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The Energy Price Cap, which controls what most households pay for energy, will rise by 10% on average on 1 October, meaning the vast majority in England, Scotland and Wales will see their bills go up. What YOU PAY depends on your usage, how you pay and where you live.
Updated 24 September 2024. Average annual energy bills will rise by 10% on Tuesday 1 October for those on standard price-capped tariffs (most households). But should you stay on the Price Cap, or move to a fixed deal? We've help to decide if fixing is right for you, plus analysis of the tariffs we've spotted... Cheap Energy Club is back.
Energy regulator Ofgem has now announced that on 1 October, the Price Cap will rise by 10% to £1,717 a year for a typical use household paying by Direct Debit. Though remember, it's the rates that are capped, so use more and you pay more. To see how this will affect your bill, see our Energy Price Cap calculator.
The average cost of electricity per kWh in the UK is 22.36p. That is a 8.7% decrease compared to previous rates. Here is the breakdown per region: Standing Charges and Unit Rates based on Ofgem's Price Cap from 1st July 2024.
Get help on comparing electricity prices and what factors you should be considering. Save money on your energy bills by switching online today at MoneySuperMarket.
- Most of the country’s energy comes from the Big Six, the six biggest energy suppliers in the UK. These are: British GasEDF EnergyE.ONNpowerScottish...
- Yes, there are. A number are available from the government or your local council, provided you qualify – usually if you are claiming certain benefi...
- Finding an energy tariff for your business is slightly different to domestic energy. You can request a call back from our energy experts, or call t...
- If your bills are included in your rent, or if your landlord rebills you for electricity costs, then it’ll be up to them to arrange your electricit...
- Whether you’ll be able to get a smart meter will depend on your provider and when they plan to roll them out in your area – they may be available a...
- Switching energy suppliers is quick and easy thanks to the energy switch guarantee. The whole process is taken care of by your new provider, and yo...
- You’ll be able to switch from a prepayment meter to a credit meter if you aren’t in debt to your current provider – but you might need to undergo a...
- The Energy Price Cap is calculated and set by Ofgem, and is reviewed quarterly. From 1st January 2024, the price cap brings average energy bills fo...
- The best way to track down a low cost energy deal is to compare prices with our quote generator at the top of this page. Just enter your postcode a...
Index Factsheet. The MSCI World Utilities Index is designed to capture the large and mid cap segments across 23 Developed Markets (DM) countries*. All securities in the index are classified in the Utilities sector as per the Global Industry Classification Standard (GICS®).
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Electricity and gas standing charges and unit rates by payment type for regions within England, Scotland and Wales. The price you pay for the standing charge and each unit of energy you use...
