Between 1 October and 31 December 2024, Ofgem’s energy price cap limits the unit cost of electricity to 24p per kilowatt hour (kWh) and 6p per kWh for gas.
During this time, typical households in England, Scotland and Wales will pay around £1,717 annually on energy bills.
Ofgem has confirmed the new energy price cap for 1 January to 30 March 2025. This means these households will see annual energy bills of around £1,738 a year. This is £21 more than under the previous energy price cap.
For more information, read our guide to the energy price cap. If you live in Northern Ireland, visit Utility Regulator to see how your bills compare.
If you’re on a pre-payment meter you will now pay the same cost per unit of energy as people who pay by direct debit. This is good news because people on pre-payment meters were paying more.
If you have a pre-payment meter your energy supplier should apply the new rate automatically. You don’t need to apply or process any vouchers.