The decade between 2002 and 2012 saw energy bills rise by 55%, or, adjusting for inflation using the Consumer Price Index, from £69 per month in 2002 to £106 in 2012.
In addition, a higher cost of living, combined with slow salary growth led to households in 2012 spending 5.1% of their income on energy, up from 3.3% in 2002.
‘Energy is becoming increasingly unaffordable for many consumers’
Energy Expert at uSwitch Tom Lyon said: “Today’s figures highlight that energy is becoming increasingly unaffordable for many consumers. Our own research shows that the average annual energy bill for a household, using the same amount of gas and electricity each year, has rocketed by £800 or 169% from £472 in 2004, to an eye-watering £1,272 a year today.
“The impact of rocketing bills is clear and consumers are having to ration their energy use; over seven in ten households (73%) have gone without heating at some point this winter because of the cost and over a third (36%) say these cutbacks are affecting their quality of life or health. What’s more is that over eight in ten (83%) expect household energy to increase again this year which means these figures could be even higher by next year.
£284 difference between cheapest and most expensive plans
“However, rather than compromising on health, I would urge consumers to take a few simple steps which could help them keep a lid on bills.
“There is currently a £284 difference between the cheapest and most expensive tariff on the market, so shopping around could really put pounds back into pockets,” added Lyon.