Unify Credit Union


Eight Ways to Beat Rising Bills

Tuesday 01st Mar, 2022

Members are being warned to brace themselves for a jump in what they pay for household energy in April, after changes to the energy price cap.


Members are being warned to brace themselves for a jump in what they pay for household energy in April, after changes to the energy price cap. 

Many expect this will lead to average bills soaring by as much as £700, taking the annual cost of electricity and gas for households on a supplier’s default tariff to £2,000.  

The boss of the UK’s largest energy supplier has said rocketing energy prices could last for as long as two years.

With inflation currently at 4.2 per cent and changes to National Insurance contributions coming in force in April it’s going to be a tough couple of years for residents.

The cost of living squeeze will be hardest for the poorest families, because they are most likely to receive universal credit and other benefits, and allocate a greater share of their spending to the necessities of food, gas and electricity.

Here are eight ways you can access support to meet rising living costs:

Citizens Advice has a comprehensive guide on what to do if someone is struggling with living costs of all kinds, and can be contacted to help signpost to services which can help.

If you are worried about meeting Unify Credit Union loan repayments, please speak to us – we can help: creditcontrol@unifycu.org


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