Thu Sep 12 07:20:52 UTC 2024: ## Pensioners Face Double Whammy: Less Winter Fuel, Higher Energy Bills
**London** – Pensioners are facing a difficult winter as they are set to receive less in winter fuel payments while facing a significant increase in energy bills.
The new Labour government has axed Winter Fuel Payments for nearly 10 million households, leaving only those on Pension Credit or means-tested benefits eligible for the payment. This change will save the Treasury approximately £1.5 billion per year.
Meanwhile, the energy price cap is set to rise by £149 for the average household from October, reaching £1,717. This increase, announced by energy regulator Ofgem, will mean higher energy bills for many, even though the cap limits the amount providers can charge per unit of gas or electricity.
The combined effect of these changes means that many pensioners will be almost £450 worse off this winter. While the full state pension will increase by £460 in April, this will be insufficient to offset the financial burden of the winter fuel payment cuts and energy price hike.
Ofgem Chief Executive Jonathan Brearley acknowledged the hardship this will cause for many households and urged those struggling to contact their energy company for assistance. He also advised consumers to consider fixed-rate tariffs that could offer savings.
Despite the financial challenges, pensioners can expect a small boost in their state pension from April due to the “triple lock” guarantee, which ties pension increases to average earnings growth, CPI inflation, or 2.5%, whichever is highest. However, the final increase will be confirmed in the autumn.
First Piper 