We’ve looked at where you can get the cheapest gas and electricity prices in the Wolverhampton area to give you an idea of what you could be paying if you switched energy suppliers and how much you could save on your energy bills.
Wolverhampton is a City in West Midlands with the postcode sector WV1 1.
It is a vibrant city in the heart of the Midlands, boasting a rich industrial history and diverse cultural scene. With a thriving economy and numerous attractions, it offers a unique blend of modern amenities and historic charm. Residents and visitors alike can enjoy a range of entertainment options and recreational activities.
Who are the cheapest energy suppliers in Wolverhampton?
By using the current prices for tariffs in Wolverhampton and the average gas and electricity usage for a 3-bedroom home, we have found the below energy providers currently have the cheapest tariffs near you:
Supplier Name | Tariff Name | Tariff Type | Monthly Cost | Annual Cost |
---|---|---|---|---|
Octopus Energy | Octopus Fixed12m | Fixed | £133 | £1,597 |
Outfox The Market | Fix’d Dual Aug24 v4.0 | Fixed | £134 | £1,603 |
EDF Energy | Essentials Fixed 1Yr Sep25 | Fixed | £137 | £1,645 |
OVO Energy | 1 Year Fixed 19 August 2024 | Fixed | £137 | £1,648 |
E.ON Next | Next Fixed 12m v23 | Fixed | £140 | £1,683 |
British Gas | Fixed Tariff 12M v9 | Fixed | £144 | £1,725 |
Use our comparison site here to find the cheapest gas and electricity prices based on your usage.
Who is the best energy supplier in Wolverhampton?
When looking at energy suppliers, it is important to not just focus on price.
Using data from Trustpilot, we have highlighted the best-performing energy suppliers that are available in Wolverhampton below:
Supplier Name | Reviews Rating | No. Reviews |
---|---|---|
Octopus Energy | 4.8 | 344,000+ |
OVO | 4.4 | 175,000+ |
EDF Energy | 4.5 | 91,000+ |
E.ON Next | 4.4 | 100,000+ |
British Gas | 4.2 | 235,000+ |
What are the maximum standing charges in Wolverhampton?
Your standing charge is a daily fee you must pay to your energy supplier regardless of your energy usage. Under the rules of the Ofgem price cap, a company is allowed to charge a maximum amount, which varies depending on where you live.
Wolverhampton falls under the West Midlands area, meaning standing charges are currently capped at 31.45p per day for gas and 62.73p per day for electricity.
This means that whoever your supplier is, these are the maximum amounts they can charge you.
Combined, this gives a maximum standing charge for gas and electricity of 94.18p.
This means that West Midlands is in the area ranked 8th out of the 14 regions in terms of maximum standing charges rates (14th is highest). The capped price is 3% higher than the average.
These rates are based on the July 2024 price cap.
What are the maximum unit prices in Wolverhampton?
Your unit rate is how much you are charged per unit of gas or electricity you use. These units are measured in kWh.
Similar to standing charges, a supplier can charge a maximum for each unit of gas or electricity, which varies depending on your area.
In Wolverhampton, as it is in the West Midlands, the cap on the unit rate for electricity is 23.84p and the maximum unit rate for gas is 6p.
Combined, this gives a maximum unit charge for gas and electricity of 124.02p.
This means that West Midlands is in the area ranked 7th out of the 14 regions in terms of maximum unit prices (1st is lowest).
The capped rate is 2% higher than the average.
Again, these are based on the July 2024 price cap and will next be updated in October 2024.
What is the average energy usage for a property in Wolverhampton?
Wolverhampton is in the City of Wolverhampton District local government area.
Gas Usage
In this area, there are 113,000 domestic properties.
102,000 of these properties have a gas meter whilst 11,000 are not connected to the gas grid (approximately 9% of properties).
The total gas usage for this area is 1,189 GWh, with the average household consuming 11,831 kWh of gas per year.
For context, the area with the highest average gas usage was the Elmbridge District, with 16,182 kWh per year, and the lowest gas usage was the City of Plymouth, with 7,976 kWh per year.
Electricity Usage
In total, there are 110,800 domestic electricity meters in this area.
The total consumption of all meters comes to 351 GWh, with the average household consuming 3,242 kWh of electricity per year.
For context, the area with the highest average electricity usage was the Cotswolds, with 4,947 kWh per year, and the lowest electricity usage was the South Tyneside District, with 2,527 kWh per year.
How do properties in Wolverhampton rate for energy efficiency?
When it comes to the efficiency of properties, 38% in City of Wolverhampton District are rated as EPC Band C or above.
The lowest-rated area in the UK (Pendle District) has only 22% of properties rated Band C or above.
In contrast, the best-performing area (Salford) has 65% of properties rated Band C or above.
The average estimated CO2 emissions from these properties is 3.6 tonnes/year for existing properties and 1.4 tonnes/year for new properties.
Combined, the average CO2 emissions for properties in this area is 4 tonnes/year.
When it comes to central heating, the table below shows the main fuel type used for central heating in this area:
Fuel Type | Percentage |
---|---|
Community heating scheme | 3% |
Electricity | 12% |
Mains gas | 84% |
Oil | 0% |
Other or unknown | 1% |
How is the smart meter rollout going in Wolverhampton?
Smart meters are currently being rolled out across the UK and are available for free to most customers from their energy suppliers.
In City of Wolverhampton District (which covers Wolverhampton) 60% of meters are a smart meter, based on the latest available data from 2023.
Torridge has the lowest percentage of smart meter installations, with only 46% being smart.
In contrast, Chesterfield has the highest percentage of smart meters at 69%.
Which distribution network covers Wolverhampton?
The UK’s energy distribution network is supported by several key companies, each responsible for specific regions. These firms manage the infrastructure delivering energy to homes and businesses, ensuring a reliable supply.
Due to being based in the West Midlands region, the distributor for Wolverhampton is National Grid.
National Grid Electricity Distribution, previously Western Power Distribution, is the UK’s largest electricity distributor, serving 8 million customers across the Midlands, South West, and Wales. Covering 55,000 square kilometres, its 6,500 staff ensure a reliable electricity supply and excellent customer service for millions of homes and businesses.