Age UK responds to Ofgem’s price cap announcement and the future cost of energy

Caroline Abrahams, Charity Director at Age UK said: “This expected price rise will no doubt worry older people living on low incomes.  We’re particularly concerned for those older people who have depleted their savings; living on a low income but not claiming the extra financial support they are due, and those who face higher energy costs due to poor health and/or disabilities. 

"Even with the Triple Lock being honoured in full, older people on low fixed incomes will still find this winter extremely tough, watching every penny in fear of the new year price rise.

“With industry analysts predicting that high energy prices are here to stay until at least the end of 2024, Age UK is urging anyone who is struggling to make ends meet and is not already in receipt of Pension Credit to put in a claim without delay, so they don’t miss out on extra money help this winter.  Not only can Pension Credit increase weekly income, but as a claim can be backdated for up to three months, if someone makes a successful claim by 10th December 2023 they may still be eligible to receive the Autumn £300 cost of living payment.”