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Energy Tariffs Set to Surge As Winter Fuel Payment Axed for Many Pensioners

by Richard Eldred
20 August 2024 11:00 AM

Energy bills are about to climb 9%, just as millions of pensioners see their Winter Fuel Payment, worth up to £300, disappear. The Express has the details.

Industry experts are predicting the cap on tariffs will rise in October through to January as millions turn on their heating to survive the winter chill.

Analysts at Cornwall Insight are predicting the increase in the price cap tariff means the annual bill – based on typical use – will rise £146 taking it up from £1,568 to £1,714.

It also believes that – based on current movements in wholesale prices – that there will be another small increase in January through to March.

The increases come at the same time as the Chancellor Rachel Reeves has announced that the Winter Fuel Payment – worth £200-£300 – has been axed for many pensioners. …

Fuel poverty campaigners have sounded the alarm over the removal of the Winter Fuel Payment at the same time as bills are rising.

They have warned it could amount to a death sentence for sick and vulnerable people who will go cold this winter.

There are also concerns that the Household Support Fund (HSF), which offers grants to helps people on low incomes who are experiencing hardship or crisis, will be axed.

Simon Francis, coordinator of the End Fuel Poverty Coalition, warned: “The reality is that bills will go up compared to today and will be around 65% higher than they were before the energy bills crisis started.

“But instead of offering help, the Government has axed winter fuel payments to millions and refuses to confirm if the Household Support Fund will be extended.”

Worth reading in full.

Tags: Energy BillsEnergy price capFuel PovertyRachel ReevesWinter Fuel Payment

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