Energy anxiety | comparethemarket.com

Over 65’s feeling anxious over energy this winter

As temperatures start to dip, our latest research shows just how much our elderly are feeling the financial strain. While more than two fifths (43%) of over-65 year olds are worried that the cold weather will lead to higher energy costs, over one in ten (11%) across the UK are worried they won’t be able to afford an increase in their energy bills.

 Take a look at our map below to see how many over-65’s in your area have a sense of ‘energy anxiety’* - as well as the average energy bill in your area and how much you could save by switching.

energy anxiety
<%= CurrentBlock.Author %>

Peter Earl

Head of Energy

comparethemarket.com

“The rising cost of energy is a real concern for older people, especially at a time when household bills are already sky high. Cold weather already presents worrying health problems to the elderly and it is critical they should not be faced with additional costs at a time when they are at their most vulnerable. The government’s proposed price cap is not going to help them this winter and is unlikely to provide a silver bullet solution to the problem of soaring prices.

One of the problems is that energy bills are too complex. Our research shows that over one in five people (22%) in the UK don’t understand their bills. That’s why we have launched a Simple Bills Petition with John Penrose MP, calling on the industry to provide simpler bills to help UK households, including the elderly, stay on top of their finances.

This winter, the best thing for people to do to keep their energy costs as low as possible is to make sure they are not on a standard variable tariff, which tend to be far more expensive than fixed tariff deals. The best tariffs are likely to be offered by suppliers other than the one you’re currently with, so it pays to shop around and see if you can get a better deal. Our latest energy insight found that over 65-year olds saved an average of £200 on their energy bills in December by switching provider – the highest of any age group – so the opportunities to save money are there for those willing to spend just a few minutes making it happen.”

*Percentage of over 65 year olds who are worried that cold weather this winter will lead to higher than usual home energy costs

Compare energy suppliers

Get a quote in minutes and you could start saving

Get a quote