Energy Price Cap Calculator – how much more will you pay from October?
And what are the unit rates and standing charges under the Price Cap?
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. Use the calculator in this guide to estimate how much YOU'LL pay.
How much more you'll pay under the Energy Price Cap from October
If you're on a standard price-capped tariff (most are), plug your figures into the calculator for an estimate of the change to your energy costs...
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The Energy Price Cap unit rates & standing charges
Here are the average unit rates for dual-fuel customers paying by Direct Debit under the Energy Price Cap...
CURRENT Energy Price Cap rates 1 July to 30 September 2024 |
NEW Energy Price Cap rates from 1 October to 31 December 2024 |
|
Gas | Unit rate: 5.48p per kilowatt hour (kWh) Standing charge: 31.41p per day |
Unit rate: 6.24p per kWh Standing charge: 31.66p per day |
Electricity | Unit rate: 22.36p per kWh Standing charge: 60.12p per day |
Unit rate: 24.50p per kWh Standing charge: 60.99p per day |
Here are the average unit rates for dual-fuel customers paying by prepayment under the Energy Price Cap...
CURRENT Energy Price Cap rates 1 July to 30 September 2024 |
NEW Energy Price Cap rates from 1 October to 31 December 2024 |
|
Gas | Unit rate: 5.26p per kWh Standing charge: 31.41p per day |
Unit rate: 6.01p per kWh Standing charge: 31.66p per day |
Electricity | Unit rate: 21.59p per kWh Standing charge: 60.12p per day |
Unit rate: 23.68p per kWh Standing charge: 60.99p per day |
Here are the average unit rates for those who pay on receipt of a bill (also known as standard credit) under the Price Cap...
CURRENT Energy Price Cap rates 1 July to 30 September 2024 |
NEW Energy Price Cap rates from 1 October to 31 December 2024 |
|
Gas | Unit rate: 5.77p per kWh Standing charge: 35.24p per day |
Unit rate: 6.57p per kWh Standing charge: 36.31p per day |
Electricity | Unit rate: 23.54p per kWh Standing charge: 65.93p per day |
Unit rate: 25.79p per kWh Standing charge: 67.06p per day |
How to cut your energy costs
There are a few areas to focus on...
- Have you got all the help you qualify for? Even with the Price Cap dropping, prices will still be unaffordable for many. Check our Struggling to pay – energy help guide to ensure you're getting all the help you're entitled to.
- Should I fix my energy? The one bright spark in the energy market in recent months has been the return of more fixed tariffs. Based on current predictions, if any firm offers a fix for about 10% more than the July Price Cap, that looks a decent deal. Fixed deals for more than this may still be worth considering if you strongly value price certainty.
It's a complex decision, so for everything you need to think about, see our Should you fix? guide for a rundown of all your switching options. For a bespoke comparison of your potential savings against your current fix or the Price Cap for the next year, try our Cheap Energy Club.
- How does the Energy Price Cap work? For full info, see our Energy Price Cap FAQs.
- Try to cut your energy usage. There are lots of ways to reduce what you use. See our Energy saving tips, the Energy mythbusters guide for less clear-cut issues, and our Heat the human guide.
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