– Revealed: The figures that show just how badly rising energy bills have ravaged household budgets over the last decade (This Is Money, March 3, 2014):
Households won’t need reminding about the strain of rising energy bills over the past decade but new figures released today reveal the true extent of the rising costs that Britons faced between 2002 and 2012.
Measured in today’s prices, households spent £69 on energy every month in 2002. A decade later this had risen to £106 – an eye-watering 55 per cent rise. Rising bills combined with muted wage growth mean households spent the equivalent of 5.1 per cent of their income on household energy in 2012, up from 3.3 per cent in 2002 – a rise of 54 per cent.