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News 16 February 2024 Updated 23 February 2024

Our response to the April 2024 energy price cap changes

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Please note that this page contains information and links most relevant for people living in England, Scotland, Wales.

Ofgem has confirmed that the energy price cap from 1 April to 30 June 2024 will be £1,690 a year for a typical dual-fuel household paying by direct debit. This is a reduction of £238 a year compared to the current price cap. 

Gas and electricity rates for England, Wales and Scotland from 1 April to 30 June 2024 

Electricity 

  • Unit rate: 24.50p per kWh 
  • Standing charge: 60.10p per day 

Gas 

  • Unit rate: 6.04p per kWh 
  • Standing charge: 31.43p per day 

The energy price cap sets the maximum amount suppliers can charge for each unit of gas and electricity. So, your energy bills could be higher or lower depending on how much energy you use.

Responding to the update, Mike Thornton, chief executive at Energy Saving Trust, said:

“Lower energy prices may ease some of the pressure on households this spring but energy costs remain inflated. The ongoing fluctuations only further highlight the UK’s susceptibility to unstable international fossil fuel markets.

“The solutions centre around strengthening the UK’s energy security. In practice, this means supporting people to use less energy to start with, rolling out low carbon heating and scaling up UK renewable energy generation and storage. All of which are also key to achieving net zero targets.

“While we know that improving energy security is high on the political agenda this election year, current and proposed policies in these areas are missing the mark. Rather than making long term commitments to improve the UK’s inefficient housing stock, we’re seeing roll backs and watering down from all sides.

“All parties need to recognise that providing people with financial incentives underpinned by independent, personalised advice, will enable and empower them to actively engage in upgrading their homes to permanently lower energy bills and carbon emissions.

“The upcoming Spring Budget may be the final chance for this government to demonstrate its commitment to these solutions and we very much hope that they will step up.”

Quote from Energy Saving Trust chief executive Mike Thornton on the April 2024 energy price cap predictions from Cornwall Insight

Last updated: 23 February 2024