Camden’s energy prices October 2023 to September 2024
We buy gas and electricity through the LASER public sector buying organisation. This means that we buy energy at cheaper wholesale rates because we are doing it with other organisations.
In Autumn 2023, Camden completed gas and electricity purchases for the period October 2023 to September 2024. We have secured gas at 7.3 pence/kWh, which is a decrease from last year’s 8.5 pence/kWh.
From October 2023 to September 2024 Camden is paying 29.4 pence/kWh for electricity which is an increase from 28.3 pence/kWh from last year. This means that by buying gas and electricity through LASER, we are still paying a lot less than general wholesale prices.
Increased energy prices do not affect the other elements of your heating or 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, such as 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.
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 camdenleaseholderservices@camden.gov.uk. 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.