How to calculate your bill
If you want to calculate how much you pay on your current fix, you will need to find out both your unit rate for gas and electricity and the standing charge for each fuel type.
The unit rate is typically shown on your bill in p/kWh.
The standing charge is a daily charge that is paid 365 days of the year – irrespective of whether or not you use any gas or electricity.
Energy bill rise will ‘bite’ as Brits under financial pressure
Richard Neudegg, director of regulation at Uswitch.com, said: “This rate increase will bite during the coldest period of the year when households need to use the most energy.
“The price cap will go up by 5% from January due to the increases in the wholesale energy market.
“This means energy bills are likely to be the highest they’ve ever been for most homes this winter.
“Between January and March, average bills will be £46 more expensive than the same period last year when the government’s Energy Bill Support Scheme was in place.”
What has Ofgem said?
Jonathan Brearley, chief executive of Ofgem, said: “This is a difficult time for many people, and any increase in bills will be worrying.
“But this rise – around the levels we saw in August – is a result of the wholesale cost of gas and electricity rising, which needs to be reflected in the price that we all pay.
“It is important that customers are supported and we have made clear to suppliers that we expect them to identify and offer help to those who are struggling with bills.”
Energy bill rise confirmed as Brits face another cash blow
Brits are set to face another rise in energy costs as bills are to increase in January.
The energy regulator Ofgem has confirmed the new price cap, which comes into effect on January 1.
The cap will rise from £1,834, the lowest figure since March 2022, to £1,928 a year.
It means the average household will see their annual bill increase by £94.
