Home movers in Great Britain could get just £30 of energy use without account
NeutralFinancial Markets
- Ofgem has proposed a plan to assist new residents in Great Britain by providing them with £30 of energy credit before they set up an energy account, addressing the issue of growing gas and electricity debt. This initiative allows consumers approximately two weeks to establish their energy supply before facing disconnection.
- This development is significant as it aims to alleviate the financial burden on new home movers, who may already be under pressure from rising energy costs and the need to quickly adapt to their new living situations without immediate access to energy.
- The proposal comes amid a backdrop of fluctuating energy prices, with recent announcements indicating a slight increase in the energy price cap, which could further strain household budgets. As Ofgem continues to navigate the balance between investment in energy infrastructure and consumer affordability, the implications of these changes are likely to resonate throughout the market.
— via World Pulse Now AI Editorial System
