Energy regulator Ofgem announced plans to host a consultation to examine how it can protect the energy market after summer figures revealed that energy debt reached a record £2.6 billion. The debt has mainly been influenced by soaring wholesale prices and cost of living pressures.
National Energy Action chief executive Adam Scorer, says: “The enormous weight of household energy debt is crushing vulnerable households. Government cannot just look the other way and hope for the best. This is the highest level of energy debt we have seen, it is growing quickly and concentrated in the poorest households. Energy bills are now on average £800 per year higher than they were at the start of the energy crisis.
Meanwhile, Citizens Advice chief executive Dame Clare Moriarty said people are still struggling to keep up their energy bills which will be compounded by any further increases. He said: "Even before winter hits we’re helping more people who can’t keep up with their energy bills than ever before. Worryingly, more households are running up energy debts during the warmer months, with some having to borrow money to try and keep the lights on.
“All this time, energy firms have continued to profit from the misery of people racking up debt and living in cold damp homes. Rather than pass on more increases to energy bills, the Government needs to work with energy firms to introduce a ‘help to repay’ scheme to help get Britain’s households back on to an even keel.”
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