Octopus Energy gives away free electric blankets, amid global economic crisis

Octopus Energy gives away free electric blankets, amid global economic crisis

Octopus Energy gives away free electric blankets, amid global economic crisis
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Recent price hikes in gas and electricity sector drastically affects the cost of living in UK, an energy company is giving away thousands of free electric blankets to consumers as the expense of keeping homes warm reaches new heights. Octopus Energy will distribute 5,000 blankets to clients who are most in need as their gas and electricity costs climb.

If you want to save money, heating only a blanket for one or two individuals should be more efficient than trying to heat a complete room or house. “Stocks are quite low,” said Octopus, who had 5,000 blankets to give away. Customers can use the company’s online assistance tool to get their free blanket, which can also aid with any other questions they may have.

Depending on how much stock Octopus are left with, the blankets will be prioritized for individuals in the most financial need. With a national insurance tax hike, high fuel expenses, and inflation, bills have sky rocketed for millions of people since the beginning of this month and the new financial year.

The largest effect, by far, has been the increased price cap on energy bills, which was raised to £1,971 from April 1st by regulator Ofgem. As a result of the change, the typical household energy bill in the UK will increase by over £700 per year.

Experts have predicted that it will force millions of people into poverty, forcing them to choose between heating and eating.

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According to a survey, using an electric blanket for an hour each night would cost 28p, or £1.96 over a week. The actual sum will vary based on your tariff, which blanket you choose, and how long you use it for.

Octopus Energy’s CEO indicated today that the business will assist those who are having trouble paying their bills, while also warning that energy rates could rise much further. Greg Jackson, the company’s CEO, said there’s “no getting around” the fact that energy prices have risen “dramatically,” admitting that the cost-of-living situation is “extremely real.”

While talking to a news organization Mr. Jackson said that the problem is that people who do not pay contribute to the costs of everyone else. “We don’t send the heavies,” he added. “We work with people to help them get through difficult moments like this, listening and assisting where we can.” We’ve never sent the heavies around before, and we’re not going to start now.”

 

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