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Will The World See A U-turn In Nuclear Energy?

Will The World See A U-turn In Nuclear Energy?

With many nuclear reactors aging,…

Heat Or Eat: UK Households Brace For A Difficult Winter

More than three million UK households are facing a troubled winter in debt to their energy supplier – half a million more than last year – according to comparison service USwitch.com

Its latest research reveals that 59 percent of households say they are either worried or very worried, about how they are going to pay for their energy bills over the coming months.

Almost a fifth (17 percent) of households say they will now avoid putting the heating on even when it’s cold, and more than two million will spend less on food/

The anxiety reflects rising levels of debt, as UK households are now going into the coldest time of year owing £510m to suppliers.

This is an increase of £77m since 2020, with many feeling extra pressures caused by the rising cost of energy.

Meanwhile, the number of households in credit has fallen by four percent compared to last year.

Three-fifths of indebted households (62 percent) say their debt is higher or the same as it was last year, while only one in eight (13 percent) say the amount they owe is lower.

The average amount owed is £153.

Related: Oil Prices Slide On Fears Of Tighter Fed Policy

Justina Miltienyte, energy policy expert at Uswitch.com, said: “No customer should have to choose between heating or eating and it’s alarming that many households are facing that decision this winter.”

Offering advice to consumers, she added” “Anyone who is worried about their energy bills, or their existing debt, should contact their energy supplier in the first instance to see if they can set up an affordable repayment plan.”

USwitch used Opinium to conduct the research, who surveyed over 2,000 adults in the UK to reach their findings.

The findings follow the collapse of four more UK energy firms this week as challenger companies struggle with spiralling wholesale costs.

By City AM

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  • George Doolittle on November 03 2021 said:
    True of Russia, true of China, true of all of Western Europe and Canada...basically true of the whole World outside of the United States.

    Indeed no less than the United Nations has queried a private non food delivery Company Tesla to literally save the World from Global hunger and indeed starvation.

    Meanwhile there are USA based Companies such as "beyond meat" and Impossible Foods in fact working on that!

    And I think they will succeed as well.

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