UK Energy Firms Commit £500m to Aid Struggling Households

The initiative aims to offset rising bills and reduced winter fuel payments, with government and industry collaboration.

Energy suppliers, in coordination with the government, will provide £500 million to support customers facing high energy bills this winter.
The support includes lending for bill payments, reducing standing charges, and funding a national debt advice campaign.
This initiative seeks to mitigate the effects of cutting winter fuel payments, which could push 100,000 pensioners into poverty by the decade's end.
The government's warm homes plan and this new support package together aim to provide £1 billion in assistance for energy efficiency and affordability.
Industry leaders are advocating for a long-term solution, such as a social tariff, to ensure sustainable affordability for vulnerable households.