Households in Great Britain ‘could owe energy suppliers £7bn by end of year’

Households in Great Britain are facing a significant increase in energy debt, with the total amount owed to energy suppliers potentially reaching £7 billion by the end of the year. This is due to higher gas and electricity prices forecast for the winter, which will likely lead to more households struggling to pay their energy bills. The energy debt and arrears have already climbed to a record £6 billion at the end of June, and this new forecast suggests that the situation is likely to worsen. The rising energy debt…

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Higher energy prices could lead to increased debt for households. This may negatively impact the financial stability of energy suppliers and the overall economy.

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