Energy crisis: the UK is still heading for widespread fuel poverty – despite the government’s price cap
14 Sep 2022
In October 2021, an estimated 4 million households in the UK were in fuel poverty. But the largest increase in gas and electricity prices ever in April 2022 has pushed a further 2.7 million UK households into fuel poverty, bringing the total number to 6.7 million.
In a bid to stem this crisis, the government recently announced a two-year plan to cap the cost of household energy so the average bill is £2,500 a year. Although much lower than Ofgem’s £3,549-a-year projection, £2,500 still represents a doubling of average energy bills in the space of a year and a £500 increase since April 2022.
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