Watchdog Ofgem said it is planning to “reset and reform” the UK’s growing pile of energy debt, which has added pressure to all household bills. Currently £52 is added to annual household energy bills under the current price cap via a debt allowance to cover energy debts that are never paid and have to be…
Watchdog Ofgem said it is planning to “reset and reform” the UK’s growing pile of energy debt, which has added pressure to all household bills. Currently £52 is added to annual household energy bills under the current price cap via a debt allowance to cover energy debts that are never paid and have to be…
Watchdog Ofgem said it is planning to “reset and reform” the UK’s growing pile of energy debt, which has added pressure to all household bills. Currently £52 is added to annual household energy bills under the current price cap via a debt allowance to cover energy debts that are never paid and have to be…
Britain’s energy regulator, Ofgem, has unveiled a strategic plan to tackle the alarming £4.4 billion in unpaid energy debts that are pushing millions of household bills to unsustainable levels. As unrecovered debts add an extra £52 to current bills, Ofgem is preparing to roll out a £500 million debt relief scheme to alleviate the…
On Wednesday, a committee of MPs said this debt should be cleared using energy network companies “excess” profits. In a report, the Energy Security and Net Zero (ESNZ) Committee called it “completely inexcusable” that households were forced to choose between eating and heating while companies behind Britain’s gas pipes and power lines amassed huge profits.…
Kevin PeacheyCost of living correspondent Getty Images Nearly 200,000 people on benefits could have their debts to their energy supplier cancelled, if they make some effort to pay what is owed. Unpaid bills and fees have soared in recent years with energy prices so high, leaving a record £4.4bn owed to suppliers. Up to £500m…
Up to £500 million worth of energy debt could soon be written off thanks to a new Debt Relief Scheme proposed by Ofgem, as the regulator attempts to bring down £4.4 billion of debt in the energy system. If implemented, Ofgem says the scheme could help around 195,000 customers deal with historical debt built up…
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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 Up to half a billion pounds of household energy bill debt is set to be written off as part of a new relief scheme, the…
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 The energy regulator, Ofgem, has unveiled a new relief scheme poised to write off as much as £500 million in household energy bill debt. The…