Millions of households are still struggling under the cost of living crisis (Image: GETTY)
Households mired in debt don’t have to battle their financial woes in isolation, as debt experts are highlighting the increasing number of families struggling to cover essential bills such as water amid the crisis.
The free debt counselling servicehas reported that 38% of those seeking assistance are lagging behind on their water bill payments.
With water bill costs set to spike significantly in April with an average increase of £123, depending on where you are in the country, this utility could soon become a major pressure point for households.
Sebrina McCullough, director of external relations at Money Wellness, voiced concerns that “millions of households” might find themselves sinking into debt over everyday essentials like water within the year but was quick to point out that support is close at hand.
Beginning with payment plans offered by some suppliers, customers can stretch out both their debts and future bills over a more manageable timeframe for their budgets.
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Additionally, various companies have social tariffs, aimed at supporting individuals on low incomes or receiving specific benefits. Thames Water’s social tariffs, for instance, offers a 50% reduction for homes where the water bill exceeds 5% of their net income.
Similarly, the WaterSure scheme caps bills for individuals with high water usage at an average rate for their area. This can be incredibly cost-effective for households with multiple children or those with medical conditions that necessitate higher water usage.
However, to qualify, you must be receiving certain benefits and have a water meter installed.
Water meters themselves can be a straightforward way to reduce water bills by ensuring you’re only charged for what you use. According to Ofwat, households with meters tend to pay around 16% less than those without.
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Some suppliers also offer matched payments schemes. Through these, for every £1 you pay towards your debt, the supplier will match it, allowing you to pay off your debt faster or even write off some of your outstanding debt.
The Household Support Fund can also provide assistance, depending on how your local authority is distributing it. Additionally, some private grants may be available to help people struggling to pay their household bills.
offers a grant search tool that can help outline your options.
There are also several places where struggling households can seek advice, including the , which also provides a grant search tool and benefits calculator, as well as the Priority Services Registers for vulnerable households.