The Energy Price Guarantee
The unit prices of energy are now frozen until April 2023 because of the Energy Price Guarantee. The guarantee started on 1 October 2022 for the UK and 1 November for Northern Ireland.
The price freeze means that the average household could be paying £2,500 a year for their energy bills.
Remember, this isn't a cap on your energy bill, just the price of energy units. Your bill could be higher than this depending on your energy usage.
Energy saving tips
These simple tips could reduce your energy usage and save you money each year:
| Energy saving tip | Saving |
|---|---|
|
Take 4-minute showers
|
£951
|
|
Switch devices off standby
|
£65
|
|
Run one 30°C less washing load a week
|
£34
|
|
Air dry your clothes
|
£70
|
|
Only fill the kettle with what you need
|
£43
|
|
Turn off lights
|
£25
|
|
Run one less dishwasher load a week
|
£17
|
For more ways to save, read our energy saving tips. Or for cheap fixes that could make your home feel warmer, read our home-warming hacks.
Energy saving top tip
Switch to LED bulbs and you could save
£15 per bulb per year2. They also last longer
than traditional bulbs and are much more efficient.
Some smart LED bulbs can help you save even
more money as you can switch them off remotely.
More on energy
How can I make sure I’m not over-paying for energy?
Taking accurate meter readings, even in the warmer months, can help keep your energy bills accurate. Otherwise, your energy company could estimate your bill. So you could be paying more or less for energy than what you're actually using.
How much is the average energy bill in the UK?
Here's an estimate of what you could be paying per month depending on if you're a low, medium or high energy user:
Low £110.563
Medium £159.60
High £221.40
There could be ways you can reduce this figure though. One way is to look at how energy efficient your appliances are and how much they cost to use.
Should I get a smart meter?
If you don't want to go into a dusty cupboard to read your meter, then a smart meter could be a good option. Smart meters send automatic meter readings to your supplier. This could make your energy bills more accurate.
Find out more about smart meters
How do I read my energy bill?
It's important to understand your energy bill so you can check your energy usage and see if you're paying the right amount.
More fuel saving ideas
Where can I find cheaper fuel?
Fuel prices change depending on the petrol station and where you are in the UK. Use our petrol prices tool to find cheaper fuel near you.
How much do your journeys cost you?
Use our fuel-cost calculator to work out how much fuel you're using and give yourself a better idea of how much your trips are really costing you.
Use the Confused.com app to save time and money
- Sign up to insurance reminders that could save you money
- Work out your car's monthly running costs
- Get a quicker car insurance quote
Handy tools to help you save money on insurance
How does the cost of your car insurance compare?
Check the average cost of car insurance for your age, and find out if you're paying more or less than others in your region.
Home insurance contents calculator
Work out the value of your possessions with our contents calculator. Don't overpay for home insurance.
1 Figures taken from the Energy Savings Trust. These prices are typical savings per year for a typical three-bedroom, gas-heated home in Great Britain. The prices for gas and electricity are based on the Energy Price Guarantee October 2022.
2 Figures taken from the Energy Savings Trust.
3 Based on Ofgem's typical energy usage table for low, medium and high usage households. We also used Ofgem's Average price cap unit rates from 1 April 2022:
Gas: £0.07 per kWh plus Daily standing charge: £0.27
Electric: £0.28 per kWh plus Daily standing charge: £0.45
This is an estimate. Figures will vary depending on usage, supplier and location in the UK.
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