Camden’s energy prices October 2023 to September 2024
We buy gas and electricity through the LASER public sector buying organisation. this means we can buy energy at cheaper wholesale rates by combining with other organisations.
In the autumn of 2023, Camden bought gas and electricity for the period October 2023 to September 2024.
Although wholesale electricity and gas market prices have shown improvement over the past 12 months they remain volatile and are 2 to 3 times higher compared to historic average market prices.
Camden is still paying less than the wholesale price through LASER’s flexible forward-buying strategies, which have provided protection against wholesale market prices.
Increased energy prices does not affect the other elements of your heating and hot water charge such as planned maintenance and ad-hoc repairs.
Financial support for residents on a communal heating and hot water system
From April 2023 the Government introduced the Energy Bill Discount Scheme (EBDS). We are not eligible for the EBDS discount because our energy prices have been below the thresholds set by the Government. However, we applied for a higher level of support, which is available to heat networks with domestic end users, like tenants and leaseholders.
So far, Camden has received a small amount of higher-level EBDS for gas supplies serving heating and hot water systems. This has been applied to Camden’s gas bills and will be passed on to leaseholders in the actual adjustments issued in September 2024.
We do not expect to receive EDBS for our electricity supplies because the price we pay is already below the government’s minimum supply price.
Discount scheme update
We've received a small amount of higher level EBDS for gas supplies serving heating and hot water systems. This has been applied to our gas bills and will be passed on to leaseholders in the actual adjustments to be issued in September 2024.
We do not expect to receive the higher level of support for electricity supplies that operate heating networks, as pricing is already below the government’s minimum supply price.
If you cannot pay on time
If you’re finding it difficult to pay your service charges, it’s important to contact us as soon as possible. Email our Collections Team at [email protected]. They are here to help.
If you are receiving benefits, the Department for Work and Pensions (DWP) may help you to pay your service charges. You should inform the DWP as soon as you get a bill.
If you have problems with money or debt, you can use our benefits calculator and refer yourself to the money advice service.