Support with rising living costs Energy Price Cap If you’re on a standard tariff, you’ll be paying the Energy Price Cap set by Ofgem. The Energy Price Cap rates are the maximum amount you’ll pay per unit of gas or electricity. will rise by 5% on average from 1st January 2024. The price you pay is dependent on how you pay and the area of the UK you live in. The following rates are the capped Energy Price Cap unit rates for payment by direct debit for households in the South West from 1 January to 31 March 2024:
Electricity Unit rate:
28.43p per kWh
Standing charge:
58.68p per day
Gas Unit rate:
7.62p per kWh
Standing charge:
29.59p per day
From 1 January 2024, a typical household paying by direct debit will pay £1,928/year, which means average bills will rise by 5%.
3
