GB News: Three tips to save money on energy bills
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As part of the energy price guarantee, the average price of gas and electricity is capped at £2,500 for a household with average usage. However, recent analysis by the BBC of statistics from the Department for Business, Energy and Industrial Strategy (BEIS) and Ofgem suggests some areas in the UK will pay more than others towards their electricity bill. These figures show a regional divide as to who will be paying more as the country’s energy bill crisis continues.
Who will pay the highest energy bills?
Residents in North Wales, Cheshire and areas of Merseyside will pay the highest electricity bill rate with the energy price guarantee in place.
Some 1.4 million households in this region will pay 36p per unit despite the UK average being 34p and the lowest cost per unit being 32p.
It should be noted that these areas will not pay the most for gas, only paying slightly above the country’s average of 10.3p.
Despite this, those living in these parts of the UK will pay a typical dual-bill of £2,566 annually which is higher than the £2,500 price guarantee.
Among the other areas which are due to pay more than the average include South West England, London, South East England, South Wales, Southern England, West Midlands and Southern Scotland.
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Who will pay the lowest energy bills?
Those living in the North East of England will pay the cheapest gas and electricity bill compared to the country’s average.
Around 1.5 million households will pay only 32p per unit of electricity with the average family set to receive a yearly bill of £2,445 a year.
Other areas which are forecast to have lower energy bills this year include Northern Scotland, Yorkshire, North West England and East Midlands.
The only area which is predicted to pay the UK average of £2,500 exactly is Eastern England.
Experts are urging the public to be aware energy bills are still expected to increase with the price guarantee in place.
Dr Carole Easton, the chief executive of the Centre for Ageing Better, shared how pensioners are still at risk despite this latest wave of Government support.
She explained: “Even with the energy price guarantee, many will still face a stressful and perilous winter and more targeted support may be necessary.
“But without significant government intervention to control energy costs this winter, there is the very real prospect of tens of thousands of people, including many older people, dying in their cold homes.
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“The energy price guarantee is a temporary sticking plaster that offers no permanent solution, simply delaying a future crisis for when the market intervention ends.
“In the breathing space that the government has created for itself, it is paramount that substantial action is taken to resolve one of the root-causes of the problem – this country’s cold, draughty and unsafe homes.”
Concerns have been raised over potential confusion regarding how the energy price guarantee works as a cap on bills.
Recent research carried out by Uswitch found that 40 percent of households incorrectly believed their gas and electricity costs will not exceed £2,500.
Ben Gallizzi, an energy expert at Uswitch.com, outlined why this is not the case and warned about the “false sense of security” being offered by the price guarantee.
“It is important to remember that the price guarantee of £2,500 is only an average bill — so you will pay more if you use more energy.
“It’s possible the announcement has created a false sense of security for some, especially for larger households who may pay significantly more this winter.
“It’s really important that households track their energy and cut their usage where possible – as well as keep an eye on all household spending.”
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