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Money Box Live: What's going on with Energy Bills?

Money Box Live: What's going on with Energy Bills?

Released Wednesday, 21st February 2024
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Money Box Live: What's going on with Energy Bills?

Money Box Live: What's going on with Energy Bills?

Money Box Live: What's going on with Energy Bills?

Money Box Live: What's going on with Energy Bills?

Wednesday, 21st February 2024
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How are you dealing with energy costs this winter?

Money Box Live has heard some people are skipping meals whilst others in full time employment are turning to warm banks and food hubs to cut costs.

The energy price cap, which is now what most of us pay, jumped 5% at the start of the year to £1928 for typical use - but what exactly does that mean and are you a typical user?

Meanwhile, the charity Citizens Advice has estimated two million people on prepayment meters could have their gas and electricity cut off because they cannot afford to top up.

The Department for Energy Security and Net Zero says its spending an average of £3,700 per household to support families with the cost-of-living. And there is some relief on the way as prices are predicted to fall in the spring.

Answering all your questions and comments with Felicity Hannah is Peter Smith, Director of Policy at the charity National Energy Action and Deputy Policy Director Daniel Portis from Energy UK which speaks for the industry.

Presenter: Felicity HannahProducer: Sarah RogersEditor: Jess Quayle

(This episode was first broadcast oat 3pm Wednesday the 24th of January 2024)

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