Energy bills set to soar this autumn

Energy bills
Yesterday, it was announced that the UK energy bills forecast was set to hit £3,850 as Russia cuts gas supply further.

Energy regulator Ofgem, who set a price cap quarterly, have stated that October’s price cap is set to hit £3,420.

According to some experts, the price caps could go up by as much as 64% in October of this year. This will be a further burden on millions of families already struggling with the cost of living crisis.

The Government will give all domestic electricity customers in Great Britain a one-off £400 grant in the form of credit, that will be automatically added to their accounts during the six months starting from October.

It’s getting to a point where typical money-saving tips aren’t enough, people are struggling to make ends meet even sacrificing their well-being. Although we may not be feeling it at the moment, as in summer we don’t rely in heating as much, it could get dire for people during the colder months of the year.

Since the start of the year, the Universal Church has a ‘Universal Access Point’ (UAP), here to guide you towards the help you need.

They are here to help you whether you need emergency food and shelter or even financial advice. This service is for people who have problems that need immediate and urgent attention.

The UAP works by establishing links with organisations and local councils inside and outside of the capital to provide people with the help they need. The UAP’s main role is to point people to the correct place to get the help they need. They also offer one-to-one sessions with information, advice and guidance.

Opening hours to the public are 9am to 5pm, Monday to Friday. For more information and to see how the UAP could help you, please call 020 7686 6013.

Sources:

https://www.nottinghampost.com/news/cost-of-living/martin-lewis-feels-sick-over-7310284
https://www.themoneyedit.com/household-bills/energy/october-energy-price-cap
https://www.theguardian.com/money/2022/jul/27/uk-energy-bills-forecast-to-hit-3850-pounds-russia-cuts-gas-supply-further-europe-pipeline
https://www.forbes.com/uk/advisor/energy/energy-price-caps/