Energy price analysis March 2022
Analysis of March 2022 Ofgem price cap and new Cornwall Insight.
The analysis shows the impact of rising energy costs on household budgets. It finds that once housing costs are paid, even with the support package announced last month:
- £1 in every £5 from low-income family budgets could go on energy costs this year
- Single adults on low incomes could spend a shocking 49% of their incomes on energy
- The average low-income family faces an extra £850 on their annual energy bill