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Glasgow Live
Glasgow Live
National
Dayna McAlpine

British Gas, EDF, Octopus, Ovo, Bulb and more confirm new prepayment rates

Energy suppliers such as British Gas, Scottish Power, Bulb and more have now confirmed their new prepayment rates under the upcoming 1 April price cap.

Gas and electricity costs are set to soar by 54% from next month, with millions looking for additional support for their ever-increasing bills.

READ MORE - Martin Lewis urges everyone to do three things by April or risk losing thousands

Most of the 'big' energy companies have hiked their standard tariffs to the maximum allowed under the cap, reports MoneySavingExpert.com, however Octopus is pricing an average £50/year under the cap for existing customers, based on typical use.

Prepayment meters also known as 'pay-as-you-go' meters are a type of domestic energy meter that requires users to pay for energy before using it. Energy is added by using a smartcard, token or key that can be topped up at a shop or via a smartphone app.

Here's what every energy company have announced as their new prepayment rates (how much you'll pay with typical use) - please note, these prices are based on average rates as gas and electricity unit rates and standing charges vary by region.

British Gas: £2,017

Bulb: £2,017

E.on / E.on Next: £2,017

EDF Energy: £2,017

Octopus Energy: £1,967 (on its standard tariff before March 3) and £2,015 (joining on prepay after March 3)

Outfox the Market: NA

Ovo: £2,015 (via Ovo's Boost brand)

Scottish Power: £2,017

Shell Energy: £2,017

SSE: £2,015

Utility Warehouse: £2,017

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