“Millions of people across the UK who can’t afford to heat their homes will have been desperately hoping for a reduction in the energy price cap to provide some financial relief from the ongoing crippling cost of energy.
“Our clients – some of the most vulnerable people in society – are already struggling to afford to keep their prepayment meters topped up. This latest announcement will offer them little hope for the coming winter.
“Based on the new price cap rate, the average prepayment meter energy bill will still be around £2,000 a year. Prepayment meter customers also pay, on average, an extra £313 to heat their home during the winter months, compared to direct debit customers, whose payments are evenly spread throughout the year.
“On top of this, higher mortgage and rent payments, inflated food costs, and previously accrued debts are adding further strain to already thinly stretched household budgets.