That’s according to research from Uswitch, which suggests nearly a fifth of households (18%) have struggled to pay crucial bills or mortgage payments in the past 12 months due to escalating energy expenses.
According to the survey, almost a quarter of households (24%) fear having to lower their heating this winter to allocate funds for food, while 10% anticipate having to turn it off entirely.
Nearly one-in-six (15%) expect to cut spending on food to afford heating.
The impact of high energy costs has already led to financial sacrifices, with one in five households (18%) selling possessions for additional cash.
As winter approaches, cutbacks on restaurant dining (41%), fast food (40%), streaming subscriptions (26%) and charitable contributions (24%) are expected.