“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…
Ofgem: £500m energy bill debt to be written off for customers Energy Live News Read the original article here
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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 The first phase will look at those on means-tested benefits(Image: Yau Ming Low via Getty Images) Up to £500 million of household energy bill debt is set to be wiped clean…
New ‘reset’ scheme set to help 195,000 people in energy debt Surrey Live Read the original article here
Ofgem said it planned to ‘reset and reform’ the situation Steven Smith Content Editor 06:45, 30 Oct 2025 Plans have been announced(Image: John Lamb via Getty Images) Up to £500 million of household energy bill debt is set to be written off as part of a new relief scheme, the energy regulator has announced. Watchdog…