Energy crisis continues as households trapped in £4.79BILLION debt with bill hike only days away
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Energy crisis continues as households trapped in £4.79BILLION debt with bill hike only days away.
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Energy debt owed to suppliers across Britain has climbed to an unprecedented £4.79billion, marking a five per cent rise compared with the previous quarter, according to figures released by Ofgem.The regulator's data reveals that combined debt and arrears throughout England, Wales and Scotland have surged by 15 per cent over the past 12 months.These troubling statistics arrive just days before households face another financial blow, with Ofgem's price cap set to increase by 13 per cent from July 1.
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The quarterly data covers customers who have been in arrears for longer than three months..The number of electricity accounts with ongoing debt repayments has grown by 3 per cent to reach 852,000, whilst gas accounts in similar circumstances rose by 4 per cent to 710,000.For customers who have established formal repayment arrangements, average electricity debt now stands at £828, representing a four per cent increase, with gas debt averaging £679 following an identical percentage rise.Those...
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