Ofgem said it planned to ‘reset and reform’ the situation
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 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.
Currently £52 is added to 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 said it expects to write off up to £500 million of historic debt built up during the recent energy crisis, in…