Cost of energy: How Much Do Your Appliances cost after July 1st

Rachel Hazelwood


tenth Jul 2023

Studying Time: < 1 minute

On July 1st, the power worth cap was lowered to £2074 a yr for a typical family –  which means it’s 17% decrease than the Power Worth Assure (EPG), which was set at £2500.

In the event you’re like us although, you’ll wish to know what this implies in actual phrases – what it means for you and your payments.

Firstly, it’s essential to do not forget that the worth cap is definitely a cap on how a lot the power corporations can cost per kilowatt of power. So in the event you use extra power than the so-called ‘typical family’ you’ll pay extra, and in the event you use much less, you’ll pay much less.

Nonetheless, the brand new charges do imply that your home equipment will value a bit much less to run. We’ve put collectively a useful desk that sums up the financial savings for the ten most used home equipment round the home so you may see how a lot you would save in actual phrases…

(Disclaimer: All figures are primarily based on common power consumption and common wattage of an equipment. Our figures are from AO.com and USwitch as seen in The Solar and The Mirror.)