Euro Canals News

Your most trusted news channel

Dr Steve Buckley, head of Data Science at Loop, outlined that removal of this grant will hurt families even with the energy price guarantee remaining at £2,500 and Ofgem’s price cap dropping.

He explained: “On a monthly basis this will mean households are losing out on £67 regular support payments.

“With Ofgem reducing the energy price cap earlier this month, it is now actually cheaper for the government to support households, with a smaller amount to subsidise.

“Even if the energy price guarantee rise is scrapped, households will still face a significant scale back on Government support to manage costs, as winter discounts come to an end in the midst of a cold snap.