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flag UK MPs push Ofgem to use £4B energy windfall for debt relief as household energy debt hits record.

flag UK MPs are urging Ofgem to use £4 billion in windfall profits from energy network firms to fund long-term debt relief, as household energy debt hit a record £4.43 billion. flag The cross-party committee called the situation "inexcusable," criticizing companies for profiting while millions struggle to afford heating and food. flag They recommend using the funds for debt forgiveness, equalizing energy prices regardless of payment method, improving smart meter reliability, and eliminating gas standing charges for homes switching to electric heating. flag Ofgem acknowledged the windfall stemmed from inflation and past regulatory design, has implemented cost controls, but declined retroactive changes to avoid unintended consumer harm. flag A debt relief scheme is under development.

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