Yet another increase to the energy price cap was announced yesterday, adding further pressure to household incomes, amidst an array of rising bills and costs.
Dr Elaine Robinson a Research Associate at Loughborough University, who specialises in quantitative analysis to identify patterns and trends related to low income and fuel poverty, explains why the increase is set to hit households hard, especially those on low incomes.
“The latest increase in the energy price cap is a response to global market prices rises for gas and Ofgem have highlighted the need to reduce our dependence on gas. The 6.4% increase is on top of rises in January 2025 and October 2024 and equates to an annual energy price rise of 9.4%.
“At the same time,…
