Energy Price Increases

Energy authority ‘Cornwall Insight’ have warned that heating bills will hit £4,266 by January. It’s the steepest rise yet, with a rise in prices coming first in October, then again in January.

What this means in real term monthly direct debit examples is an eye opener!

if you’re currently paying £100 now, in October you’ll be paying £181, then £215 in January.
if you’re currently paying £200 now, in October you’ll be paying £362, then £430 in January.
if you’re currently paying £300 now, you’ll be paying £543 / month, then £645 in January.

Consumer champion Martin Lewis has said the UK Government must do more to help households. More than the current £400 help for each household. A shocking prediction of energy bills being 45% of state pension is on the cards for pensioners, a position which is certainly not sustainable. We’ve gone beyond hoping for a mild winter. It’s time for realistic government intervention.

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