Isle of Wight households will typically pay an extra £693 a year on their energy bills from April.
The massive rise in energy bills will put a further pressure on people already facing higher prices, rising taxes and benefit cuts.
For those people on prepayment meters there will be a rise from £1,309 a year to £2,017 for a typical household bill.
The government has claimed that its £200 loan per household would ease people's anxiety over the price hike.
Speaking for The Footprint Trust their general manager Ray Harrington-Vail said:
“After waiting weeks for action on the pending biggest single energy rise for decades, the government has offered up a repayable loan. This does not tackle the issue of the fuel poor, which are those in most need.”
The average wage earner is likely to be £400 worse off than last year, Paul Johnson, director of the influential Institute for Fiscal Studies said, due to a combination of tax rises and inflation.
The higher energy price cap means a typical household will pay £1,971 a year from April, 54% more than they pay now, with a further rise expected in October.
The £693 a year rise will affect 22 million households, with 4.5 million customers on prepayment meters facing an even bigger increase of £708 a year.
The Isle of Wight has one of the highest levels of fuel and child poverty in SE England.
Footprint Trust tips
- If your energy company has gone bust download and keep your energy bills and take meter readings.
- Inform your utility company if struggling with bills, they will give you time to pay, spreading the cost over the summer months ahead.
- Apply for the £140 Warm home Discount from your electricity company.
- Ask Southern Water about the discounted Essentials Tariff, which could cut 20% off your water charges.
- If you have vulnerable people in your household sign up for the free Priority Services Register with your utility company.
- Keep your heating at 18 degrees, ever degree over that costs about £80 a year extra.
- Homeowners should insulate their homes if this not already been done.
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