In April four million households would face gas shortages

In April four million households would face gas shortages: A recent study predicts that the percentage of households spending more than 10% of their budget on electricity will treble by April.

According to the Resolution Foundation, the proportion of English homes facing ‘fuel stress’ will rise from 9 percent to 27 percent.

According to the study, this equates to an additional four million homes.

The report’s authors indicated that expanding the Warm Homes Discount, spreading the cost of supplier failure over three years, and temporarily shifting environmental levy expenses to general taxation are the best strategies to mitigate the impact of rising energy rates.

According to the research tank, the increase in costs would not be seen evenly across all areas.

According to the report, over one-third of homes in the North East would face fuel hardship, compared to 20% in London.

According to the survey, 38 percent of older billpayers over the age of 65 are expected to face complete stress when the next modification of the price ceiling is revealed.

Cornwall Insight forecasted a 46 percent increase in the existing price cap in April a few days ago.

In April four million households would face gas shortages