The Fuel Bank Foundation is warning that millions of people will be forced to live without heat, light and power in their homes this winter due to the rising cost of topping up their prepayment energy meter. Ofgem announced last week that prepayment meter customers will pay £3,608 per year on the new price cap from October 1.
Energy prices are forecast to rise even higher in January (£5,111 for prepayment customers) and the charity says prepayment meter users will be the hardest hit. It says the cost to top up each month is expected to increase to £251 from October and £480 by December.
The Fuel Bank Foundation says these estimates will see four million households across the UK with a prepayment meter - the majority of whom are on a low income - face an energy bill of £713 in January 2023 alone.
