Sunday, November 1, 2026
12.4 C
New York

How you can save money on your energy bill as debts rise


The amount of money owed to energy suppliers by customers has risen again to a new record high of £4.79bn.

Regulator Ofgem said that total debt and arrears in England, Wales and Scotland had risen by 15% in a year.

The data, external is updated every three months, with the newly-published figures covering the period from January to the end of March. They relate to energy customers who have been in debt for more than three months.

Average arrears for those without a repayment plan hit £1,876 for electricity and £1,623 for gas – more than twice the amount as those who have a repayment agreement.

Energy prices will rise for millions of households in July – driven by the increase in the cost of gas.

Experts say there are options to cut bills, even though people may feel they have already made every saving possible.



Source link

Hot this week

Who Gets Paid for AI?

By Christopher Gannatti, CFA, Global Head of Research...

Advisors Say Take It Slow on Anthropic IPO Hype

As artificial intelligence juggernaut Anthropic prepares to go...

Powell: ”Ignore the tariffs,” inflation is behaving as the Fed expected

Powell: ''Ignore the tariffs,'' inflation is behaving as the...

BIS international banking statistics and global liquidity indicators at end-June 2026

Cross-border bank credit grew by 11% year on...

Canada expects to seal a deal in June to become the EU’s first ‘associate member’

Canadian Prime Minister Mark Carney said Friday he...

Latest Post

Advisors Say Take It Slow on Anthropic IPO Hype

As artificial intelligence juggernaut Anthropic prepares to go...

Who Gets Paid for AI?

By Christopher Gannatti, CFA, Global Head of Research...
Demo

Related Articles

Popular Categories

Demo