Gas up from 10 p to 13 per kWh, Electricity up from 32p to 51p a kWh from April

[cakeorwine]

This is the new price cap

www.ofgem.gov.uk/publications/ofgem-announces-latest-quarterly-price-cap-update

So - the Government has set a limit on the cost of energy and has supported people with £400.

That limit has gone - and the price cap is back.

However, the good (?) news is that these levels will be falling towards July and October as the price cap is predicted to fall lower. People will also be using less energy on heating over the next couple of months.

The bad news is a 30% increase in the cost of gas and a 67% increase in the cost of electricity - and no £400 subsidy.

This comes in from April, I would check you know what energy your devices use - especially if you are a high electricity consumer.

But as I said, hopefully the prices are going to fall more by October so things will be back to current levels?

(oh - and the daily standing charge is increasing as well)

So it will be interesting to see how the prices of electricity and gas work out.

They should be 20% higher.

The current limit is £2500 and so they should scale up in line with the 20% increase from 2500 to 3000.

For pp: I don't think anyone here is defending the gov (certainly not me) but the OP said that there could be price increases as high as 67% for electricity and that was a mistake I wanted to correct for the benefit of people reading and panicking about that number.

None of which takes away from the fact that we're paying about twice as much now as we were before this all started, or excuses the government from their decisons. But just corrects the initial misunderstanding.

FWIW the Cornwall Inst. predicts they will come down in July. Still not as low as they were before by a looong way, but lower than the government limit. This means prices should drop a little as well and we MAY get back to a slightly competitive energy market. Fingers crossed.

The current limit is £2500 and so they should scale up in line with the 20% increase from 2500 to 3000

That's not necessarily true - as gas is 12,500 kWH and electricity is 4200 kWh - so the maths is interesting - 1 could go up by more than 20% and 1 less than 20% and you would still have £3000

For pp: I don't think anyone here is defending the gov (certainly not me) but the OP said that there could be price increases as high as 67% for electricity and that was a mistake I wanted to correct for the benefit of people reading and panicking about that number

Thanks - I would have done the same thing if the shoe was on the other foot

It's kind of why I find the fixation with the number (£3000 / £3280) annoying as it does not give the actual energy costs or standing charges - you have to dig for it.

I can't find the new costs of electricity / gas anywhere yet on the Government website. Just the £3000. I much prefer to know the actual cost per kWh rather than "the average cost"

I think everyone needs to hold off till the price cap & government announces. There is a lot of pressure on the government from all sides not to allow this to be increased, so give it a few weeks before panicking as we all know the government holds off to announce anything till the very last second.

And if it does increase then what's the point in ofgem?

I hope so. We are also a disabled child household. I spent NY eve in tears at my Dec bill (£603) & we are COLD too.

This out-of-touch self serving lying Tory shower have absolutely no idea how much ordinary people are terrified by the cost of living and the collapse in public services like the NHS and now absolutely loathe this government as a result.
If they have any hopes of clinging on to power at all Sunak’s government will need to come up with some affordable solutions on energy ASAP.

Gas (and electric heating) use will be negligible from April to September unless your situation requires you to have frequent baths or long showers for some reason, so the key issue for most people is how prices are going to look from October onwards. Cross fingers that they'll be down again.

It is a scam and has little to do with the war and a lot to do with how we allow energy companies to charge - the system is corrupt - hence the massive profits they can now make.

£603 is a lot. We are a family of 3 disabled people, need heating on for disabilities and one dc can be showered up to 4-5 times a day.
We paid £340 for gas & electric together in December and it was -5 for two weeks straight. Is keeping your heating on low and wrapping up an option? We found oodies & hot water bottles and heated blankets a god send.

Yeah - absolutely true that the two fuels could adjust at different rates to get the £3000 average. And that using that is a nightmare of confusion because it does not give proper per kwh prices. And, in turn, encourages people to stay in the dark about how energy bills are calculated and just rely on what the energy companies says they should pay.

Those are the Price Cap rates before the Energy Guarantee is applied.

The price we'll pay is going up an average of 20%. And most of us use far less energy between April and October.

Ignore me. For some reason I hadn't seen all the subsequent posts pointing this out.

For anyone worrying, the current forecast is for prices to drop below the current Price Cap from July and stay at that level over next winter.