💨 Abstract

Ofgem is launching a relief scheme to wipe out energy debts for 195,000 households, funded by a £5 annual bill increase in 2027-2028, raising £500 million. The move aims to address a record £4.4 billion in unpaid energy bills, with average household debt at £1,716. The regulator plans to reform debt management to prevent future surges, targeting vulnerable households first.

Courtesy: Sarah Hooper