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
Up to £500 million of household energy bill debt is set to be wiped clean as part of a new relief scheme, announced by the energy regulator. Ofgem, the watchdog, has plans to “reset and reform” the UK’s mounting pile of energy debt, which has been piling pressure on all household bills.
At present, an extra £52 is tacked onto 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 written off. Ofgem revealed it expects to write off…