_millions-are-struggling-to-pay-their-energy-bills-with-court-action-against-debtors-doubling-in-the-uk.jpg "Millions are struggling to pay their energy bills with court action against debtors doubling in the UK from add financial Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 1:5
👁 View: 4.7M times
✓ Published: 05-Apr-2024
👁 View: 4.7M times
✓ Published: 05-Apr-2024
Description:
The surge in households seeking aid for unpaid energy bills leading to court actions has doubled in the past year, as noted by Citizens Advice. Suppliers are increasingly resorting to legal measures to recoup energy debts, potentially causing long-term financial strain for households. This trend seems to have intensified following Ofgem's imposition of stringent restrictions on mandatory prepayment meter installations. <br/><br/>Last year, Citizens Advice provided guidance to 349 households facing County Court Judgments (CCJs) due to overdue gas and electricity bills, compared to 179 in 2022, coinciding with a record-high energy debt of £3.1 billion. The CCJs reported are the highest since 2019, likely representing only a fraction of the total judgments issued for energy debt recovery. Despite Ofgem's recent reduction of the energy price cap to £1,690 annually for typical dual fuel bills, data shows that energy debt continued to climb by £2.8 million daily in the latter half of last year, -So what can be done to reduce those energy costs?
The surge in households seeking aid for unpaid energy bills leading to court actions has doubled in the past year, as noted by Citizens Advice. Suppliers are increasingly resorting to legal measures to recoup energy debts, potentially causing long-term financial strain for households. This trend seems to have intensified following Ofgem's imposition of stringent restrictions on mandatory prepayment meter installations. <br/><br/>Last year, Citizens Advice provided guidance to 349 households facing County Court Judgments (CCJs) due to overdue gas and electricity bills, compared to 179 in 2022, coinciding with a record-high energy debt of £3.1 billion. The CCJs reported are the highest since 2019, likely representing only a fraction of the total judgments issued for energy debt recovery. Despite Ofgem's recent reduction of the energy price cap to £1,690 annually for typical dual fuel bills, data shows that energy debt continued to climb by £2.8 million daily in the latter half of last year, -So what can be done to reduce those energy costs?
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_urgent-shiba-inu-coin-price-prediction-amp-dogecoin-i-am-buying-top-cryptos-to-buy-now.webp "Stock Moe")
⏲ 11 minutes 21 seconds 👁 916
_millions-are-struggling-to-pay-their-energy-bills-with-court-action-against-debtors-doubling-in-the-uk.webp "The surge in households seeking aid for unpaid energy bills leading to court actions has doubled in the past year, as noted by Citizens Advice. Suppliers are increasingly resorting to legal measures to recoup energy debts, potentially causing long-term financial strain for households. This trend seems to have intensified following Ofgem's imposition of stringent restrictions on mandatory prepayment meter installations. <br/><br/>Last year, Citizens Advice provided guidance to 349 households facing County Court Judgments (CCJs) due to overdue gas and electricity bills, compared to 179 in 2022, coinciding with a record-high energy debt of £3.1 billion. The CCJs reported are the highest since 2019, likely representing only a fraction of the total judgments issued for energy debt recovery. Despite Ofgem's recent reduction of the energy price cap to £1,690 annually for typical dual fuel bills, data shows that energy debt continued to climb by £2.8 million daily in the latter half of last year, -So what can be done to reduce those energy costs?")
⏲ 1:5 👁 5.9M
_bad-keeps-getting-worse.webp "Financial Prepper")
_9234don39t-keep-your-cash-in-the-bank9234-6-assets-that-are-better-amp-safer-than-cash.webp "Retire Rich")
⏲ 12 minutes 58 seconds 👁 2M
_all-the-financial-advice-youll-ever-need-fits-on-a-single-index-card.webp "PBS NewsHour")
_get-ready-to-buy-market-drop-setting-up.webp "Financial Education")
_the-divorce-gap-and-gender-retirement-issues.webp "The shocking loss of income and retirement savings that disproportionately affect divorced women is a big challenge – especially for those over 50.")
_utma-ira-and-529-savings-accounts-grayscale-trusts.webp "Ethan Invests")
_urgent-shiba-inu-coin-price-prediction-amp-dogecoin-i-am-buying-top-cryptos-to-buy-now.jpg)
_millions-are-struggling-to-pay-their-energy-bills-with-court-action-against-debtors-doubling-in-the-uk.jpg)
_bad-keeps-getting-worse.jpg)
_9234don39t-keep-your-cash-in-the-bank9234-6-assets-that-are-better-amp-safer-than-cash.jpg)
_all-the-financial-advice-youll-ever-need-fits-on-a-single-index-card.jpg)
_get-ready-to-buy-market-drop-setting-up.jpg)
_the-divorce-gap-and-gender-retirement-issues.jpg)
_utma-ira-and-529-savings-accounts-grayscale-trusts.jpg)
![[+]](/images/menu.gif){kind=small}