‘The enormous weight of household energy debt is crushing vulnerable households’
Energy regulator Ofgem announced that energy debt reached £2.6 billion – its highest ever level – due to a combination of the rise in wholesale energy prices, the energy crisis and wider cost of living pressures.
In response, 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.
“While industry and regulator-led support is welcome, Government must put in place additional targeted support and establish a Help to Repay scheme and an enduring social tariff.”
Read National Energy Action’s asks of the Chancellor ahead of the Autumn Statement https://www.nea.org.uk/wp-content/uploads/2023/09/NEA-2023-Autumn-Statement-Submission-final.pdf