New energy price cap level for July to September 2024 starts today
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From 1 July 2024, the energy price cap for a typical household that uses gas and electricity and pays by Direct Debit will go down from £1,690 to £1,568 per year. This is a reduction of £122, or around 7%.
The energy price cap sets the maximum amount that energy suppliers can charge for each unit of energy and standing charge. This is calculated based on typical energy use for households using gas and electricity.
If you use more than the typical household your bill will be higher, and if you use less, it will be lower. The amount you pay can also vary depending on where you live, the type of meter you have and your payment method.
Energy price cap rates 1 July to 30 September 2024
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 standing charge is 31.41 pence per day. This is based on the average across England, Scotland and Wales and includes VAT.
View and compare the Energy price cap levels from 1 April 2024 to 30 June 2024 and 1 July 2024 to 30 September 2024.
You can also view and compare 1 April 2024 to 30 September 2024 energy price cap standing charges and unit rates by region.
Next review
We review and set a level on how much an energy supplier can charge for each unit of energy including the standing charge every three months. The levels for the period 1 October to 31 December 2024 will be published by 27 August 2024.