Energy bills – time for social tariff?

Energy bills

Energy bills have risen again, leaving nearly 90% of UK households as worried about their costs as they were last winter, according to new polling. So is it time for a special social tariff for the most vulnerable?

Despite a fall in wholesale prices, Ofgem raised its price cap in January, increasing the average annual bill by 1.2% to £1,738—up £21 from the previous cap. While this is lower than last year’s £1,928, the hike comes during a freezing January, with temperatures plunging to -18.9°C in Scotland.

The poll of 2,000 people by Strand Partners has reignited calls for a social tariff—a government-backed scheme to provide discounted energy for vulnerable households.

Energy Secretary Ed Miliband said: “Different people mean different things by a social tariff. We have a sort of social tariff in its infancy if you like through the warm homes discount but I definitely think that part of what we need to be examining the case for and the ability for us to do in the years ahead is, if you like, a more fully fledged version of that.”

David Buttress, CEO of Ovo Energy, said he is “deeply concerned” about the poll’s findings. “A social tariff to provide discounted energy to the most vulnerable households should be implemented by the Government as a top priority.”

With millions struggling to afford heating, campaigners are urging immediate action before another winter crisis hits.

The post Energy bills – time for social tariff? appeared first on Energy Live News.

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About Stu Turley 4799 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.