A social tariff for energy could lift millions out of fuel poverty, OVO has said. A targeted social tariff offering discounted energy bills to those who need it most could lift millions out of fuel poverty.
The new report reveals current energy schemes are inadequate and urges the Labour Party government to implement a targeted social tariff. Fuel poor households are those who spend over 10% of their income after housing costs to power and heat their homes.
There are now 9 million fuel-poor households in England, higher than at the height of the energy crisis, according to OVO. Fuel poor households needed an extra £407 a year to escape fuel poverty in 2024 – a 62% jump since 2020.
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A more targeted “deep and narrow”