17 Jan 2025 | Posted In Money advice news

Energy sector regulator Ofgem is running a consultation on its consideration to introduce a debt relief scheme to provide financial
support to energy customers who accrued debt on energy bills during the energy crisis and may struggle to repay.

The aim of such a scheme would be to bring down the record level of consumer debt and arrears in the domestic retail energy market and would form part of a wider package to reform the approach to energy debt. It builds on the feedback provided by stakeholders in response to Ofgem’s previous Call for Input on Affordability and Debt in the Domestic Retail Market and is being published alongside its consultation on ‘Improving Debt Standards in the Domestic Retail Market’.

The consultation closes on 6 February 2025. Find out more and respond here.