Money Advice Trust highlights that energy customers' average arrears increased by 37% over the last year, reaching an alarming £1,541, indicating a growing crisis in energy debt.
Ofgem's new plan for zero standing charge tariffs aims to alleviate financial pressure on households, potentially saving them £388 annually, but might lead to higher costs elsewhere.
Steve Vaid of the Money Advice Trust states that the proposed debt relief scheme could help lift millions out of poverty and has significant implications for energy suppliers.
Experts like Dr. Craig Lowrey warn that while zero standing charge tariffs could be beneficial, they may introduce higher unit costs that could disadvantage vulnerable households.
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