy regulator has said. UK households are set to face a £5 increase in their annual energy costs to help cover the costs of energy debt that will be written off because…
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Ofgem has announced a new plan to tackle the growing crisis of energy debt through a new Debt Relief Scheme (DRS). The regulator has confirmed the first phase of the scheme will write off up to £500 million of historic debt built up during the energy crisis, with total energy debt across the UK now…