Friday, August 12, 2022

The Cost of Energy

 Energy bills will cost more than two month’s wages next year.

The monthly take-home pay for the average worker will be £2,054 next year, based on Bank of England forecasts, while the annual cost of energy is predicted to be £4,200.

The TUC calls the cost of living crisis this winter an “emergency of pandemic scale”.

About 4 million domestic customers use prepayment meters, while their price cap is around 2% higher than for direct debit customers.

Rachel Reeves, the shadow chancellor, said: “It’s outrageous that people on prepayment meters have to pay more for their energy. Why should those with the least have to pay more to heat their homes and put the lights on? This is unjustifiable and morally wrong.”

UK energy bills ‘set to cost two month’s wages’, ministers warned | Energy industry | The Guardian

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