Britain's energy regulator Ofgem announced plans on Thursday to tackle 4.4 billion pounds ($6 billion) of debts built up by customers, which are driving up bills for millions of households. Unrecovered energy debt is spread across all consumer bills, adding 52 pounds, or around 3%, to the current price cap of 1,755 pounds a year for average use. Ofgem said it will shortly publish a debt relief scheme which seeks to write off 500 million pounds of debt, helping around 195,000 of the most vulnerable customers. The scheme would be funded by a levy on other bill payers and is expected to add around 5 pounds to bills for one year from 2027/28, Ofgem said.
"We must protect consumers by striking the right balance between making sure those that can pay are supported to do so, and targeting suppor

Devdiscourse

New York Post
Page Six
Press of Alantic City Business
Plano Star Courier Sports
Edmonton Sun World