UK households at risk of facing fuel poverty as energy prices remain high Sep 29, 2022

YES Energy Solutions is warning of a tough winter ahead after Ofgem announces new October price cap.

The price cap was due to increase to £3,549, rising by 80% from the current price of £1,971.

With the Government’s new Energy Price Guarantee scheme, this lowered the average to £2,500, not including the £400 electricity discount households are set to receive.

While economic forecasts look less bleak since the introduction of this scheme, a partner of YES Energy Solutions, National Energy Action, predicts 6.7 million people could be in fuel poverty this winter – 200,000 more than current.

It is clear many people will still be struggling, YES states, but support schemes are available in the face of this.

YES Energy Solutions is a small community interest company in Halifax, delivering schemes across Leicestershire, Lincolnshire and North Yorkshire.

Overall, they are delivering £16.2m worth of funding to 1617 homes, targeting the most vulnerable.

In response to the price guarantee, CEO Duncan McCombie states:

“The Government’s price guarantee provides a lifeline to people who were due to face an impossible winter after the new price cap.
“However, prices are still at an impractical level, with a majority of the UK facing fuel poverty.
“Our specially targeted, fully-funded schemes provide much-needed breathing room to those people.”

YES is one of the country’s leading ECO funding providers.

Through funding 19 installer partners, they saved £46m on lifetime fuel bills in over 3,000 across Great Britain in the last financial year.

With a variety of other schemes available, they say consumers can speak to them about the host of options available to them.

They urge people to reach out to their suppliers and charities for assistance if they are struggling to pay their bills.

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