Eco-Living Magazine

Energy Bill Calculator

Posted on the 26 August 2022 by Ecoexperts @TheEcoExperts

It makes intuitive sense that larger homes would pay more for energy, but the reasons behind slight regional price differences require more explanation.

The amount that gas and electricity costs in any given part of the UK depends on the level of demand in that region, the amount of energy that suppliers therefore buy, and the price that local wholesalers charge.

Unfortunately, due to the UK's lack of gas storage, Russia's invasion of Ukraine, and a few other key reasons, energy costs have risen to record-high levels for UK customers.

And there's worse to come. In January, Cornwall Insight expects Ofgem to raise the energy price cap to around £5,387 - then in April, it'll increase to £6,616.

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