St Albans Lib Dems call for ‘Robin Hood’ tax as yearly energy bills in city set to soar by £613 a year


Residents in St Albans face a £613 rise to energy bills in April, new figures have revealed.

Analysis by the Liberal Democrats shows that the average yearly energy bill for homeowners in St Albans is set to skyrocket by £613 - the equivalent of £51 a month - once the new energy price cap comes into effect.

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This is above the forecasted national average uplift in bills for each household of £598 per year, meaning people in St Albans are set to be hit harder than most across the country.

Last year the average homeowner in St Albans paid out £776 for their annual energy bill. Under the new price cap coming into force in April, that figure is set to rise to £1,389.

The energy price cap is expected to be around £1,865, according to energy experts. More misery looms on the horizon for residents in St Albans unless action is taken to help them with the cost of bills, with the price cap expected to increase to over £2,000 when it is revised again in the Autumn.

St Albans Liberal Democrats are calling for a one-off ‘Robin Hood’ tax on the super-profits of oil and gas giants, to fund an emergency package of support for local residents facing eye-watering increases to their heating bills.

This would include the doubling and expansion of the Warm Home Discount to those in receipt of Universal Credit or Pension Credit, giving 8868 households in St Albans £300 each off their heating bills this year.

The Liberal Democrats are also calling for the doubling of the Winter Fuel Allowance to be doubled, helping 9,610 pensioners in the area keep their homes warm.

St Albans MP Daisy Cooper said:  

“While millions can't afford to heat their homes, energy giants are raking in record profits.

“It’s time Boris Johnson stopped taking our local communities for granted and offered families the support they need to cope with energy price hikes.”

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Notes:

For a full breakdown of the forecasted median increase to energy bills in April by local authority area, see here.

Source: Energy efficiency of Housing, England and Wales, local authority districts - Office for National Statistics - March 2021

Data is from the end of March 2021 - the price cap level at the time was £1,042 (prior to the increase in the price cap on April 1st 2021).

The expected price cap in April 2022 is £1,865, as per energy experts Cornwall Insights. 

The difference is £823 - a 79% increase. This percentage has been used to project the increase in median bills.

 


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