Half Of Britons Will Face Fuel Poverty By The End Of 2012?

A new study has revealed that around 30 million of the British people are to suffer from fuel poverty by the end of 2012 as the number of households struggling to pay their energy bills is to rise.

According to a report released by the SwitchGasandElectric.com yesterday on June 7, 37 percent of British consumers are considered as being in fuel poverty as they are currently spending over 10 percent of their income on gas and electricity bills on average.

“With that figure only set to rise, and with food bills and living expenses escalating too, most Britons are going to see their finances severely squeezed even further this winter,” she adds. Meanwhile, earlier on March, 2012, a report warned that due to rising energy prices and costly green taxes in Britain, the number of English households struggling to pay their fuel bills will rise to 9.2 million by 2016.

The Hills Fuel Poverty Review which was carried out by Professor John Hills, a London School of Economics academic who was assigned last year by the DECC to examine the issue of fuel poverty, also found that under the current definition of fuel poverty, around 4 million of the total of 21.5 million households in England are struggling to pay their bills.