A petition has been started on campaign group 38 Degrees in an attempt to stop the energy price cap rise.
Earlier today, August 26, Ofgem confirmed that the energy price cap for October-January will rise by 80 per cent, pushing the average yearly bill to £3549, with a monthly cost of around £295.
It has been met with intense backlash and pleads from financial experts for the UK Government to intervene as studies suggest a half of British households, and three-quarters of Scottish households, will be plunged into fuel poverty this year.
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This comes at a time when the inflation rate hit 10.1 per cent in July and energy prices have been rising since September 2021, in the aftermath of lockdown. Gas wholesale prices were then put under more pressure when Russia invaded Ukraine in February 2022.
Since this morning, a petition on 38 Degrees, a British not-for-profit political-activism organisation, has been rapidly gaining signatures and, at the time of writing, are sitting just over 170k signatures.
The petition is calling on the Government and Ofgem to stop and reverse the energy price cap increase.
In the statement it says: "Stop and reverse the catastrophic energy bill increases - and make sure everyone is warm this winter."
They add: "We simply cannot take any more energy bill rises.
"The Government, and energy regulator Ofgem, must intervene now to protect us from the upcoming energy bills increase - projected to take average household energy costs over £3,000 a year.
"They must reduce our bills and make sure energy is affordable for everyone. Because we all need to be warm this winter."
You can see more details here.
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