Ofgem are raising the energy price cap by 6.4% in April, affecting the bills of 22 million homes in England, Scotland, and Wales.
What’s the impact on London households?
The daily standing charge for electricity will rise to 46.20p for direct debit, single-rate consumers – an increase of roughly 11%. CREDIT: ADOBE STOCK
According to the London Assembly, 471,000 households in London are currently living in fuel poverty.
As it stands Londoners are paying a daily standing charge for electricity of 41.57 pence per day, but this will rise to 46.20p in April for direct debit, single-rate consumers – an increase of roughly 11%.
Gas prices will see a 3% increase, from 31.99p to 32.96p if consumers use a prepayment meter.
“Exact figures will vary depending on a consumer’s payment and/or meter type,” an Ofgem spokesperson told City News.
“For every one-hundred-pounds of energy you pay right now – from the 1st April, and through May and June, you will pay one-hundred-and-six pounds and forty pence for it.”
Why are prices rising?
Speaking on the BBC Today programme, Tim Jarvis, Director of Markets at Ofgem, said, “We recognise this is very unwelcome news for consumers. The challenge we’ve got here is that prices are being driven by the international price of gas. Prices are higher than they were before the Ukraine War.”
Jarvis urged people who are worried about their bills to contact their supplier.
What support can be received?
The government is extending their Warm Home Discount scheme to 2.7 million households across the UK, which will provide a £150 discount on energy bills for low-income families. It’s not currently clear how many London households will be eligible.
Organisations like Shine London are offering free energy advice, including a hotline to ensure households get the help they need. Camden Council have a dedicated Home Energy Advice Team, and have shared details of a support line on X.
HeadlineElectricity prices in London to rise after energy price cap change
Short HeadlineElectricity prices in London to rise
StandfirstAn increase in the energy price cap will see daily electricity bills rise by 11% for London households.
Ofgem are raising the energy price cap by 6.4% in April, affecting the bills of 22 million homes in England, Scotland, and Wales.
What’s the impact on London households?
The daily standing charge for electricity will rise to 46.20p for direct debit, single-rate consumers – an increase of roughly 11%. CREDIT: ADOBE STOCK
According to the London Assembly, 471,000 households in London are currently living in fuel poverty.
As it stands Londoners are paying a daily standing charge for electricity of 41.57 pence per day, but this will rise to 46.20p in April for direct debit, single-rate consumers – an increase of roughly 11%.
Gas prices will see a 3% increase, from 31.99p to 32.96p if consumers use a prepayment meter.
“Exact figures will vary depending on a consumer’s payment and/or meter type,” an Ofgem spokesperson told City News.
“For every one-hundred-pounds of energy you pay right now – from the 1st April, and through May and June, you will pay one-hundred-and-six pounds and forty pence for it.”
Why are prices rising?
Speaking on the BBC Today programme, Tim Jarvis, Director of Markets at Ofgem, said, “We recognise this is very unwelcome news for consumers. The challenge we’ve got here is that prices are being driven by the international price of gas. Prices are higher than they were before the Ukraine War.”
Jarvis urged people who are worried about their bills to contact their supplier.
What support can be received?
The government is extending their Warm Home Discount scheme to 2.7 million households across the UK, which will provide a £150 discount on energy bills for low-income families. It’s not currently clear how many London households will be eligible.
Organisations like Shine London are offering free energy advice, including a hotline to ensure households get the help they need. Camden Council have a dedicated Home Energy Advice Team, and have shared details of a support line on X.
