How much will my utility bills cost in 2023?

Apr 6, 2022 | Bills, Broadband & Phone, Council Tax, Electricity & Gas, TV

UPDATE: We updated these figures in October 2022 to reflect Liz Truss’s energy price guarantee and other changes to the cost of living

How much will utility bills cost this year? Many are asking the same question as living costs have risen to record heights for millions of households across the UK.

Ofgem’s energy price cap, the maximum amount an electricity or gas supplier can charge an average customer per year, jumped from £1,277 to £1,971 at the beginning of the year. More recently, the new energy price guarantee set the average annual energy bill for a household at £2,500 a year.

Most UK broadband providers have opted to increase their prices in line with the Consumer Price Index (CPI) rate of inflation, which recently hit a three-decade-high of 5.4 per cent.

Our utility bill calculator

 

The easiest way to get an estimate for your bills is with our utility bill calculator. Simply enter the details for your property and get personalised estimations for your monthly and annual bills.

Use the Utility Bill Calculator here

 

So how much higher will your utility bills be in 2022? (Updated October 2022)

Here’s our estimation:

Gas & Electricity

Household size

Estimated usage

Expected monthly bill

 

1-2 bedrooms

8000kwh Gas, 2000Kwh Electric

£142.69

* Electricity unit rate 34.037p per kWh plus standing charge of 46.356p per day and gas unit rate 10.330p per kWh plus standing charge of 28.485p per day. Values might not match exactly due to rounding.

3 bedrooms

12500kwh Gas, 3100Kwh Electric

£208.32

4+ bedrooms

18000kwh Gas, 4600Kwh Electric

£291.08

 

Water

Household size

Expected monthly bills

*Prices given are for clean and wastewater from Thames Water as example averages, the actual bill is based on property size and usage.

1-2 persons

£25-27

3-4 persons

£30-32

5+ persons

£35-£60

 

Broadband only

Usage and Speed

Expected monthly bills

Low

£20-25

Average

£30-35

High

£35-50

 

Broadband & TV

Usage and Speed

Expected monthly bills 

Low

£40-50

Average

£40-60

High

£55-100

 

Households who pay Council tax will see an average increase of 3.5% or around £67 a year, with at least 86 Councils increasing rates by more than 4%. In London, Band D council tax bills are increasing by an average of 2.4%.

An increase in your Council Tax does not mean the biggest bills – in fact, despite an increase of 4.4% this year Band D households in Westminster are still paying the lowest Council Tax bills in the country within their band.

Want to check how your Council Tax bill will change? Check your council tax band here, or if you know your band already you can find out how much you’ll have to pay:

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