On Wednesday, a committee of MPs said this debt should be cleared using energy network companies “excess” profits.
In a report, the Energy Security and Net Zero (ESNZ) Committee called it “completely inexcusable” that households were forced to choose between eating and heating while companies behind Britain’s gas pipes and power lines amassed huge profits. It said these profits should fund a debt relief scheme.
Those windfall profits were partly the result of high inflation, but Ofgem said that renegotiating price controls would bring extra costs to consumers that would outweigh the benefits.
Charlotte Friel, from Ofgem, said the growing amount of energy debt was a “significant challenge” for those in debt as well as for households that…