Ofgem could write off £500m of energy debt for 195k households

Up to £500 million worth of energy debt could soon be written off thanks to a new Debt Relief Scheme proposed by Ofgem, as the regulator attempts to bring down £4.4 billion of debt in the energy system.

If implemented, Ofgem says the scheme could help around 195,000 customers deal with historical debt built up during the 2022 energy crisis and its aftermath.