✔ The average home’s energy bills have risen by 5%
✔ You’ll pay different amounts for the same energy, depending on where you live
✔ Use our calculator to get an idea of how much the energy price rise will cost you
As of 1 January, the average household’s energy bill has gone up by 5%, to £1,928 per year.
Ofgem’s Default Tariff Cap (a new name; it used to be called the energy price cap) now changes every three months, and unfortunately its electricity and gas rates have stayed high.
You’ll pay more for each unit of electricity and gas you use, and prices are still about double what they were in 2020 – but standing charges have stayed the same, so that’s something.
Our energy bill calculator will tell you how much you can expect to pay, depending on where you live in the country and the size of your home.
Energy bill calculator
It makes intuitive sense that larger homes would pay more for energy, but the reasons behind slight regional price differences require more explanation.
The amount that gas and electricity costs in any given part of the UK depends on the level of demand in that region, the amount of energy that suppliers therefore buy, and the price that local wholesalers charge.
Unfortunately, due to the UK’s lack of gas storage, Russia’s invasion of Ukraine, and a few other key reasons, energy costs have risen to record-high levels for UK customers.
And this energy crisis will last until October 2024 – at least.
If you want to cut your energy bills before then, we’d recommend looking into solar panels. You can compare prices and brands using our easy-to-navigate tool.
Just provide a few quick details, and our expert solar panel installers will be in touch with free quotes.
You can also read about what the UK thinks about the energy crisis in our 2023 National Home Energy Survey, which revealed that 56% of people have taken measures in the past 12 months to make their home more energy efficient.
