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Reading: Before a harsh winter, consumers owe energy companies billions of dollars, a top industry expert cautions.
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Baner Club > Blog > Business > Before a harsh winter, consumers owe energy companies billions of dollars, a top industry expert cautions.
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Before a harsh winter, consumers owe energy companies billions of dollars, a top industry expert cautions.

Before this winter's price hikes have even begun, customers in the UK owe energy companies £3.2 billion, a top industry official told News.

Last updated: 2024/08/29 at 8:32 AM
Published August 29, 2024
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Emma Pinchbeck, the chief executive of trade association Energy UK, stated that the figure may be even higher than the figures provided by her organization. She further added that the end of customer support programs brought in by the energy crisis and additional “build up of debt” could cause even more issues during the upcoming colder months.
Her remarks came during a roundtable discussion on Wednesday in Downing Street between energy companies and government officials on how both parties could support those who are having financial difficulties this winter.

Concerns have been expressed regarding the government’s intention to eliminate the winter heating allowance for seniors who do not get pension credit, as well as the 10% increase in the energy price cap that is scheduled to take effect in October.

After the meeting, Energy Minister Miatta Fahnbulleh told reporters that a “framework” had been decided upon to launch a nationwide campaign aimed at reaching out to struggling consumers, offering “continued financial support for our most vulnerable” and debt guidance and support to those in need.

However, there didn’t seem to be any plans for more money or assistance programs for the underprivileged.

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