Fuel Bank Foundation calls for more Government support in response to energy price gap announcement

From 1 October – 31 December, the cap will be set at an annual level of £1,923 for a dual fuel household paying by direct debit based on the current typical domestic consumption values (TDCV) rate and £1,949 for PPM customers.

Responding to the announcement, Matthew Cole, head of Fuel Bank Foundation, said: “Although the reduction of the energy price cap to £1,923 is welcome relief, it is still considerably higher than the £1,277 households were paying at the start of 2022 and approximately double pre the energy crisis.

He continued “Fuel Bank Foundation is again calling on the UK Government to provide targeted financial support, for example through an updated version of the Energy Bill Support Scheme, aimed at households that will struggle to keep warm this winter due to the continued high cost of energy. Without this vital support, homes will go cold and people with a critical need for energy, such as the disabled and those with serious illnesses, will be at greater risk.

“And the impact could be potentially worse given the additional financial pressure households are experiencing from increases in all household bills including food, mortgages and rent, as well as trying to pay off debt accrued from last winter.

Mr Cole said: “Energy suppliers must therefore understand which of their customers are at higher risk and proactively reach out to them to ensure that prepaying for energy continues to be safe and practicable, and that all available support is being accessed.”