1/11/2024 0 Comments Regular monthly bills![]() Many don’t realise that they’re paying for their electricity on a standard variable tariff, which is usually the most expensive rate suppliers have to offer. Why is my electricity bill so high?Ĭhances are the main reason your average electric bill is high is due to the type of tariff you’re on. Read on to understand why the average electric bill in the UK is so expensive and learn how much you should really be paying for your energy. ![]() You can usually find how much energy an electrical household appliance uses in watts on its packaging. Electricity units are measured in kilowatt-hours (kWh) - that’s one kilowatt of electricity being used over an hour. What’s a unit rate?This refers to the price you pay per unit of electricity. For example, although the average electricity unit rate nationwide was £0.174 per kilowatt-hour (kWh), in Merseyside and North Wales it was £0.186/kWh while Yorkshire received the cheapest electricity, at just £0.168/kWh per kWh. As fewer providers continue to offer this as an option, we believe customers may be better off ditching Economy 7 and switching to either a fixed tariff or a prepayment plan.Īnother key point to consider when trying to work out the average electric bill is where you live, as prices vary dramatically from one part of the UK to another. In 2020, the average Economy 7 electricity bill was £866, a whopping £159 more than with a standard meter. If you’re on an Economy 7 tariff you may be paying less at certain times, but your electricity will cost a lot more during peak hours. However, these figures don’t paint the full picture, as there are a variety of factors to consider when calculating your bill.įirstly, the type of tariff you’re on and even how you pay has a huge impact on your final costs. How can I lower my average electric bill? What is the average electric bill in the UK?Īccording to data from the Department for Business, Energy and Industrial Strategy (BEIS), the UK’s average electric bill across all payment types in 2020 was £707 annually or £58.92 per month. What is the average electric bill in the UK?
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