Pensioners At Risk of Fuel Poverty Due to Ofgem Price Cap Hike
Saturday, 24 August 2024, 01:30
The Impact of Ofgem Price Cap Increase on Pensioners
The recent hike in Ofgem’s price cap poses significant challenges for pensioners. Starting in October, average household energy bills will increase by £149, which can push many older adults into fuel poverty.
Understanding Fuel Poverty
Fuel poverty occurs when a household cannot maintain a satisfactory heating regime due to low income and high energy costs. For pensioners, this increase is particularly concerning as they often live on fixed incomes.
- Higher Costs: The financial strain from increased energy bills leads to tough choices.
- Health Risks: Insufficient heating can exacerbate health issues common in older adults.
- Government Support: Measures are needed to alleviate some of this pressure.
Immediate Strategies for Pensioners
Pensioners facing these high costs can consider several strategies:
- Seek advice from financial support services.
- Explore government assistance schemes.
- Implement energy-saving measures in the home.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.