How will the October '25 energy price cap rise affect your bills?

National World - News and sport explainers

From October 1st, the energy price cap is rising by around 2%. Standing charges are going up sharply, hitting low-usage homes hardest. Here’s what the changes mean for your bills — and why checking fixed deals could save you money.

Transcript

00:00From October 1st energy bills will go up. Here's everything you need to know about

00:04the energy price cap rise. The regular off-gen is increasing the cap by about

00:092% on average for standard tariffs. This means your unit rates what you pay per

00:15kilowatt hour and your standing charge the fixed daily cost just to have

00:20energy connected will change. The big impact comes from standing charges. For

00:27electricity the standing charge jumps by around 4.5%. For gas it's up by about 14%.

00:34Because of this low usage homes those who don't use much energy will feel the rise

00:42more. They end up paying more proportionately. Meanwhile heavier users

00:49see less impact since their unit costs are being cut slightly. On average a

00:54dual fuel home paying by direct debit will see a yearly bill of around £1,755

01:00under the new cap. Roughly a 2% increase. Pre-payment households will see a

01:06similar jump.

Category

Transcript

Be the first to comment

Recommended