Energy bills could increase to cover coronavirus defaults

Regulator considers raising cap to use paying customers to subsidise others

The energy regulator is considering raising gas and electricity bills for 11 million households to help supply companies survive an expected sharp rise in customer debt.

The regulator said it might allow energy suppliers to charge their customers on the default standard variable energy tariff more than usual, after energy companies said they faced serious financial impacts if customers were unable to pay their bills because of the fallout of Covid-19.

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Source: theguardian
Energy bills could increase to cover coronavirus defaults