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All the latest electricity statistics for the UK.
No-one likes paying bills, but it can feel even worse knowing that you are paying more than you need to. We’ve looked at the latest statistics to see how much Brits are spending on their electricity bills, and to find out if you could save money by switching providers.
- Brits are paying £50 more for electricity in 2018 than they were in 2017 (based on standard consumption).
- This extra £50 means electricity bills cost 7.9% more in 2018 than they did in 2017.
- Paying your electricity bill via standard credit can cost you £69 more per year than paying by direct debit.
- Less than 1 in 5 UK households (18.4%) switched energy providers in the last 12 months.
- Switching energy providers (gas and electric) could save you up to £320 in 2018.
How much are we spending?
The amount you pay for energy depends on many factors, including the type of tariff you’re on and your payment method. We looked at the stats to see how your payment method impacts the amount you pay. The figures below are based on a standard household consumption of 3,800kWh.
|Year||Standard credit||Direct debit||Prepayment||Overall|
*In 2014 and 2015 a £12 government rebate was applied to electricity bills for all customers in Great Britain. This is included in the figures above.
Paying by standard credit remains the most expensive option for paying your electricity bill, at £728 in 2018. Paying by direct debit would cost you £659 in 2018, £69 cheaper than paying by standard credit. Pre-payment is understandably the cheapest option in 2018, and would cost £650. The difference between paying by standard credit and paying via pre-payment is £78, which is more than the cost of paying an extra month’s bill (£60.67 a month on average via standard credit).
Across all payment types, the average cost of this consumption is £677 in 2018, which is £50 more expensive than it was in 2017, an increase of 7.9%.
Which regions are spending the most?
Along with how much you use and which energy provider you’re with, where you live can determine how much you pay for electricity. We explored the latest statistics from the Office for National Statistics to see which regions pay the most for the same electricity usage.
Based on a standard household consumption of 3,800kWh, the region that pays the most is the South West at £717, while in Northern Ireland, the same consumption costs £594 – £123 less. To see how your region compares, explore the map and table below.
|Region||Annual cost for standard electricity consumption (3,800 kWh)|
|East of England||£668|
|Yorkshire and The Humber||£657|
How can we cut costs?
With electricity bills on the rise, you might be looking for ways to cut costs and save some money. Apart from simply using less electricity, one of the best ways to save on your electricity bill is by switching providers. Switching providers ensures that you are receiving the best deal, and can end up saving you hundreds of pounds each year.
- 18.4% of UK households switched electricity suppliers in the last year.
- More than 60% of UK households have either never switched energy providers or have only switched once.
- Consumers on a Standard Variable Tariff could save £320 by switching to the cheapest tariff on the market in 2018.
- This is £20 more than switching would have saved you last year (£300 in 2017).
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