The Impact of Energy Prices on Households

The escalating costs of gas and electricity have placed significant financial strain on UK households, with many now facing fuel poverty. A household is considered to be in fuel poverty if it spends more than 10% of its disposable income on energy, and recent data suggests that around one in five households are currently experiencing this issue. This dramatic increase in energy prices is not just a financial concern but also a political one, as it directly affects the living standards of millions. With approximately six million households affected, the conversation around energy pricing has become crucial in political discussions aimed at finding equitable solutions.