Rising Energy Bills Boost Fuel Poverty, Says BBC News Online

Posted on May 30, 2012 by Poundy

Loans Financial News - rising energy bills

Last year’s increase in gas and electricity prices is projected to have nudged an additional 400,000 English households into fuel poverty, taking the total to 3.9 million, according to BBC News Online.

A household is in fuel poverty if more than a tenth of its income is spent on heat and power.

In 2010, 3.5 million English households were in fuel poverty, down from four million in 2009.

The beginning of 2012 saw slight cuts to energy costs, but prices are expected to rise this winter due to escalating wholesale costs.

Across the UK, 5.5 million households were in fuel poverty in 2009, dropping to 4.75 million in 2010.

“It is a major concern that so many people are struggling to afford their energy bills,” said Audrey Gallacher of Consumer Focus.

BBC News Online is the most popular news website in the UK, receiving about 14 million unique visitors each week. For more information, read the original article here.

Poundy

Poundy

Old-fashioned in nature but sophisticated in thinking, Poundy is happy to offer his words of wisdom to anybody interested in Pounds to Pocket — behind the shapely moustache lies an abundance of knowledge.

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