

Energy Price Guarantee Calculator – how much will I pay from April?
And what are the unit rates and standing charges under the EPG?
The Energy Price Guarantee currently sets the price almost everyone pays for their energy.
It’s a state-subsidised discount off the price cap rates which currently keeps a typical household bill at £2,500/year (see Martin's explainer of how it works below). The Government was planning to increase this to £3,000/year from 1 April, but we have been campaigning against this and it has now been confirmed the Energy Price Guarantee will remain at £2,500/year in a win for Martin Lewis and MSE.
However, there will still be a rise for everyone in April as the Government’s £66/£67 a month energy support is ending. And what you actually pay will depend on your usage, where you live and your payment method. This guide has a calculator to help you work out the impact on your bills and the new EPG unit rates and standing charges.
How much you'll pay under the Energy Price Guarantee from April
If you're on a standard tariff (most are), plug your figures into the calculator for an estimate of what you'll pay under the Energy Price Guarantee from 1 April 2023 until 30 June 2023, factoring in the end of the £400 support that all households have been getting and slight tweaks to the standing charges and unit rates that will also see a shift in costs...
How the Price Guarantee and Price Cap works
Watch Martin explain how it works, or if you’d rather read, we've got all the latest info in our Energy Price Guarantee need-to-knows.
The Energy Price Guarantee unit rates & standing charges
Here are the average unit rates for dual-fuel customers paying by direct debit under the Government's Energy Price Guarantee...
On Eco 7, Eco 10 or other non-standard tariff? Firms should reduce tariffs so the reduction works on the weighted average of the combined rates (about 4p per kilowatt hour for gas, dropping to 2p from 1 April, and 17p per kilowatt hour for electric), but it's up to firms how they implement this, so we can't say for certain what the rates you'll pay are.
New Energy Price Guarantee rates from 1 April to 30 June 2023 |
Current Energy Price Guarantee rates from 1 January to 31 March 2023 |
|
Gas | Unit rate: 10.31p per kilowatt hour (kWh)
Standing charge: 29.11p per day |
Unit rate: 10.33p per kilowatt hour (kWh)
Standing charge: 28.49p per day |
Electricity | Unit rate: 33.21p per kWh
Standing charge: 52.97p per day |
Unit rate: 34.04p per kWh
Standing charge: 46.36p per day |
Rates and standing charges are averages, which vary by region. Assumes payment by direct debit and includes VAT (at 5%). For those who pay each month after getting a bill, it's typically 6-8% higher. |
New Energy Price Guarantee rates from 1 April to 30 June 2023 | Current Energy Price Guarantee rates from 1 January to 31 March 2023 | |
Gas | Unit rate: 10.55p per kWh |
Unit rate: 10.82p per kWh Standing charge: 37.51p per day |
Electricity | Unit rate: 32.05p per kWh |
Unit rate: 33p per kWh Standing charge: 51.41p per day |
Rates and standing charges are averages, which vary by region. Assumes payment by prepayment meter and includes VAT (at 5%). |
ON RECEIPT OF A BILL: What are the average standing charges and unit rates for gas and electricity?
New Energy Price Guarantee rates from1 April to 30 June 2023 | Current Energy Price Guarantee rates from1 January to 31 March 2023 | |
Gas | Unit rate: 10.98p per kWh
Standing charge: 34.34p per day |
Unit rate: 11.27p per kWh
Standing charge: 33.54p per day |
Electricity | Unit rate: 35.90p per kWh
Standing charge: 59.51p per day |
Unit rate: 37.67p per kWh
Standing charge: 52.40p per day |
Rates and standing charges are averages, which vary by region. Assumes payment on receipt of a bill and includes VAT (at 5%). |
What you should be doing now to help yourself
There are no regular tariffs meaningfully cheaper than the Price Guarantee, so you can't switch and save right now. Yet there are three areas to focus on...
- Try to cut your energy usage. There are lots of ways to easily reduce what you use. Try our new interactive energy saving tool, where you can click around a virtual house to find out how much things cost to run and how to cut back. Also, see more Energy saving tips, the Energy mythbusters guide for less clear-cut issues, and our Heat the human guide.
- Check you're paying the right amount. You can use our 'Direct debit too high?' calculator to check.
- Have you got all the help you qualify for? First check you've got the £400 help all households are eligible for – important as some on prepay meters haven't claimed theirs. Plus if you can't pay, check our Struggling to pay – energy help guide.
- How does The Energy Price Guarantee and Energy Price Cap work? For full info, see our Energy Price Guarantee need-to-knows and Energy Price Cap FAQ.
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