PricecapAug24
MILLIONS of bill payers will be stung by a £149 hike to energy bills when Ofgem's new price cap comes into force in weeks.gas
There are 14 different "distribution network operators" across Great Britain, each having the power to dictate your energy costs.However, typical costs will be lowest in the East Midlands, with the average home paying £1,666 a year. "Each of the 14 regional networks have different infrastructure, which is reflected in their respective network costs and therefore what they are allowed to charge customers through their bills."
A typical household here pays £375 a year just for the privilege of staying connected to the grid, and this will rise to £379 from October 1.The typical household standing charge in London will rise to £269 a year from October 1, but it will still be £110 cheaper than the average standing charge in the Northern region.
You'll then need to multiply each standing charge by 365 and add this figure to the totals for your usage - this will then give you your annual costs.
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