Why are energy bills going up?
Energy bills go up by record amounts from April. Why is this happening? How has the Government responded?
By: Age UK
Published on 03 February 2022 12:30 PM
OFGEM ANNOUNCE ENERGY PRICE CAP WILL INCREASE BY 54% FROM APRIL 2022
Caroline Abrahams, Charity Director at Age UK, said: "On behalf of older people on low and modest incomes we are bitterly disappointed by what we have heard today. With average energy bills now set to rise by a whopping £693 per year - and almost certain to increase further in a few months' time - the support the Chancellor has announced simply does not go far enough. It will still leave many of these pensioners facing energy costs surging by an extra several hundred pounds that they cannot afford to pay. What does the Government expect them to do? Forgo their heating, ration their food or go into debt? These are the only choices that millions of the less fortunate will face, if they have no savings to draw on or family to help them out.
"Tough and stoical though they typically are, many older people will be badly shaken by the news they are hearing today. There's no doubt it will lead to many more turning their heating down or off altogether, because they will know these price surges and the Chancellor's inadequate response signals a crisis in their personal finances, with no end apparently in sight. The Government must urgently think again and do more to help them."
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Notes to editors:
Age UK is a national charity that works with a network of partners, including Age Scotland, Age Cymru, Age NI and local Age UKs across England, to help everyone make the most of later life, whatever their circumstances.
In the UK, the Charity helps more than seven million older people each year by providing advice and support. It also researches and campaigns on the issues that matter most to older people. Its work focuses on ensuring that older people: have enough money; enjoy life and feel well; receive high quality health and care; are comfortable, safe and secure at home; and feel valued and able to participate.
Age UK’s subsidiary charity, Age International, supports older people globally in over 30 developing countries by funding programmes such as vital emergency relief and healthcare and campaigning to raise awareness and change policies.
Age UK is a charitable company limited by guarantee and registered in England (registered charity number 1128267 and registered company number 6825798). Charitable services are provided through Age UK and commercial products are offered by the Charity’s Community Interest Company (CiC) (registered company number 1102972) which donates its net profits to Age UK (the Charity)
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