Energy bosses today demanded Chancellor Rishi Sunak offer ‘unprecedented’ help for Britons as they warned of a ‘truly horrific’ situation in October when gas and electricity bills are set to soar again.
They detailed ‘a huge amount of anxiety’ among their customers, warned more than one-third of Britons could be pushed into fuel poverty, and said the worst-hit could end up paying as much as £1 in every £6 on their energy bills.
MPs also heard how debt levels were already soaring, even ahead of October’s expected next increase.
The energy bosses called on Mr Sunak and the Treasury to extend existing help for households, but also to go further by scrapping green levies on energy bills, cutting VAT on gas and electricity and also to consider a deficit fund to remove £1,000 from the bills of the most vulnerable.
The bosses of the UK’s largest energy companies urged Chancellor Rishi Sunak to offer further help for hard-pressed Britons ahead of another expected hike in bills