Energy bills price hike: Will London face the greatest impact? – London Business News | Londonlovesbusiness.com

From October 1 to December 31, energy prices for an average household will experience a significant rise, impacting monthly budgets just as winter settles in.

Tech expert Jonathan Perumal from PCInternational has analysed Ofgem and regional electricity consumption data to predict how much each area’s annual bills could be, as unit prices are set to rise by 10% and standing charges will also increase.

From 1^st July to 30^th September, nationwide electricity rates stood at 22.36p per kWh and the daily standing charge was 60.12p. As of October 1^st, this has risen to 24.5p per kWh and a 60.99p daily standing charge.

The region anticipated to experience the most significant increase is the East of England, where households could see an additional £82.77 added to their annual electricity bill, bringing the average bill to £1,133.87 each year.

The South East follows closely behind, with households expected to face an increase of £82.73, bringing the average annual electricity cost to approximately £1,133.38.

The South West is also expected to see a similar increase, with households likely to see an additional £81.24 on their annual electricity bill. This brings the estimated annual bill in the region to £1,116.30.

In Scotland, annual electricity bills are up by £75.39, rising to a yearly average of £1,049.32. If electricity rates stayed the same as over summer, the annual bill would instead total £973.93 – not breaking the £1k mark.

On the other hand, the North East is expected to see the smallest increase – though still an increase – with annual electricity bills projected to rise by £65.37.

PCInternational spokesperson Jonathan Perumal stated: “While you can’t control rising energy prices, there are several ways to reduce your energy consumption, even with a busy household.

“For an effortless way to save energy without sacrificing convenience, try using an air fryer instead of your oven whenever possible. Not only do they cook faster, but they also use significantly less energy, making them a win-win product.

“Take advantage of lower rates offered by many energy providers during off-peak hours. Running high-energy appliances, like dishwashers and washing machines, during these times can help reduce your electricity bill without compromising your routine.

“If you have kids with consoles, PCs, or other electronics, be aware that these devices, even when turned off, can still draw ‘phantom’ energy. To cut down on unnecessary power use, unplug them when not in use or invest in smart power strips that automatically shut off idle devices.

“Finally, make the switch to energy-saving appliances and LED light bulbs, which use up to 90% less energy than traditional incandescent bulbs, significantly lowering your electricity consumption and costs.”