City Of London
UK Energy Debts Balloon to Record £1.3 Billion Ahead of Most Expensive Winter
- Household energy debt surpasses £1.3 billion, Uswitch.com says
- Debts are set to rise further during the winter heating season
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UK households are already a record £1.3 billion in debt to their energy suppliers ahead of winter, when bills are set to surge yet again.
Consumers typically build up credit with their providers during the summer -- when energy usage eases -- limiting the shock of higher demand in the winter. But soaring gas and power prices have made this summer expensive and fueled warnings of an even bigger crisis in the coming colder months.