Households are all grappling with high energy bills - but you'll pay more on average depending on where you live.
Energy bills are in the spotlight this week as Government changes mean these could hit £5,000 a year from next April.
The new Chancellor said yesterday that the Energy Price Guarantee scheme, which freezes energy bills at an average of £2,500 a year, will only run as a universal help for all households until April 2023.
After this point, the Government will make the support targeted - although it has yet to confirm who exactly will get it.
The region facing the biggest increase in annual electricity bills is London, according to research from boiler firm Boxt.
The firm said Londoners are paying 22.92% more for electricity, followed by the South East (15.59%), South West (14.57%), South Wales (12.16%) and North Scotland (11.5%).
This is how much homes paid for their typical electricity use by region in 2021.
- South West - £796
- North Scotland - £793
- South East - £789
- South Wales - £787
- London - £776
- Eastern - £770
- West Midlands - £763
- South Scotland - £757
- North West - £748
- East Midlands - £747
However, when worked out as a percentage of household income, it's a very different story.
Londoners pay the most, with electricity bills going up from 2.93% of the average income to 3.6% in just two years.
For gas prices, London pays the most.
- London - £581
- South West - £574
- South Wales - £566
- South Wales - £566
- North Scotland - £559
- South Scotland - £555
- West Midlands - £554
- Eastern - £552
- East Midlands - £542
- Yorkshire - £542
When broken down as a percentage of household income, households in South Wales pay the most.
Homes in this region spent 2.84% of their median annual income on gas bills last year, a 1.83% increase from 2020.
Cornwall Insight is forecasting that energy bills will hit £4,347 next spring, with analysts at RBC Capital Markets predicting a slightly higher figure of £4,684.
The worst-case prediction comes from Auxilione, which said the cap on energy bills could hit £5,000 next year.
The Energy Price Guarantee was confirmed as a replacement for the Ofgem energy price cap.
It hasn’t yet been confirmed if the Ofgem price cap will return in its previous form in April.
Experts including Martin Lewis have pointed out that any predictions at this stage should be taken with a pinch of salt, as they could change between now and next spring.
“These are very early day predictions,” the MoneySavingExpert founder tweeted last night.
“We are not even in the April cap assessment period (17/11 to 17/2) yet, so could change a lot.”
