Energy Price Cap and Tariffs

New energy price cap and tariffs from 1st October 2022

Stubborn energy switcherListening to the news about the increase in the ENERGY CAP makes people worried about the future costs of gas and electricity. But in addition to looking at the ENERGY CAP, one should be looking at the ENERGY TARIFFS for your gas and electricity USAGE.

Be prepared for new tariffs from you supplier if not already received, and see how they compare with the prices on your last bill. Everyone will pay different amounts depending on how much you use, but your tariffs are the same in your energy region.

Yes, this is a major shock, but it doesn’t mean you pay this. The energy cap is “Based on Ofgem price cap rates and customer with typical usage, paying by direct debit.” But, some people do not use the typical usage, and others use much more than typical usage. There are ways to reduce USAGE so that you can keep costs down.

Note: For details of the British Gas tariffs, see the British Gas website which also has useful information about the government discounts and many more helpful information.

How do we reduce energy usage?

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Cost to run 1 kW electric fire for 1 hour

How much does it cost to run a 1 kw electric fire for 1 hour?

That’s a question many people ask and which we’ll explain below. With these steps, the cost of running any piece of electrical equipment can be worked out.

A. Quick answer:

Up till 2021 it used to be 11 to 21 pence including VAT depending on who supplies your electricity. In 2022 there’s been a huge increase so now it’s more like 25 to 35 pence per kWh depending on your supplier and region you’re in.

A 1kW fire running for one hour uses 1kWh of energy in kilowatt hours. One kWh of energy costs about (say) 30 pence. (Look on your bill for the exact rate you are paying.) **This is why it pays to check what other suppliers charge.

(Updated 1 May 2022.)

Electricity cost calculator

Our Electricity Cost Calculator is designed to work out how much it costs to run individual electrical items. The important rating you need is the Wattage which is usually written on the item somewhere. Complete the yellow boxes, and the results are shown in the green boxes.

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