The cheapest tariff for a domestic dual fuel and direct debit customer in Great Britain was only 50 British pounds sterling less than the average standard variable tariff in May 2023 but its price fell to 1975.22 British pounds sterling by June of that year. In that same month, the average standard variable tariff and the cheapest energy tariff for large legacy suppliers were just below the price cap of 2,500 set by the Energy Price Guarantee (EPG) in 2023.
Domestic energy bills in Great Britain from January 2019 to June 2023, by tariff type and supplier
(in British pounds sterling)
Characteristic
Average standard variable tariff (Large legacy suppliers)
Average standard variable tariff (Other suppliers)
Cheapest tariff (Large legacy suppliers)
Cheapest tariff (All suppliers)
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Figures are based on a typical domestic dual fuel customer paying by direct debit.
According to the source, from April 2020, all prices shown in the chart are calculated using the latest Typical Domestic Consumption Values (TDCV) that entered into effect from the first day of that month. In practical terms, this means that the tariffs shown from April 2020 are likely to appear slightly lower in price than those before April 2020.
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Ofgem. (July 15, 2023). Domestic energy bills in Great Britain from January 2019 to June 2023, by tariff type and supplier (in British pounds sterling) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1174605/domestic-energy-bill-by-tariff-and-suppliers-great-britain/
Ofgem. "Domestic energy bills in Great Britain from January 2019 to June 2023, by tariff type and supplier (in British pounds sterling)." Chart. July 15, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1174605/domestic-energy-bill-by-tariff-and-suppliers-great-britain/
Ofgem. (2023). Domestic energy bills in Great Britain from January 2019 to June 2023, by tariff type and supplier (in British pounds sterling). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1174605/domestic-energy-bill-by-tariff-and-suppliers-great-britain/
Ofgem. "Domestic Energy Bills in Great Britain from January 2019 to June 2023, by Tariff Type and Supplier (in British Pounds Sterling)." Statista, Statista Inc., 15 Jul 2023, https://www.statista.com/statistics/1174605/domestic-energy-bill-by-tariff-and-suppliers-great-britain/
Ofgem, Domestic energy bills in Great Britain from January 2019 to June 2023, by tariff type and supplier (in British pounds sterling) Statista, https://www.statista.com/statistics/1174605/domestic-energy-bill-by-tariff-and-suppliers-great-britain/ (last visited July 22, 2024)
Domestic energy bills in Great Britain from January 2019 to June 2023, by tariff type and supplier (in British pounds sterling) [Graph], Ofgem, July 15, 2023. [Online]. Available: https://www.statista.com/statistics/1174605/domestic-energy-bill-by-tariff-and-suppliers-great-britain/
