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The surge in households seeking aid for unpaid energy bills leading to court actions has doubled in the past year, as noted by Citizens Advice. Suppliers are increasingly resorting to legal measures to recoup energy debts, potentially causing long-term financial strain for households. This trend seems to have intensified following Ofgem's imposition of stringent restrictions on mandatory prepayment meter installations. <br/><br/>Last year, Citizens Advice provided guidance to 349 households facing County Court Judgments (CCJs) due to overdue gas and electricity bills, compared to 179 in 2022, coinciding with a record-high energy debt of £3.1 billion. The CCJs reported are the highest since 2019, likely representing only a fraction of the total judgments issued for energy debt recovery. Despite Ofgem's recent reduction of the energy price cap to £1,690 annually for typical dual fuel bills, data shows that energy debt continued to climb by £2.8 million daily in the latter half of last year, -So what can be done to reduce those energy costs?

Millions are struggling to pay their energy bills with court action against debtors doubling in the UK

⏲ 1:5 👁 16.4M

Bloomberg Television

Siemens Energy's US Transformer Production Plans

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CNBC International TV

Siemens Energy working through wind turbine quality issues: CFO

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The surge in households seeking aid for unpaid energy bills leading to court actions has doubled in the past year, as noted by Citizens Advice. Suppliers are increasingly resorting to legal measures to recoup energy debts, potentially causing long-term financial strain for households. This trend seems to have intensified following Ofgem's imposition of stringent restrictions on mandatory prepayment meter installations. <br/><br/>Last year, Citizens Advice provided guidance to 349 households facing County Court Judgments (CCJs) due to overdue gas and electricity bills, compared to 179 in 2022, coinciding with a record-high energy debt of £3.1 billion. The CCJs reported are the highest since 2019, likely representing only a fraction of the total judgments issued for energy debt recovery. Despite Ofgem's recent reduction of the energy price cap to £1,690 annually for typical dual fuel bills, data shows that energy debt continued to climb by £2.8 million daily in the latter half of last year, -So what can be done to reduce those energy costs?

Millions are struggling to pay their energy bills with court action against debtors doubling in the UK

⏲ 1:5 👁 9.8M

Reuters

Siemens Energy rocks stocks after big charge

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WCNC

Siemens Energy to add over 700 new jobs in Charlotte with factory expansion

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Attacks on Zaporizhzhia nuclear plant significantly increase accident risk, warns The International Atomic Energy Agency.

IAEA calls for caution following strike on Zaporizhzhia nuclear plant

⏲ 1:20 👁 4M

Martin Stiegler

Steam Turbine Rotor Repair at Siemens Energy in Mülheim Germany

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EarningsBeats

Fab 5: Stocks to Keep On Your Radar

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5 Ways Alcohol Has an Affect on Your Body.<br/>Consuming alcohol may affect your ability to maintain control of your mood, judgement and level of energy.<br/>LifeHack points out these 5 ways alcohol can affect you:.<br/>1. Increasing risk of depression. .<br/>Alcohol is classified as a depressant as it reduces arousal and stimulation of the central nervous system. .<br/>Alcohol can deplete your levels of dopamine and serotonin over time. .<br/>2.

4 Ways Alcohol Affects Your Body

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Common Sense Investing

Stress Free Investing in Penny Stocks: Enterprise Group Skyrockets!

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Switzer Financial Group

Is Lithium stocks a goer? And what is Jun Bei Liu’s most recent buy?

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