Energy price comparison

Make sure you aren't paying too much for your energy

To help protect consumers, the government has announced the Energy Price Guarantee, which came into effect on 1 October 2022.

This new scheme will reduce the unit cost of electricity and gas so that a household with typical energy use in Great Britain pays, on average, around £2,500 a year on their energy bill. This will be reviewed in April 2023.

With average usage, a household will save £1,000 a year (based on current prices from October). Energy suppliers will be fully compensated by the government for the savings delivered to households. 

For an individual customer, the amount paid under the Energy Price Guarantee will vary depending on how much energy they use, where they live, how they pay for their energy and their metering arrangement. The £2,500 figure is based on a household with typical consumption on a dual electricity and gas bill paying by Direct ebit.

You can find more information on the energy price cap, switching supplier, and links to approved switching sites, on the Ofgem website.