{"id":68377,"date":"2023-11-24T22:46:30","date_gmt":"2023-11-24T22:46:30","guid":{"rendered":"https:\/\/wordcelnews.com\/?p=68377"},"modified":"2023-11-24T22:46:30","modified_gmt":"2023-11-24T22:46:30","slug":"energy-price-calculator-how-to-check-how-much-your-bills-will-rise-the-sun","status":"publish","type":"post","link":"https:\/\/wordcelnews.com\/lifestyle\/energy-price-calculator-how-to-check-how-much-your-bills-will-rise-the-sun\/","title":{"rendered":"Energy price calculator: How to check how much your bills will rise | The Sun"},"content":{"rendered":"

ENERGY prices are on the rise, and it means households might notice their energy bills creeping up.<\/p>\n

If you're worried about your bills, there are a number of ways you can get a rough idea of how much you can expect to pay.<\/p>\n

<\/p>\n

It comes as Ofgem today announced it is raising its price cap from the current \u00a31,834 for a typical dual fuel household to \u00a31,928 from January 1.<\/p>\n

This means that the average household\u00a0energy\u00a0bill will rise by \u00a394 in the new year.<\/p>\n

The drive is almost entirely down to rising costs in the international wholesale\u00a0energy\u00a0market due to market instability and global events, particularly the conflict in Ukraine.<\/p>\n

The\u00a0energy\u00a0price cap limits the maximum amount suppliers can charge households in England, Wales and Scotland for each gas and electricity unit.<\/p>\n

READ MORE IN MONEY<\/h2>\n

<\/picture>BILL BLOW <\/span><\/p>\n

Support schemes revealed as Brits to face energy bill rise in latest cash blow<\/h3>\n

<\/picture>SWITCHED ON <\/span><\/p>\n

What is the energy price cap and how does it work?<\/h3>\n

It's a headline price cap figure that is an average across households rather than an absolute cap on bills, so those who use more will pay more.<\/p>\n

How much will my energy bill rise?<\/h2>\n

To calculate how much you will pay from January 1, you must find out your unit rate for gas and electricity and the standing charge for each fuel type.<\/p>\n

The unit rate will usually be shown on your bill in p\/kWh.<\/p>\n

The standing charge is a daily charge that is paid 365 days of the year – irrespective of whether or not you use any gas or electricity.<\/p>\n

Most read in Money<\/h2>\n

<\/picture>CHEERS JEZ! <\/span><\/p>\n

Readers praise Hunt’s tax break but warn more is needed to get election backing<\/h3>\n

<\/span><\/p>\n

<\/picture>CHOC HORROR <\/span><\/p>\n

Cadbury says ‘sorry’ as customers find HUGE issue with Christmas Roses tins<\/h3>\n

<\/span><\/p>\n

<\/picture>HOLY SMOKE <\/span><\/p>\n

Cost of cigarette pack rises in huge blow to smokers<\/h3>\n

<\/span><\/p>\n

<\/picture>CHANGE UP <\/span><\/p>\n

Autumn Statement winners and losers \u2013 how it will affect you explained<\/h3>\n

<\/span><\/p>\n

You will then need to note down your own annual energy usage from a previous bill.<\/p>\n

Once you have these details, you can separate your gas and electricity costs.<\/p>\n

Multiply your usage in kWh by the unit rate cost in p\/kWh for the corresponding fuel type – this will give you your usage costs.<\/p>\n

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.<\/p>\n

Divide this figure by 12, and you'll be able to work out how much you should expect to pay each month from January.<\/p>\n

Households who don't pay by direct debit or a prepayment meter and instead pay on receipt of their bill will spend slightly more.<\/p>\n

This is because this payment method has a separate unit rate and standing charge cap.<\/p>\n

Ofgem used to set the price cap every six months. But since August last year, it has reviewed the limit every three months.<\/p>\n

This means that annual energy bills may change again when the next price cap comes into force from April 1.<\/p>\n

There are also calculators online that can do the working out for you.<\/p>\n

Martin Lewis' MoneySavingExpert (MSE) has a calculator that can show you exactly how much your energy bill could rise.<\/p>\n

The\u00a0calculator\u00a0is only for customers who pay their energy bills by direct debit and will not calculate bills if you use another payment method or if you're on a prepayment meter.<\/p>\n

The\u00a0calculator\u00a0requires that you enter a key piece of information – your average\u00a0energy usage\u00a0in kWh or your average monthly spend.<\/p>\n

If you choose to input your average annual\u00a0energy usage, you'll need to input how much gas and electricity you use in kWh a year.<\/p>\n

You'll usually be able to find this out by looking at your latest energy bill.<\/p>\n

If you choose to input your average monthly spend, you'll need to input your monthly gas and electricity spend.<\/p>\n

MSE says that entering your average annual energy usage is more accurate.<\/p>\n

You'll then need to select your region.<\/p>\n

Gas and electricity prices vary across UK regions because it costs providers different amounts when supplying certain areas.<\/p>\n

You can find your region by entering your postcode at\u00a0EnergyBrokers.co.uk.<\/p>\n

You won't need to share your personal details or address in the calculator.<\/p>\n

Can I get help with my energy bill?<\/h2>\n

The\u00a0Cold Weather Payment\u00a0is made to eligible people in England, Wales and Northern Ireland.<\/p>\n

You get \u00a325 for each seven-day period where temperatures are zero degrees Celsius or below between November 1, 2023, and March 31, 2024.<\/p>\n

But you can only get the payment if you are on certain benefits, including Pension Credit or Universal Credit. The full list includes:<\/p>\n