Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 47
47
Paragraph: 192
Energy prices are expected to increase to unprecedented levels and the Government’s May 2022 support...
Conclusion
Energy prices are expected to increase to unprecedented levels and the Government’s May 2022 support package will no longer offset the significant increases for households. A considerable number of households will struggle to pay their energy bills and will be at risk of accruing large sums of debt to their energy provider. This could further destabilise the energy supply market and result in bad debt being Energy pricing and the future of the energy market 81 mutualised. The lack of data published by Ofgem on the levels of debt in the market makes it difficult for the sector to assess and address the extent of the issue.
Paragraph Reference:
192
Government Response
A response document is linked to this report, dated 13 October 2022. Response attribution to this conclusion has not been verified. Read the response document ↗