Apr 22, 2022
Cancelling Netflix won’t solve energy price crunch
Following April's 54 per cent increase to the energy price cap, I expected my bills to increase, but I wasn't expecting my monthly direct debit to more than double. Made redundant after working as a business analyst in the energy industry for 16 years, she set up a Facebook group - Energy Support and Advice UK - to help people struggling to pay their bills. This week, the bosses of the UK's biggest energy firms told MPs of the "Totally horrific" consequences if the price cap rises from £1,971 to the expected level of £2,600 in October. Eon expects up to 40 per cent of its customers to be in fuel poverty - spending more than 10 per cent of their income on energy bills - the House of Commons business, energy and industrial strategy committee heard on Tuesday. As energy debts mount up, Hatvani foresees millions more households being pressed to switch to more expensive prepayment meters, where they are charged for energy usage upfront.
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