Households in Great Britain ‘could owe energy suppliers £7bn by end of year’
After higher prices for winter kick in, energy debt unpaid for more than 30 days likely to rise, says Energy UK Households in Great Britain could owe their energy suppliers as much as £7bn by the end of the year after higher gas and electricity prices forecast for the winter kick in, an industry group is warning.
Domestic energy debt and arrears climbed by about £500m over the past year to a record £6bn at the end of June as the Middle East conflict continued to stoke rising gas market prices.
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