UK Energy Regulator To Reassess Price Caps As Debt Mounts ...Middle East

Households will be on the hook for Ofgem’s plans to stabilise the energy sector, with the regulator considering a rise in energy bills to reduce the risk of suppliers going bust. Ofgem is concerned over rising bad debt across the industry, which climbed to a whopping £2.6bn this summer – its highest ever level – due to a rise in wholesale energy prices and a cost of living squeeze on consumers. It is now considering whether to add a one-off levy to the price cap to reduce the risk firms from unrecoverable debt, at a cost…

Hence then, the article about uk energy regulator to reassess price caps as debt mounts was published today ( Thursday 12/10/2023 - 10:12 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( UK Energy Regulator To Reassess Price Caps As Debt Mounts )

Also on site :

• Ravelin Defense Launches Unified Brand Identity, Marking the Completion of ArmorWorks and Fox Valley Metal Tech Integration
• Gold prices stabilize amid Iran-US deal
• Shanghai Electric présente des solutions collaboratives couvrant l'ensemble de la chaîne pour la transition vers une économie zéro carbone lors de l'expo Carbon Neutrality 2026