2022-08-31Calculating energy costs
Energy costs in the UK, and globally, have been rising significantly as a result of Russia’s invasion of Ukraine. Energy prices for domestic (i.e. residential/household) consumers in the UK have been subject to a “cap”1 calculated by the energy regulator, Ofgem. The price cap is usually quoted in terms of it’s annual value, which possibly isn’t the most useful approach, especially as we head into the winter months. So I tried to estimate what my energy costs might be… and then I turned that exercise into an interactive calculator that others can use.