Business Maverick: UK energy debts balloon to record £1.3bn before most expensive winter as blackouts loom

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Households in Britain are already a record £1.3-billion (R26-billion) in debt to their energy suppliers ahead of winter, when bills are set to surge yet again.

Consumers typically build up credit with their providers during the summer – when energy usage eases – limiting the shock of higher demand in the winter. But soaring gas and power prices have made this summer expensive and fuelled warnings of an even bigger crisis in the coming colder months, with the potential of looming “organised” blackouts.

Some 6.5 million households owe an average £206 to providers, Uswitch.com said in a report on Wednesday. The number of those in credit has fallen to 9 million from 11 million in April. Electricity capacity shortfall could total about a sixth of peak demand, according to the government’s latest “reasonable worst-case scenario”, even after emergency coal plants have been put to use, Bloomberg reported, citing people familiar with the government’s planning.

 

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They must send money and arms to the suicidal Ukrainians

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