Household energy bills are set to soar despite £1,000 drop in Ofgem price cap.
The final forecast from energy consultancy Cornwall Insight suggests that people across Britain are set to see the cost of each unit of electricity and gas they use soar from the beginning of April.
But energy suppliers are allowed to charge more, with the Government picking up the difference in each household’s bill. How much a supplier can charge is decided by a separate measure, the Ofgem price cap. Dr Craig Lowrey, principal consultant at Cornwall Insight, said: “Regrettably the forecast for April looks set to leave the price cap above the increased Energy Price Guarantee level, meaning average annual consumer bills will effectively jump by 20% .
The UK Government recently launched a dedicated website aimed at helping households save money on their energy bills. A new advertising campaign has also started airing on TV screens nationwide as part of the ‘It All Adds Up’ £18 million awareness initiative. The guidance advises: “If you are over 65, or have pre-existing health conditions, you may want to set a slightly higher flow temperature of 65C to ensure your home warms more quickly.”
The guidance advises: “People over 65, children under five and those with pre-existing health conditions are more vulnerable to cold temperatures. Make sure you are warm enough and have a minimum indoor temperature of 18C to ensure you protect your health while maintaining comfort.”
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