Energy price cap: What next for gas and electricity bills and can I fix?
Summary
Gas and electricity bills are expected to decrease in July due to an updated energy price cap. This change follows an earlier increase in April and affects many households in England, Wales, and Scotland. The energy price cap is a limit on how much can be charged per unit of energy.Key Facts
- The energy price cap limits the maximum price for each energy unit.
- The cap is reviewed every three months and currently applies to around 22 million households in England, Wales, and Scotland.
- From April to June 2025, gas prices are capped at 6.99 pence per kilowatt-hour (kWh), and electricity at 27.03 pence per kWh.
- The average annual bill for a household using typical energy amounts is £1,849 if paid by direct debit.
- Those paying by cash or cheque every three months are charged £1,969 annually.
- The energy price cap does not apply to households in Northern Ireland.
- Submitting a meter reading when the price cap changes helps avoid incorrect billing.
- Fixed-price energy deals are not affected by the price cap changes but may involve penalties for early termination.
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