Save more than £200 on energy bills during the next year by making these changes before winter
dailyrecord.co.ukOfgem lowered the energy price cap at the start of October by £151 from the current £2,074 per year to £1,923 for millions of households across Scotland, England and Wales.
The slight drop will benefit households on a standard tariff with typical usage, however, it’s important to remember the price cap doesn’t relate to a cap on the total amount of money people will pay for using gas or electricity.The cap simply limits the amount a supplier can charge per unit of gas or electricity they sell, which means if you use more, you’ll pay more, similarly, use less and you will pay less.
However, even if you never used any gas or electricity, the standing charges alone amount to £303 each year.From now until the end of December, the price a supplier can charge for gas will drop from 6.9p per kilowatt hour (kWh) to 6.89p, while the price of electricity will fall from 30.1p per kWh to 27.35p.
New guidance on GOV.UK explains how heating and hot water account for over half of the average household’s energy bills, so it’s important to know what you can do to prepare your heating system for the colder winter months and save money on your energy bills.
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