Ofgem has just announced the new Energy Price Cap (EPC) for 1 July - 30 September 2023.

A household with 'typical' usage of 12,000 kWh of gas and 2,900 kWh of electricity used in a year will now pay £2,074/year on average for their energy.

But the total amount a household pays will vary by their usage, because the 'cap' is actually a cap on the amount charged per kWh used. So a household using more energy than 'typical' will pay more than the £2,074 headline figure; and a household using less energy would pay less over a year.

So, what are the per kWh figures for the 1 July EPC? 

Electricity  

£0.30 per KWh

Daily standing charge: £0.53

Gas

£0.08 per KWh

Daily standing charge £0.29

Note, the figures above are UK averages. To see the per kWh and standing charge rates in your area, read our article on the average cost of electricity per kWh.

Also, there's more information on the energy situation in these articles, which may be of interest:

Wholesale energy prices are falling: When will I start paying less for gas and electricity?
This article looks at the relationship between wholesale gas prices and the cost of UK domestic electricity.

Average Cost of Electricity per kWh in the UK 2023

This in-depth piece dives into historical and current electricity prices, including per kWh unit rates and standing charges by region so you can get detailed information about costs in your area. We also look at the best deals available now.

Best and Worst UK Energy Suppliers (2023)
A ranking of the best and worst energy companies based on data from Citizens Advice, which includes complaints, ease of contacting, billing clarity, ease of switching, etc. For more detailed information on complaints by company you can also see our article on UK Energy Supplier Complaints. 

Switching Guide

Energy comparison is mostly on hold with the big comparison sites, but you can still switch providers directly. See how many people are still switching