Gas and electricity bills 'the hidden debt crisis from Covid lockdowns' as ban on disconnections ends   

Mabs has called for a new code of practice for distressed households in their dealings with utilities, including electricity and gas providers
The framework for dealing with utility bills in arrears could be similar to the Mortgage Arrears Resolution Process, or Marp, that was developed by the Central Bank following the banking crisis 10 years ago, Mabs said.

The framework for dealing with utility bills in arrears could be similar to the Mortgage Arrears Resolution Process, or Marp, that was developed by the Central Bank following the banking crisis 10 years ago, Mabs said.

The country's main household debt advisory organisation is warning that utility bills and PCP car finance loans are "the hidden household debt crisis" in the wake of the Covid-19 lockdowns.   

The Government-funded Money Advice and Budgeting Service, or Mabs, which provides independent advice to households, has also called for a new code of practice for distressed households in their dealings with utilities, including electricity and gas providers.      

You have reached your article limit. Already a subscriber? Sign in

Clubber TV and Irish Examiner logos in offer banner

Every Match. Every Story.

One Ultimate Bundle

No obligation. Ts&Cs apply.

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited