Joanna Elson CBE, Chief Executive of Independent Age said:
“While today’s price cap announcement shows that energy prices are going down from April 1st, worryingly energy bills will still be around 60% higher than they were in 2021. Millions of people across the country are still struggling to afford their energy bills including older people living on a low income. Our helpline continues to hear from frightened and anxious people who are being forced to make drastic cutbacks such as washing less or sitting in darkness. This is not acceptable.
“Gas unit costs are still 73% higher than they were in winter 2020/21 and electricity unit costs are up by nearly 100%. Older people living in financial insecurity, who are often reliant on a fixed income, cannot keep up with these increases. In the long term, people living in poverty, or on the edge, need reassurance that they will be shielded from high energy prices.
“The UK Government must introduce an energy social tariff for those most in need, including people aged 65 and over on a low income and those who have high energy consumption due to long term conditions or disabilities. This sustainable solution would offer protection for people in later life living on low incomes. With the Spring Budget approaching, now is the time for action.”