The energy regulator should ease bill payers’ debt by using some of the £4 billion made by network firms in windfall profits, MPs have said.
In a report released on Wednesday, the Energy Security and Net Zero (ESNZ) Committee called it “completely inexcusable” that households are forced to choose between eating and heating while companies behind Great Britain’s gas pipes and power lines amass huge profits.
The UK faces an energy affordability crisis after electricity and gas prices soared from late 2021, driven by the reopening of economies after Covid and Russia’s invasion of Ukraine.
The cross-party group of MPs has been looking into how the Government can support bill payers as the first phase of its two-part…