Good news — you could save around £75/yr by switching to Octopus Energy.
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    Data verified about 18 hours ago

    Today's price cap

    £1,568/yr

    Ofgem default tariff

    Best deal right now

    £1,638/yr

    Octopus Energy

    Typical UK bill

    £1,713/yr

    Across all providers

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    ✓ Based on UK household data (Ofgem TDCV)✓ Updated daily with current market data✓ Estimates are indicative — for guidance onlyMethodology
    1

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    2

    We do the maths

    We compare your bill against fair-cost ranges for similar UK homes.

    3

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    Estimates use Ofgem typical-use figures. See how we calculate costs.

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    UK average: ~2,900 kWh

    UK average: ~12,000 kWh

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    Compare your current bill against the cheapest available tariff, factoring in exit fees and break-even time.

    Most variable tariffs have £0. Fixed deals are typically £30–£60.

    Your Energy Overpayment Risk

    A quick score based on your tariff, your usage, and where the market is heading.

    Today's market

    Every UK supplier, ranked by price

    Last verified about 18 hours ago

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    12-Month Price History

    Last verified about 18 hours ago

    Ofgem price cap vs best available deals (annual cost for typical household).

    Apr 23May 23Jun 23Jul 23Aug 23Sep 23Oct 23Nov 23Dec 23Jan 24Mar 24£0£850£1700£2550£3400
    • Price Cap
    • Best Deal

    Global Energy Markets

    Last verified about 18 hours ago

    Key commodities affecting UK energy prices.

    Europe
    -4.2%

    Natural Gas (TTF)

    €28.50/MWh

    UK
    -3.8%

    Natural Gas (NBP)

    72.5p/therm

    Global
    +2.1%

    Brent Crude Oil

    $85.40/barrel

    Global
    -1.5%

    LNG Spot (Asia)

    $10.20/MMBtu

    Europe
    -5.3%

    Carbon Credits (EUA)

    €56.80/tonne

    UK
    -2.7%

    Baseload Electricity

    £68.50/MWh

    Looking ahead

    Where we think prices are heading

    Last verified about 18 hours ago

    A six-quarter forecast based on wholesale markets, weather and policy. Treat it as informed guidance, not a guarantee.

    Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025£0£450£900£1350£1800
    • Price cap est.
    • Best deal est.
    Q2 2024 (Apr-Jun)
    high confidence

    Cap est.

    £1,568

    Best deal

    £1,420

    • ▸Ofgem confirmed cap reduction
    • ▸Wholesale prices stabilised
    • ▸Strong gas storage levels
    Q3 2024 (Jul-Sep)
    medium confidence

    Cap est.

    £1,530

    Best deal

    £1,380

    • ▸Lower summer demand expected
    • ▸Pipeline maintenance could cause temporary spikes
    • ▸Renewable generation typically strong
    Q4 2024 (Oct-Dec)
    medium confidence

    Cap est.

    £1,620

    Best deal

    £1,450

    • ▸Winter demand increase
    • ▸Geopolitical risks remain
    • ▸Gas storage drawdown begins
    Q1 2025 (Jan-Mar)
    low confidence

    Cap est.

    £1,680

    Best deal

    £1,500

    • ▸Peak winter demand
    • ▸LNG market competition from Asia
    • ▸UK grid capacity constraints
    • ▸Potential cold weather impact
    Q2 2025 (Apr-Jun)
    low confidence

    Cap est.

    £1,550

    Best deal

    £1,400

    • ▸Expected spring demand drop
    • ▸New renewable capacity coming online
    • ▸Market uncertainty remains high
    Q3 2025 (Jul-Sep)
    low confidence

    Cap est.

    £1,500

    Best deal

    £1,350

    • ▸Summer lull expected
    • ▸Long-term contracts may lower prices
    • ▸Global economic slowdown possible

    3–6 Month Price Outlook

    A plain-English read on where bills are heading — no jargon.

    Energy prices likely to fall over the next 3–6 months (around -8%)

    • •Wholesale gas has been easing, which tends to lower the cap over time.
    • •Electricity wholesale prices have softened recently.
    • •If you're tied into an expensive fixed deal, it may not be worth paying an exit fee — wait it out.

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