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Scale Of Energy Bill Debts Threatening Millions Will ‘Eclipse’ Support Measures, MPs Warn

Scale Of Energy Bill Debts Threatening Millions Will 'Eclipse' Support Measures, MPs Warn

MPs have called for urgent action to help households

John Johnston

3 min read

Millions of people could be left with “unmanageable debt” as a result of major forecasted rises in the cost of energy, a new report from the Business, Energy and Industrial Strategy Committee has warned.

It is expected that continued rises in wholesale gas prices could mean the energy price cap – the maximum a supplier can charge an average customer…


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Storage tanks stand at an oil processing facility in Saudi Aramco's Shaybah oilfield in the Rub' Al-Khali (Empty Quarter) desert in Shaybah, Saudi Arabia, on Tuesday, Oct. 2, 2018. Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdoms economic diversification. Photographer: Simon Dawson/Bloomberg via Getty Images

State-run oil giants will make or break the energy transition

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