Struggling households could see their energy debts wiped clean early next year under plans announced jointly by the government and Ofgem.
Designed to assist households “in genuine financial need”, the Debt Relief Scheme aims to address the £2.47 billion in arrears accumulated during the height of the energy crisis between 2022 and 2024, according to the regulator.
The regulator estimates that as many as 2.4 million consumers who are unlikely to repay their outstanding balances could be eligible for help.
Expanding upon earlier drafts, the initiative will be rolled out in a single phase, extending eligibility to pensioners, individuals receiving disability benefits, and households claiming…