Home Business NewsEnergy bills could rise again in October along with the rise in April and more support is not ruled out

Energy bills could rise again in October along with the rise in April and more support is not ruled out

by LLB staff reporter
4th Feb 22 11:43 am

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 โ€œconstant 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 4โ€™s Today if there will more help announced before October, Hands said, โ€œIt is too early to say what the price cap will be.

โ€œWe keep these things under constant review. Of course we wonโ€™t hesitate to act if we need to to defend consumers.

โ€œBut 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 ITVโ€™s Good Morning Britain that more government help will not be enough.

Scorer said. โ€œIt (the government) shouldโ€™ve gone hard and deep, and then to provide the support to people who are going to be hit hardest by these price rises.

โ€œยฃ350 is going to be hugely welcome by everybody and itโ€™s got lots of merit.

โ€œBut if you take the rise in October and the rise thatโ€™s coming in April, it will still see those on the lowest incomes facing a ยฃ500 price rise over the year.

โ€œSo, unfortunately, it was wholly inadequate. And theyโ€™ll have to come back to this.โ€

He added, โ€œThey have to look at direct financial support for people on the lowest incomes. This is annoying for everybody, itโ€™s 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.

โ€œIt (the government) has to go deep and it has to understand that this is a crisis that will last for some years.

โ€œIt loves its one-off contributions, its ad hoc arrangements, but thatโ€™s just not fit for purpose.โ€

Bank of England Governor Andrew Bailey told Radio 4 on Friday, โ€œIt is going to be a difficult period ahead, I readily admit, because we all get we are already seeing and weโ€™re going to see a reduction in real income.

โ€œBased on what we see today, I would expect that, so weโ€™re going to start coming out of it in 2023, and two years from now we expect weโ€™ll be back on to a more stable โ€“ certainly inflation โ€“ back to a more stable position.โ€

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