Britons struggle to pay their energy bills – Bloomberg – RT Business News


UK households already owe a record £1.3 billion ($1.5 billion) to their energy suppliers ahead of winter, Bloomberg reported on Wednesday, citing price comparison service Uswitch.

The data showed that in July, energy debt was more than double the September level. Some 6.5 million households owe providers an average of £206 ($252), according to the service.

The report explains that every year since 2018, when a price cap in the UK was introduced, household debt has gradually fallen over the summer. However, this year debt jumped 10% between April and July due to soaring gas and electricity prices.

“Energy debt has reached an all-time high with the worst possible timing, turning this winter’s energy price hike into a deeply precarious situation for many households,” Justina Miltienyte, policy manager at Uswitch.com, told Bloomberg. “The cost-of-living crisis is already squeezing budgets considerably, even in the summer months when families grapple with rising bills across the board,” she added.

Earlier this year, energy providers warned of large numbers of customers falling behind on their bills. The situation has worsened since then as wholesale gas prices have more than doubled in the country, paving the way for millions more to struggle to pay their bills this winter.

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