Gas and electricity debts increasing, says Ofgem
28 January 2010 16:36:00
 |
| More households falling behind on energy bill payments. |
Energy watchdog Ofgem confirmed that households have been struggling to pay off their bills in the past 12 months and are now a combined £630m in the red.
The study found that the number of electricity customers failing to cover their energy expenses increased to 1.4 million by September 2009, representing a rise of 100,000 from a year earlier.
In addition, the combination of rising energy prices and the recession saw a further 200,000 Britons being plunged into gas bill debt, pushing the total up to 1.2 million.
According to Ofgem, the average level of debt for households currently in arrears has risen by £22 and £62 for gas and electricity respectively.
Earlier this week, Ofgem announced that it is set to invest £319m in order to connect six renewable energy products to the National Grid before the end of the 2010-11 financial year.
‹ Back
Other Gas and electric News
-
Smart meters 'will not be compulsory'
Smart meters feed information back to the supplier -
Energy providers cutting prices
British Gas and SSE have followed EDF in cutting prices. -
Nuclear key to keeping down energy prices
More nuclear energy is needed to keep electricity prices down. -
Hasty changes to feed-in-tariffs cause concern
Consumers lack confidence in government FiT plans
All Gas and electric News
Other Home Page News
-
Are credit cards facing a midlife crisis?
Credit cards - are they going out of fashion? -
Ofcom: UK enjoying faster broadband speeds
Many Britons switched to faster broadband deals last year. -
Bank withdraws charity credit card scheme
Lloyds Banking Group will no longer offer charity credit cards. -
Smart meters 'will not be compulsory'
Smart meters feed information back to the supplier
All News Stories
Product Offers
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.