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Mayor announces Energy Fund to help vulnerable people with fuel bill hikes

Cost of Living image

The Energy Fund will help vulnerable residents with the increase in fuel bills

An emergency Energy Fund will be set up by Tower Hamlets Council to help with fuel hikes as part of the council’s ongoing support to residents during the cost-of-living crisis.

The Energy Fund will complement the recently introduced £2.7m cost of living package which was announced by the Mayor last month.

Many households face a winter of discontent as gas prices are set to soar by a staggering 78 per cent on 1 October. Figures nationally suggest some families could end up paying more than 100 per cent of what their bill was last year.

It is likely everyone will see a spike in their energy bill.

To tackle the impact this will have on families already being squeezed by the cost of living, Mayor Rahman has set up a £1 million emergency Energy Fund.

The fund will hand out grants of up to £200 to our most vulnerable residents, who are shown through council data to be at the most severe risk of being unable to pay their fuel bills. Around £200,000 has already been earmarked for pensioners. Eligible residents will receive further details by the end of September.

In addition, the council set up a £2.7m cost of living relief package last month with some support from the Government- giving thousands of families one-off grants of £100.

Under the package households who have benefits related eligibility for free school meals will receive a £100 per child payment, while a £100 per child payment will also be made available to other households deemed at most risk of poverty.

A total of 17,500 grant payments of £100 are set to be paid under the plan, costing the council £1.75m, with some households eligible for multiple grant payments

 Lutfur Rahman, Mayor of Tower Hamlets, said:

 “The incredible hikes in energy prices are going to be unaffordable for many of our residents. A perfect storm is being created where families will have to make an impossible choice between eating and heating.

 “People are understandably worried, and the Government is taking too long to reassure them with a suitable support package. As a council, we must do what we can to help our residents which is why we are introducing an Energy Fund to hand out grants of £100 to those who need it most.”

 Cllr Saied Ahmed, Cabinet Member for Resources and the Cost of Living, added:

 “We have already established a £2.7m cost of living relief package in Tower Hamlets, which will benefit 26,000 of the borough’s most vulnerable residents.

 “We know there is more that needs to be done and we will continue to do all we can to support our residents through this challenging time.”

 

  

 

Posted on Tuesday 9th August 2022