Household energy – Britain on brink of affordability crisis

Britain is on the brink of an affordability crisis when it comes to household energy, according to new research out today by uswitch.com, the independent price comparison and switching service.

The findings are a wake-up call to the Government, suggesting that many householders cannot afford any further increases to their energy bills and casting doubt over their ability to help foot the bill of the Government’s ambitious carbon reduction plans.

The research highlighted:

  • Over a quarter of households are already struggling to afford their energy bills following this year’s hefty 21% price rise.
  • Almost a third of consumers say that household energy is already unaffordable in the UK.
  • 69% of people say that the Government has not struck the right balance between ‘greening’ energy supplies and households being able to enjoy affordable energy.
  • £1,500 a year on energy is the tipping point at which 77% of households will be rationing their energy, 59% will be going without adequate heating and 36% will be forced to turn their heating off entirely.

With the average household energy bill sitting at £1,293 a year, that’s just £207 or 14% short of the £1,500 affordability ceiling.

 

Source:  uswitch.com press release 6 October 2011

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