Escalating unpaid customer arrears have now surpassed £5bn, according to regulators, placing extreme financial strain on the nation’s utility system. Addressing this growing burden, National Energy Action chief executive Adam Scorer noted, “This is unsustainable, not just for households but also for the market as a whole,” while adding, “The Budget must deliver additional targeted support for households most at risk this winter, alongside action to tackle energy debt and improve the least energy-efficient homes.” Sounding a similar alarm on the BBC’s Big Boss Interview podcast, EDF Energy chief executive Simone Rossi stated, “We are actually walking into a second significant energy crisis after the one we experienced just four years ago.” To mitigate the strain, Rossi advocated for expanding the current VAT reduction on power bills down to 0% past April,
Domestic utility expenses set for steepest price surge over 48 months
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