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In the UK fuel poverty is defined as any household that spends more than 10% of their take home on energy. This means that within about a year March 2022 to Ap
by dogma1138 4y ago
In the UK fuel poverty is defined as any household that spends more than 10% of their take home on energy.
This means that within about a year March 2022 to April 2023 the line will shifted for a single earner earning below minimum wage to a single earner in the 97th-98th+ percentiles.
If the cap reaches £7K a single earner household on £140,000 with a 5% pension contributions and a student loan (England and Wales) would be considered in fuel poverty.
Excluding pension contributions and students loans drops the required figure to be in fuel poverty to anyone who’s earning £110,000 or less.
The median disposable (take home) household income in the UK is £31,400 with the October price cap of £3500 more than 50% of households would be in fuel poverty already.
In January and April this will likely jump to 99% of households unless drastic measures will be taken.