Research by price comparison website Uswitch has unveiled that some people may be underestimating the price hikes for gas and electricity, which are set to come into force this autumn.
According to recent forecasts, the yearly bill for an average household is expected to rise from £1,600 to over £3,600.
However, when researchers asked 2,000 adults from across the UK their views on spiralling energy costs, the majority believed their household gas and electricity would only go up marginally from the start of October, while 12% said they thought it will decrease this winter.
Lee Forrest, manager of the Money Matters Team at Karbon Homes, said: “The results of this research is a concern. Customers we’ve spoken to are worried about the current cost of living crisis and we are trying to support them as best we can. The forthcoming energy price hikes which are expected to hit this October, are going to impact on all of us so we need to plan ahead now and be prepared.
“More needs to be done by government to tackle the cost of living crisis and although they announced that every household will receive £400 towards their energy bills, which will be paid in six instalments, it’s not going to be enough.”
Here at Karbon, we’ve set up a working group to support customers throughout the cost of living crisis. Our Money Matters Caseworkers are experts in benefits and money advice and are helping customers to manage bills and budgeting, pay rent and access government grants and discounts.
Lee added: “We’re here to help and support as much as we can. We don’t want customers sitting at home thinking it’s not going to happen – it is. If customers are worried and need free independent advice, then I urge them to get in touch.”
For free, independent support, call the Money Matters Team on 0800 164 0111 or email email@example.com