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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Ofgem proposes ban on `unfair` bills

25/03/2009

Energy industry regulator Ofgem has set out plans to ban energy companies from charging `unjustified` prices to customers.

The new rules, which Ofgem claims will `give consumers more power and help to seal the flaws in the retail market`, will ban `unjustified price differences`, such as charging significantly more for a pre-payment meter than for a direct debit.

Energy companies will now be required to price each of their products in line with how much it costs them.

A spokesperson for Debt Advisers Direct commented: "Ofgem`s proposal could help to ensure that prices are always in line with wholesale costs. Many analysts have argued that energy providers were slow to react to falling wholesale costs at the beginning of this year, and many billpayers have been at a higher risk of debt than usual because of unprecedented high prices.

"In the meantime, anyone struggling with their existing costs should contact a professional debt adviser to discuss their situation."

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according