What's happened
Starting January 1, 2025, the energy price cap will increase to £1,738, impacting millions of households. This rise coincides with cuts to winter fuel payments for pensioners, raising concerns about affordability during the cold months. Charities warn of increased hardship for vulnerable populations.
Why it matters
What the papers say
According to The Mirror, the average dual household will see their energy bill rise to £1,738, marking a second increase in recent months. Tim Jarvis from Ofgem acknowledged the ongoing challenges for households, urging consumers to explore different tariffs to mitigate costs. Meanwhile, The Scotsman reported on the emotional toll this increase has on pensioners, with many feeling abandoned by the government after cuts to winter fuel payments. Joanna Elson from Independent Age described the situation as 'extremely concerning,' emphasizing the need for urgent government action to support older individuals facing rising bills. The articles collectively highlight a growing crisis in energy affordability, particularly for vulnerable populations.
How we got here
The UK government has recently announced a rise in the energy price cap, which sets the maximum amount energy companies can charge households. This follows a previous increase in October and comes alongside cuts to winter fuel payments for pensioners, exacerbating financial pressures.
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