"According to Gov UK data analysed by OHMS Renewables, the average domestic electricity bill in London has risen from £417 in 2008 to £1,102 in 2024, reflecting the capital's growing exposure to rising energy costs over the past decade and a half. The sharpest increase was seen among Direct Debit customers, whose bills have surged by 177.6%, while Prepayment meter users experienced a smaller but still significant rise of 139.9%."
""These figures highlight the regional disparities in energy costs, with some households bearing far greater financial pressure than others," said David Walker, energy analyst at OHMS Renewables. "Although price caps and energy-efficiency measures have provided some protection, the underlying trend remains deeply concerning. Households are paying far more today for the same level of consumption, reflecting both global energy market volatility and structural issues in the UK's energy system.""
Average domestic electricity bills in London increased from £417 in 2008 to £1,102 in 2024, a rise of over 164%. Direct Debit customers in London experienced the sharpest rise at 177.6%, while Prepayment meter users saw a 139.9% increase. Electricity bills across the UK rose about 163% on average since 2008, with London among the worst hit regions after the South East and East Midlands. The North East recorded the smallest rise at 153.9%. Nationally, Direct Debit customers faced average increases of 181% and Prepayment customers around 128%. Key drivers include wholesale price spikes, higher network costs, supplier challenges, market volatility, and structural issues in the energy system.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]