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Energy price analysis August 2022

Analysis of August 2022 Ofgem price cap and new Cornwall Insight.

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  • Average low-income family to pay four and a half times more for energy in 2023/24 compared to 2021/22
  • Single parents will hand over almost two thirds of their income after housing costs making risk their children will go hungry very real
  • Some single adults will see their finances wiped out by stratospheric energy bills that make up almost 120% of their income after housing costs, leaving many destitute
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