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Energy debt reaches record £4.79 billion ahead of 13% price cap jump
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NEWSDECK ANALYSIS
The energy price cap, which is set by the regulator, is designed to protect consumers from excessive price increases, but it is adjusted periodically to reflect changes in wholesale energy costs. As a result, households may see their energy bills rise significantly when the price cap is increased, potentially exacerbating existing debt issues. The regulator's data on energy debt and repayment provides insight into the financial challenges faced by many households in managing their energy costs.
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Independent Business
Energy debt reaches record £4.79 billion ahead of 13% price cap jump
The number of accounts repaying debt has increased by 3% for electricity – to 852,000 – and by 4% for gas – to 710,000, the regulator said.
25 Jun, 14:36
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