Energy Price Cap Calculator – how much less will you pay from July?
And what are the unit rates and standing charges under the Price Cap?
The Energy Price Cap, which controls what most households pay for energy, fell by 7% on average on 1 July, meaning the vast majority in England, Scotland and Wales will see their bills fall. What YOU PAY depends on your usage, how you pay and where you live. Use the calculator in this guide to estimate how much less YOU’LL pay.
How much less you’ll pay under the Energy Price Cap from July
If you’re on a standard, price-capped tariff (most are), plug your figures into the calculator for an estimate of the change to your energy costs…
What you’ll pay under the Energy Price Cap from July 2024
Important (please read before using the calc):
1) This tool is only for those in England, Scotland and Wales.
2) It’s for standard tariffs under the Price Cap, not fixed deals or Economy 7/10.
3) It doesn’t factor in any debt or credit on your account.
4) It’s not 100% accurate as each firm charges slightly different rates, but it should be in the right ballpark.
5) The tool gives an annual equivalent price under the Price Cap rates from July, but these will change again in October.
The Energy Price Cap unit rates & standing charges
Here are the average unit rates for dual-fuel customers paying by Direct Debit under the Energy Price Cap…
DIRECT DEBIT: What are the average standing charges and unit rates for gas and electricity?
| CURRENT Energy Price Cap
rates 1 July to 30 September 2024 |
PREVIOUS Energy Price Cap
rates from 1 April to 30 June 2024 |
|
| Gas | Unit rate: 5.48p per kilowatt hour (kWh)
Standing charge: 31.41p per day |
Unit rate: 6.04p per kWh
Standing charge: 31.43p per day |
| Electricity | Unit rate: 22.36p per kWh
Standing charge: 60.12p per day |
Unit rate: 24.50p per kWh
Standing charge: 60.10p per day |
Rates and standing charges are averages, as these 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% higher.
– Prices vary by region – see regional Direct Debit rates and charges for 1 July to 30 September 2024
Here are the average unit rates for dual-fuel customers paying by prepayment under the Energy Price Cap…
PREPAYMENT: What are the standing charges and unit rates for gas and electricity?
| CURRENT Energy Price Cap
rates 1 July to 30 September 2024 |
PREVIOUS Energy Price Cap rates from 1 April to 30 June 2024 |
|
| Gas | Unit rate: 5.26p per kWh
Standing charge: 31.41p per day |
Unit rate: 5.82p per kWh
Standing charge: 31.43p per day |
| Electricity | Unit rate: 21.59p per kWh
Standing charge: 60.12p per day |
Unit rate: 23.72p per kWh
Standing charge: 60.10p per day |
Rates and standing charges are averages, as these vary by region. Assumes payment by prepayment meter and includes VAT (at 5%).
– Prices vary by region – see regional rates and charges for prepayment for 1 July to 30 September 2024
Here are the average unit rates for those who pay on receipt of a bill (also known as standard credit) under the Price Cap…
ON RECEIPT OF A BILL: What are the average standing charges and unit rates for gas and electricity?
| CURRENT Energy Price Cap
rates 1 July to 30 September 2024 |
PREVIOUS Energy Price Cap rates
from 1 April to 30 June 2024 |
|
| Gas | Unit rate: 5.77p per kWh
Standing charge: 35.24p per day |
Unit rate: 6.36p per kWh
Standing charge: 35.21p per day |
| Electricity | Unit rate: 23.54p per kWh
Standing charge: 65.93p per day |
Unit rate: 25.79p per kWh
Standing charge: 65.88p per day |
Rates and standing charges are averages, as these vary by region. Assumes payment on receipt of a bill and includes VAT (at 5%).
– Prices vary by region – see regional rates and charges for payment on receipt of a bill from 1 July to 30 September 2024
What are the standing charges and unit rates for gas and electricity under the Energy Price Cap on receipt of a bill for my region from 1 July to 30 September 2024?
| Gas | Electricity | |
| North West | Unit rate: 5.68p per kWh Standing charge: 35.25p per day |
Unit rate: 23.77p per kWh
Standing charge: 56.43p per day |
| Northern | Unit rate: 5.75 per kWh
Standing charge: 35.24p per day |
Unit rate: 22.40p per kWh
Standing charge: 77.60p per day |
| Yorkshire | Unit rate: 5.74 per kWh
Standing charge: 35.24p per day |
Unit rate: 22.33p per kWh
Standing charge: 73.60p per day |
| Northern Scotland | Unit rate: 5.68p per kWh
Standing charge: 35.25p per day |
Unit rate: 24.10p per kWh
Standing charge: 66.86p per day |
| Southern | Unit rate: 5.85p per kWh
Standing charge: 35.24p per day |
Unit rate: 23.68p per kWh
Standing charge: 69.77p per day |
| Southern Scotland | Unit rate: 5.68p per kWh
Standing charge: 35.25p per day |
Unit rate: 22.97p per kWh
Standing charge: 69.02p per day |
| North Wales & Mersey | Unit rate: 5.74p per kWh
Standing charge: 35.24p per day |
Unit rate: 24.45p per kWh
Standing charge: 72.84p per day |
| London | Unit rate: 5.84 per kWh
Standing charge: 35.24p per day |
Unit rate: 24.76p per kWh
Standing charge: 45.08p per day |
| South East | Unit rate: 5.69p per kWh
Standing charge: 35.25p per day |
Unit rate: 24.35p per kWh
Standing charge: 62.98p per day |
| Eastern | Unit rate: 5.68 per kWh
Standing charge: 35.25p per day |
Unit rate: 24.30p per kWh
Standing charge: 55.58p per day |
| East Midlands | Unit rate: 5.62 per kWh
Standing charge: 35.25p per day |
Unit rate: 22.78p per kWh
Standing charge: 61.77p per day |
| Midlands | Unit rate: 5.72 per kWh
Standing charge: 35.25p per day |
Unit rate: 22.83p per kWh
Standing charge: 68.68p per day |
| South Western | Unit rate: 6.07 per kWh
Standing charge: 35.22p per day |
Unit rate: 23.26p per kWh
Standing charge: 73.71p per day |
| South Wales | Unit rate: 5.98p per kWh
Standing charge: 35.23p per day |
Unit rate: 23.55p per kWh
Standing charge: 69.04p per day |
| Assumes payment on receipt of bill and includes VAT (at 5%). | ||
How to cut your energy costs
There are a few areas to focus on…
- Have you got all the help you qualify for? Despite the Price Cap decreasing, many will still find prices unaffordable. Refer to our “Struggling to Pay – Energy Help Guide” to make sure you are receiving all the assistance available to you.
- Should I fix my energy? In recent months, a positive development in the energy market has been the reintroduction of more fixed tariffs. According to current forecasts, a fixed tariff priced at roughly 8% above the July Price Cap appears to be a good deal. Even higher-priced fixed deals might be worth considering if you prioritize price stability.
It’s a multifaceted decision, so to consider all factors, refer to our “Should You Fix?” guide for a comprehensive overview of your switching options. For a personalized comparison of your potential savings against the Price Cap over the coming year, see our detailed analysis.
- How does the Energy Price Cap work? For full info, see our Energy Price Cap FAQs.
- Try to cut your energy usage. There are lots of ways to reduce what you use. See our Energy saving tips, the Energy mythbusters guide for less clear-cut issues, and our Heat the human guide.