The rising cost of energy is having an adverse effect on ccj mortgage holders that are desperately trying to make ends meet. Although there are a few programs in place to assist CCJ mortgage holders, these mortgages are ending up in foreclosures at greater numbers. Many are blaming the fact that energy costs are now so high that trying to balance CCJ mortgage payments with higher fees is simply impossible at this time.
David Porter, CEO of the Association of Electricity Producers, stated, “If you take money out of the companies, and they have to find it somewhere else, then their investment costs will go up and customers will have to bear the brunt of that. There is a serious risk that bills would go up.”
“Last year we made just a whisker under £500million in the UK. That doesn’t buy even one new power station,” an npower spokesperson said.
“It is our plan to spend more money than we earn in the UK for the next ten years. That is a big commitment and if there was a windfall tax that is the sort of commitment that would have to be re-evaluated.”
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