Energy debt reaches record £4.79 billion ahead of 13% price cap jump (opens original article in a new tab)

Energy debt in the UK has hit a record £4.79 billion, with average debts rising for customers on repayment plans, as the price cap is set to increase by 13% in July.

• Energy debt in the UK reached a record £4.79 billion, up 5% from the previous quarter.
• Average energy debt for customers with repayment plans increased by 4% to £828 for electricity and £679 for gas.
• Ofgem's price cap is set to rise by 13% in July, with forecasts indicating similar levels in October.