As the company established a £50 million emergency support fund, National Grid’s chief executive warned about an “exponential increase” in customers seeking assistance with their energy bills.
According to John Pettigrew, donations will be made this winter and the following to organizations that support vulnerable households and offer guidance on energy-saving measures to reduce costs over the long term.
The decision was made in response to concerns that a growing number of households will experience fuel poverty this winter as a result of the cost of living crisis and high energy costs.
The Fuel Bank Foundation, which provides crisis financial assistance and guidance to struggling households with prepayment meters, received a £10 million donation pledge from National Grid. It will give Citizens Advice £10 million and National Energy Action £1.5 million.
Additionally, it will contribute £1 million to the National Energy Foundation, which works to increase residential energy efficiency, and another £10 million to Affordable Warmth Solutions, which will offer home insulation and other energy-saving measures to households that do not qualify for government programs.
