A cross-party group of MPs has criticised Ofgem’s plans to tackle growing household bill debt as “completely inadequate”.
The energy regulator announced that up to £500 million in debt will be paid off through bill increases spread across millions of UK households.
The UK faces an energy affordability crisis after electricity and gas prices soared from late 2021, driven by the reopening of economies following the pandemic and Russia’s invasion of Ukraine.
Household energy debt has surged to £4.43 billion, Ofgem figures showed last month – a record…