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Essent raises rates and sounds alarm: ‘If government does nothing, middle incomes will face energy poverty’

Essent raises rates and sounds alarm: ‘If government does nothing, middle incomes will face energy poverty’

Essent has become the first major energy supplier to increase its variable gas and electricity rates for the upcoming quarter, citing the ongoing conflict in the Middle East. The company warns that without government intervention, middle-income households are at risk of falling into energy poverty.

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