Summary
Gas and electricity prices in England, Wales, and Scotland have increased by 2% due to a new price cap by Ofgem, leading to calls for more financial support for those struggling with bills. Energy suppliers and campaigners are urging the government to provide targeted help, especially for vulnerable households. The government plans to invest in initiatives like the Warm Home Discount and home upgrades to address fuel poverty and reduce costs.
Key Facts
- Gas and electricity prices have risen by 2% for millions in England, Wales, and Scotland.
- The increase comes from a new price cap set by the regulator Ofgem.
- The average yearly energy cost is now £1,755 for a typical household, an increase of £35.
- There is a record £4.4 billion owed to energy suppliers by customers.
- The government extended the Warm Home Discount, offering £150 off winter bills for certain households.
- Energy UK suggests using data like income and energy use to better target support.
- More than one million households are not able to arrange debt repayment plans for their energy bills.
- Ofgem proposes a Debt Relief Support Scheme to help those with significant energy debt.
