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Ofgem Unveils Major Energy Debt Relief Plan For 2026

Key Points

Ofgem announced a plan to write off up to £500 million of energy debt for nearly 200,000 vulnerable UK households with debts over £100 accrued between April 2022 and March 2024.
The debt relief will be funded by adding approximately £5 to annual energy bills from 2027, increasing costs for all UK energy consumers.
Critics urge energy network companies to fund the scheme using their excess profits, but Ofgem insists on quick action funded by consumers to avoid raising other costs.

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Category: Debt HelpBy Editor October 31, 2025

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