Key facts
- The energy price cap in Great Britain will rise by over £220 annually.
- Millions of households in Great Britain will be pushed into fuel poverty.
- Fuel poverty is defined as spending more than 10% of income on energy.
- An estimated 13.5 million households will spend more than 10% of their income on energy.
- Fuel poverty campaigners are estimating the number of affected households.
The energy price cap in Great Britain is set to rise by more than £220 per year, a development that will push millions of households into fuel poverty. Fuel poverty campaigners estimate that the increase will result in 13.5 million households spending over 10% of their income on energy. This significant rise in energy bills is expected to disproportionately affect vulnerable populations, exacerbating existing financial strains.
The new government price cap signifies a substantial increase in the cost of essential energy services for consumers. The threshold for fuel poverty, defined as spending more than 10% of household income on energy, is now projected to be met by a large segment of the population. This situation highlights the ongoing challenges in energy affordability and the potential for widespread economic hardship.