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HomeRenewables38 degreesUK energy debt crisis: Over £1bn owed on prepayment meters

UK energy debt crisis: Over £1bn owed on prepayment meters

People using prepayment meters for their energy face a growing debt problem.

That’s according to Ofgem data, obtained by campaign group 38 Degrees, showing £1,026,223,558 in debt on such meters in the first quarter of 2023.

Energy debt repayments are deducted directly from prepayment meter credits, potentially leading to disconnections for some customers.

The figures reveal that prepayment meter debt has more than tripled from £328 million in 2019.

According to the report, prepayment meter debt now accounts for almost half of the total £2.25 billion UK energy debt, up from 27% in 2019.

Energy Live News has approached Ofgem for comment.

Energy Live News
Energy Live Newshttps://www.energylivenews.com
This article first appeared on Energy Live News, an award winning news service. Their mission is to give you balanced news, analysis, commentary of energy from their dedicated team of quality journalists and production staff.
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