"Up to half a billion pounds of household energy bill debt is set to be written off as part of a new relief scheme, the energy regulator has announced. Ofgem, the energy watchdog, plans to "reset and reform" the UK's escalating energy debt, a burden currently adding pressure to all household bills. Under the existing price cap, an annual charge of 52 is levied on household energy bills as a debt allowance, designed to cover unpaid energy debts that are ultimately written off."
"The regulator confirmed that a final consultation on the first phase of its debt relief scheme is set to be published shortly. Figures published by Ofgem last month showed that the money owed to suppliers by households in England, Scotland and Wales surged to a new record high of 4.4 billion by the end of June. The average debt for people who do not have a repayment plan with their provider currently stands at about 1,716 per hou"
Journalists continue to be deployed to cover major issues including reproductive rights, climate change and technology, with funding enabling reporting from multiple perspectives and avoiding paywalls. Support finances investigative work such as probing political PACs and producing documentaries on reproductive-rights activists. Ofgem plans to reset and reform escalating household energy debt by writing off up to £500 million of historic debt, a move expected to help about 195,000 people. A final consultation on the first phase will be published shortly. Household energy debts reached a record £4.4 billion by end of June, with average unsecured debt around £1,716.
Read at www.independent.co.uk
Unable to calculate read time
Collection
[
|
...
]