Dual-fuel energy bills going steady at 1,328 pounds on average


The average dual fuel bill for the following 12 months should hover around the £1,328 mark, Ofgem’s latest Supply Market Indicator (SMI) suggests.

The SMI is a 12-month forward look at cost trends. It looks at the average annual bills for consumers and estimates the annual cost per customer faced by a typical large supplier to deliver gas and electricity.

The latest indicators show that wholesale gas and electricity costs for the next 12 months will be around £591 or 45% of an average dual fuel bill. This is slightly lower than last month’s estimate of £594.

Ofgem’s estimate of network, environmental and social costs for the next 12 months have increased by approximately £4 to £392. This is due to an increase in Renewable obligation costs for 2015/16 and inflation.

Additionally, the regulator’s estimate of supplier operating costs for the next 12 months remains broadly the same as last month at £175.

The estimate of the pre-tax margin a typical large supplier could make over the next 12 months, based on a 13-month rolling average margin, is largely unchanged this month at around £103 or 8% of the annual dual fuel bill.

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If you’d like to find out more information on the HeatingSave energy management system and the way in which one can take advantage of it in conjunction with the Green Deal program, just contact our dedicated team, they’ll be more than happy to answer all of the questions and queries you might have.

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