Rising Energy Prices

ELHA SPRITE Anne Money Advisor

Published: 02/03/2022

With the news that the energy price cap is being removed from 1 April, we can expect gas and electricity prices to increase significantly.  This will particularly affect people using payment meters, but is also likely to affect people who have never considered themselves to be in ‘Fuel Poverty’ before.

There is a silver lining for households on low incomes – many energy providers are setting aside support funds to offset these increases, the Scottish Government has guaranteed that £290m of funding will be used to reduce the impact of fuel prices, and many support agencies and charities around Scotland and the wider UK have funds available.

The best advice – so far – is NOT to enter into a “fixed” rate deal with your energy company, as you could see your bills increase dramatically. Unlike before, you are now advised to just stay on the standard variable tariff for energy costs, as that’s the most economical option for people now. This means that you are “protected” by the energy price cap, and even though this is increasing, it’s still the best option to keep energy costs down.

See the Help So Far article for more information on how our Money Adviser, Anne, has already helped tenants access fuel vouchers and other fuel funding support.  Anne is here to help tenants access funding, grants and benefits, so if you have any concerns about your bills, please get in touch by using the ‘Energy Advice’ or ‘Money Advice’ tools in your My Home account, or contact your Housing Officer to arrange a chat with Anne.

Help So Far

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