Ofgem has rejected calls from MPs to force energy companies to write off £1 billion of customer debt after intense energy industry lobbying, DeSmog can reveal.
In October, MPs sitting on the Energy Security and Net Zero Committee told the regulator that excess returns made by the industry from soaring energy prices since 2021 should be used to fund a debt relief scheme.
The recommendations were also backed by Citizens Advice, which said that energy network operators had a “social obligation to contribute to alleviating the hardship of those affected by the cost of living crisis” after having “made genuine windfall profits” during the energy crisis.
Last week, Ofgem rejected the committee’s proposal, writing…