Energy bills are to rise in April and again in October and the government has not ruled out further support for households.
The situation will be kept under โconstant reviewโ the Energy Minister Gregg Hands has confirmed.
Energy experts are predicting that in October there could be a 17% rise in household bills unless the gas prices rapidly fall globally.
The Energy Minister was asked on BBC Radio 4โs Today if there will more help announced before October, Hands said, โIt is too early to say what the price cap will be.
โWe keep these things under constant review. Of course we wonโt hesitate to act if we need to to defend consumers.
โBut of course we have to recognise the UK is not in any way exempt or immune from high global energy prices.โ
The National Energy Action chief executive Adam Scorer told ITVโs Good Morning Britain that more government help will not be enough.
Scorer said. โIt (the government) shouldโve gone hard and deep, and then to provide the support to people who are going to be hit hardest by these price rises.
โยฃ350 is going to be hugely welcome by everybody and itโs got lots of merit.
โBut if you take the rise in October and the rise thatโs coming in April, it will still see those on the lowest incomes facing a ยฃ500 price rise over the year.
โSo, unfortunately, it was wholly inadequate. And theyโll have to come back to this.โ
He added, โThey have to look at direct financial support for people on the lowest incomes. This is annoying for everybody, itโs challenging for most, it is devastating for people on tight incomes, so what they need to do is to take it seriously as a cost-of-living crisis that will have tragic consequences.
โIt (the government) has to go deep and it has to understand that this is a crisis that will last for some years.
โIt loves its one-off contributions, its ad hoc arrangements, but thatโs just not fit for purpose.โ
Bank of England Governor Andrew Bailey told Radio 4 on Friday, โIt is going to be a difficult period ahead, I readily admit, because we all get we are already seeing and weโre going to see a reduction in real income.
โBased on what we see today, I would expect that, so weโre going to start coming out of it in 2023, and two years from now we expect weโll be back on to a more stable โ certainly inflation โ back to a more stable position.โ
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