News
UK Households Using Toasters Could Face £9 Annual Electricity Charges
Starting in April, some households in the UK could pay around £9 annually to run toasters. The reduction in the energy price cap is due to government budget interventions, according to Ofgem.
Beginning April 1, people in England, Wales, and Scotland who pay for electricity via direct debit on a standard variable tariff will pay an average of 24.67p per kilowatt hour (kWh). This reflects a roughly 7% decrease from the current price cap of 27.69p per kWh. Ofgem attributes the reduced price cap mainly to government budget interventions. While overall electricity bills may decrease, the Express reports that using multiple appliances can increase costs over time. According to calculations by the Express, toasters could cost some households around £9 per year. The standard variable tariff applies to people in England, Wales and Scotland.
Key Facts
- From April 1, a standard variable tariff will be 24.67p per kilowatt hour (kWh).
- The current price cap is 27.69p per kWh.
- The new rate reflects a roughly 7% reduction.
- Ofgem says government budget interventions are the main reason for the drop.
- The rate applies to people in England, Wales, and Scotland.
- The rate applies to those who pay their electricity bill via direct debit.
- The Express reports running toasters could cost some households approximately £9 per year.