Qualified advisers answering your
Financial Questions
call 0800 092 1245

Energy bills have increased by 75% in last decade


A government report has shown that household bills have increase by 75% from 2004 to 2014, much higher than the rate of general inflation, 23%.

Government advisers have now warned that poor families in the UK will need more help to pay for heating their homes as energy bills rise this winter.

A report from the Committee on Climate Change (CCC) has revealed that subsidies for clean energy will add an extra 36p per day onto household bills by 2030. Many households and energy intensive industries will need continuous help and support with insulation and clean heating. It is now expected that for commercial and industrial users, bills are likely to rise due to low-carbon policies by between 9% and 17% from 2013 to 2020; and a further 12-25% to 2030.

Ed Matthew, a spokesman for the fuel poverty campaign The Energy Bill Revolution, which strongly supports the CCC report, told BBC News:
"The situation is crazy. Insulation offers by far better value for money than road-building, yet we have just seen £100bn announced for infrastructure without a penny for insulation.

"We can't load the whole cost of insulation on to bills - many people just can't afford it,"

CCC believe investing in energy efficiency is the best way to reduce long term bills. The Chancellor George Osborne has cut total investment in energy efficiency from £1.4 billion to £800 million.

A government spokesman said: "Our policies are designed to keep the lights on, reduce polluting emissions and cut energy use at the lowest possible cost to gas and electricity customers.

"That's why we have installed energy efficiency measures through schemes like ECO and Green Deal to over 819,000 homes and a further 600,000 homes are set to benefit by 2017."

Need financial advice?

If you have any personal finance questions related to this news article, then please contact our financial advisers. You can get in touch by asking a question online, calling us on 0800 092 1245, or by arranging a visit.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details