Britons can check below how much their energy bills will go up by this month as the energy price cap increases.
The rise in the unit price of electricity and gas will increase bills by on average five percent, with total energy bills for a typical household rising to £1,928 a year.
A person can use the calculator tool below to find out exactly how much their bills will go up from this month.
From yesterday, direct debit households will be charged 7.42p per kilowatt hour (kWh) for gas and 28.62p per kWh for electricity. This is up from the 6.89p per kWh and from 27.35p respectively.
Households with prepayment meters will see their typical annual bill rise to £1,960 while those who pay their bills every three months by cash or cheque now have a typical annual bill of £2,058.
Energy regulator Ofgem, which sets the cap, said: “Every three months we review and set a level on how much an energy supplier can charge for each unit of energy.
“The increase in the price cap is because the cost of wholesale gas has gone up in recent months. This is due to world events including the conflict in the Middle East.
“Historically, people on prepayment meters have paid higher standing charges than direct debit customers. This is because it costs energy suppliers more to serve prepayment meter customers.
“The Government is currently subsidising prepayment meter customers through the energy price guarantee, to ensure that they pay no more for their energy than direct debit customers, but this support is due to expire at the end of March 2024.”
Another thing for bill payers to consider is that bills will be substantially higher than this time last year as people are not receiving the £67 a month instalments from the energy bills support scheme.
This provided a £400 payment to all households with a domestic energy supply to help with the rising cost of energy bills.
However, millions of Britons on low incomes will receive a £299 cost of living payment in a month’s time, between February 6 and 22.
The payment is going out to people on certain means-tested benefits, including Universal Credit and Pension Credit.
The qualifying period to get the payment was from November 13 to December 12. A person will need to have been entitled to one of the benefits during this time to qualify for the funds.
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