Annual Accounts & Impact Report
The pandemic has exacerbated the challenges facing households across England, Scotland and Wales – addressing the heightened socio-economic need is core to our approach as a funder. There are very real challenges ahead as the effects of the energy crisis unfold.
Poor households already struggling post-pandemic have now been hit by a perverse ‘perfect storm’ – no savings, increased debt, inflationary cost increases and significant rises in energy costs. The statistics suggest the situation is going to worsen. Winter and indeed 2022 look challenging.
The review of the price cap period for energy and an increase in National Insurance are likely to exacerbate the situation in April for families struggling to keep their heads above water.
Huge increases in energy prices, the uncertainty of future energy bills, and the very significant increases in energy bills that are widely expected to occur when the price cap is reviewed, raise important questions about what lies ahead for vulnerable consumers.
As a funder, we must now ask ourselves what works and what needs to change when it comes to supporting vulnerable households in, or at risk of, fuel poverty.