heartened to see that energy prices are heading in the right direction from the high point last winter. let s not forget that half of everybody s energy bills were paid by the government which shows that when times are tough and when the british people need that support, this government is prepared and ready to step in. the this government is prepared and ready to step in. ready to step in. the standing charue ready to step in. the standing charge has ready to step in. the standing charge has arisen ready to step in. the standing charge has arisen for- ready to step in. the standing charge has arisen for gas - ready to step in. the standing charge has arisen for gas and | charge has arisen for gas and electricity, can you explain to people why that is the right way to 90, people why that is the right way to go, if you believe it so? go, if you believe it so? that s a matter for go, if you believe it so? that s a matter for 0fgem. go, if you believe it so? that s a matter for 0
so while the unit price is capped, if you use more gas and electricity you will pay more. that applies to all plans and tariffs. but even if you used n0 energy during a month, most tariffs mean you ll still be paying fixed daily fees. they re called standing charges and they cover the cost of supplying gas and electricity to your home. those are also capped by 0fgem but like unit prices they ve gone up a lot in recent years. now, using all those various figures, 0fgem works out what it thinks the annual bill would be for a typical household using an average amount of energy. at the moment it s just over £2000. that s come down significantly since the start of the year. but it s not a fixed price, if you use more energy your bill will be higher. we expect that will fall once again.
cap takes effect from october to december. 0fgem says that is the lowest price cap has been since october 2021, a fall of 7% from where the price cap is currently. there are some important points to highlight. the cap limits how much providers can charge as per unit for gas and electricity when you are in standard tariff paid by direct debit. rememberthis, it is standard tariff paid by direct debit. remember this, it is not a cap on the overall bill. if you use more energy than average, you will pay more than the headline figure. that s really important to remember. when you look at the detail, the unit prices have come down by 7% but standing charges have barely moved. those are the fixed daily fees that you those are the fixed daily fees that w“ pay those are the fixed daily fees that you pay to cover the cost of the provider supplying the cost to your home. they have gone up by a fraction of a penny but they have gone up. that will keep putting the pressure on households. this win
it absolutely is a good thing for consumers. it s very, very positive that the market is moving now in their favour in the middle of a cost of living crisis and energy is returning to levels that we saw before the pandemic and specifically before the ukraine war. it s still double, though, so we still need to remember the impact that that has on households more broadly. for some, 0ctober s fall could still be cancelled out by higher standing charges and less government support than last winter. however, ministers say they are still providing a safety net for household bills and there is extra help for the most vulnerable. even last winter, i avoided putting on the heating as much as possible. you know, looking at my son, for example, he really does feel the cold. i m looking at thermal socks for him and things like that. last winter, there was one day he. i couldn t afford to put the heating on. i said, why don t you take your coat off? and he said, no, i m cold. he went the entire
or watching tv have become a source of anxiety. i ve had many sleepless nights surrounding whether or not i ve used too much energy in one day. it s been a massive concern for me for a very long time. you know, i ll go upstairs, get settled in bed, and then i ll be thinking to myself, 0h, did i switch the washing machine off? did i switch the oven off? did i switch the kettle off? and ifind myself some nights going up two or three times just to go round and double check. sophie isn t alone, but could there be some light at the end of the tunnel in the form of changes to the energy price cap? it sets a maximum amount suppliers can charge for each unit of gas and electricity. at the moment, it means households using an average amount of energy shouldn t pay more thanjust over £2,000. however, if forecasts are correct, the energy regulator 0fgem will today confirm a fall