Changes to energy price cap between 1 July to 30 September 2024
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Supply and Retail Market
Every three months we review and set a level on how much an energy supplier can charge for each unit of energy.
From 1 July to 30 September the price for energy a typical household who use electricity and gas and pay by Direct Debit will go down to £1568 per year. This is £122 per year lower than the price cap set from 1 April to 30 June 2024 (£1690).
You are covered by the energy price cap if you pay for your electricity and gas by either:
- standard credit (payment made when you get your electricity and gas bill)
- Direct Debit
- prepayment meter
- Economy 7 (E7) meter
The actual amount you pay will depend on how much energy your household uses, where you live and type of meter you have.
Energy price cap rates 1 July to 30 September
Electricity rates
If you are on a standard variable tariff (default tariff) and pay for your electricity by Direct Debit, you will pay on average 22.36 pence per kilowatt hour (kWh). The daily standing charge is 60.12 pence per day. This is based on the average across England, Scotland and Wales and includes VAT.
Gas rates
If you are on a standard variable tariff (default tariff) and pay for your gas by Direct Debit, you will pay on average 5.48 pence per kilowatt hour (kWh). The daily standard charge is 31.41 pence per day. This is based on the average across England, Scotland and Wales and includes VAT.
Costs included in the energy price cap
The level of the energy price cap is made up of different costs, for example the wholesale cost of gas and electricity, costs to supply energy on the network and VAT. These costs are split within the price cap between the unit rate and the standing charge.
Read about typical household energy use and how the energy price cap is calculated on our Average gas and electricity use explained page.
View and compare 1 July to 30 September and 1 April to 30 June energy price cap standing charges and unit rates by region.
You can also get and compare all the energy price cap (default tariff) levels.