Enery Prices Go Up On 1st January - Time To Read Your Meter And Send It In

31st December 2024

Energy bills are going UP an average 1% on Wed 1 Jan 2025 - here's what you need to know. On Wednesday, the new January to March Energy Price Cap kicks in, which dictates the rates that about 80% of homes (in England, Scotland & Wales) pay.

Rates will go up on average 1%, but the % increase you actually pay depends on where you live and how much energy you use. For broad-brush, here are the average Direct Debit rates:

GAS. Unit rate 6.34p per kilowatt hour (kWh), UP 0.53p (1.6%). Standing charge 31.65p per day, DOWN 0.01p.

ELEC. Unit rate 24.86p per kWh, UP 0.36p (1.5%). Standing charge 60.97p per day, DOWN 0.02p.

It's Meter Reading Week. If you've not got a WORKING smart meter, aim to give an up-to-date meter reading within a few days either side of 1 Jan, reducing the risk that your supplier estimates that you've used more at the new higher rate than you have.