With Ofgem's announcement that the energy price cap will soar to £3,549 in October, many may be concerned about how their annual energy bills will develop in the coming months.
The energy price cap will determine the max limit energy suppliers can charge for each unit price of electricity and gas consumers use. Because of this, your bill will fluctuate depending on how much energy you use - that is, the more you use, the more you pay.
Read more: What happens if you are struggling to pay energy bills and can't afford price cap
The cap also determines the daily standing charge consumers pay to have their homes connected to the grid. However, it can be difficult to determine just how much you will pay for your energy bill when the price cap increases from October 1.
To help you get a clearer understanding of how much your monthly bill could change, we have an easy-to-use and updated interactive calculator. The calculator may not provide an exact perfect prediction of your future energy bills as there are a wide variety of factors providers consider when charging you for your usage.
For example, if you've accumulated a lot of credit during the summer months, your direct debit payments for electricity could be lower. To gain a rough estimate of your energy bill, enter how much you currently spend each month on energy in the calculator.
Read next:
Everything you need to know about the energy price cap change
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