Korvaix

How to Estimate Your Energy Bill

Understand how energy bills are made up, what unit rates and standing charges mean, and how to estimate your monthly costs.

Try the Energy Bill Calculator

How energy bills are calculated

Your energy bill is made up of two parts:

  1. Usage charges: The amount of energy you use (in kWh) multiplied by the unit rate (in pence per kWh)
  2. Standing charges: A fixed daily fee charged regardless of how much energy you use

Unit rates vs standing charges

Under the current Ofgem price cap:

  • Electricity unit rate: approximately 24.5p per kWh
  • Gas unit rate: approximately 6.76p per kWh
  • Electricity standing charge: approximately 61.64p per day
  • Gas standing charge: approximately 31.65p per day

Your actual rates depend on your supplier, tariff, and region.

Typical household usage

HouseholdElectricity (kWh/year)Gas (kWh/year)
Small (1–2 people)2,0008,000
Medium (2–3 people)2,70011,500
Large (4+ people)4,10017,000

How to estimate if you do not know your usage

If you do not have a meter reading or recent bill, use the typical consumption values above as a starting point. You can also check your supplier’s online account for historical usage data.

Try the calculator

Use our Energy Bill Calculator to estimate your monthly and annual energy costs.

All guides · More Save money · All calculators

Related calculators

  • Energy Bill Calculator — Your energy bill = (Usage in kWh × Unit rate) + Standing charges. The average UK household pays around £1,568/year for dual fuel under the c
  • Fuel Cost Calculator — Enter your journey distance and fuel economy to find out how much your trip will cost in fuel, with weekly, monthly, and annual estimates.
  • Savings Interest Calculator — See how your savings will grow with compound interest. Enter a lump sum, regular monthly deposits, and an interest rate to get a year-by-yea
  • Electricity Cost Calculator — Electricity cost = (Wattage ÷ 1,000) × Hours used × Electricity rate per kWh. A 2,000W appliance running for 1 hour at 24.5p/kWh costs about
  • Commute Cost Calculator — Your commute cost = fuel cost (based on distance, MPG, and fuel price) + parking + tolls, multiplied by commute days per week. Work-from-hom
  • EV vs Petrol Cost Calculator — EV energy cost = miles ÷ miles/kWh × electricity rate. Petrol fuel cost = miles ÷ MPG × 4.546 × fuel price per litre. Compare annually to se

Related guides

Last updated

Last reviewed: 2026-04-12T13:08:32.782Z.