How much you could save when energy bills fall

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You could see an annual saving of over £400 on your bills - but the amount you save depends on your payment method and how much you pay now

With prepayment meters, customers pay for their energy before using it, usually by topping up the meter at a shop or online. Prepayment meters tend to be more expensive . But from July, the price cap for prepayment will be the same as those for direct debit.Under the current price guarantee, the unit rate for energy sits at:Standing charge - 52.97p per day.

11p per kilowatt hour ;price guarantee of £2,500.A typical household paying for energy through receipt of bill will see costs at around £2,211.63 from July 1 – based on these charges.Electricity - 31.72p per kilowatt hour ;This would be a saving of £288.37 from the current government price guarantee of £2,500. But you should be aware that those paying receipt of bill are paying higher than the £2,500 cap.

 

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