We’ve looked at where you can get the cheapest gas and electricity prices in the Ibstock 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.
Ibstock is a charming village located in Leicestershire, known for its rich history and strong community spirit. With its delightful red-brick architecture and picturesque surroundings, Ibstock boasts a welcoming atmosphere that reflects its traditional roots. The village features a variety of local shops, pubs, and parks, providing residents with a vibrant and engaging environment. Enthusiastic community events, along with beautiful countryside access, foster a sense of belonging among the locals. Ibstock is truly a delightful place, marrying historical charm with contemporary living.
Who are the cheapest energy suppliers in Ibstock?
By using the current prices for tariffs in Ibstock 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 | £139 | £1,667 |
| Outfox The Market | Fix’d Dual | Fixed | £140 | £1,684 |
| ScottishPower | Help Beat Cancer Flexi | Variable | £140 | £1,685 |
| British Gas | Fixed Tariff | Fixed | £140 | £1,686 |
| E.ON Next | Next Fixed 18m | Fixed | £141 | £1,687 |
| EDF Energy | Simply Fixed | Fixed | £141 | £1,688 |
Octopus Energy is often the cheapest energy supplier in your area.
Get a free quote in less than 30 seconds plus get £50 credit when you switch.
Other locations nearby that is information is also likely applicable to includes Whitwick, Hugglescote, Bardon Hill, Ellistown, Coalville, Markfield, Packington, Ashby-de-la-Zouch, Swannington and Ravenstone.
Who is the best energy supplier in Ibstock?
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 Ibstock below:
| Supplier Name | Reviews Rating | No. Reviews |
|---|---|---|
| Octopus Energy | 4.8 | 480,000+ |
| OVO | 4.5 | 198,000+ |
| EDF Energy | 4.7 | 118,000+ |
| E.ON Next | 4.5 | 145,000+ |
| British Gas | 4.2 | 265,000+ |
What are the maximum standing charges in Ibstock?
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.
Ibstock falls under the East Midlands area, meaning standing charges are currently capped at 31.48p per day for gas and 56.89p 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 88.37p.
This means that Leicestershire is in the area ranked 4th out of the 14 regions in terms of maximum standing charges rates (14th is highest). The capped price is 5% lower than the average.
These rates are based on the January 2025 price cap.
What are the maximum unit prices in Ibstock?
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 Ibstock, as it is in the East Midlands, the cap on the unit rate for electricity is 24.12p and the maximum unit rate for gas is 6.19p.
Combined, this gives a maximum unit charge for gas and electricity of 118.68p.
This means that Leicestershire is in the area ranked 4th out of the 14 regions in terms of maximum unit prices (1st is lowest).
The capped rate is 4% lower than the average.
Again, these are based on the January 2025 price cap and will next be updated in April 2025.
What is the average energy usage for a property in Ibstock?
Ibstock is in the North West Leicestershire District local government area.
Gas Usage
In this area, there are 47,000 domestic properties.
42,000 of these properties have a gas meter whilst 5,000 are not connected to the gas grid (approximately 10% of properties).
The total gas usage for this area is 482 GWh, with the average household consuming 11,463 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 47,400 domestic electricity meters in this area.
The total consumption of all meters comes to 161 GWh, with the average household consuming 3,471 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 Ibstock rate for energy efficiency?
When it comes to the efficiency of properties, 44% in North West Leicestershire 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 3.9 tonnes/year for existing properties and 1.7 tonnes/year for new properties.
Combined, the average CO2 emissions for properties in this area is 3 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 | 1% |
| Electricity | 5% |
| Mains gas | 85% |
| Oil | 3% |
| Other or unknown | 3% |
How is the smart meter rollout going in Ibstock?
Smart meters are currently being rolled out across the UK and are available for free to most customers from their energy suppliers.
In North West Leicestershire District (which covers Ibstock) 64% 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 Ibstock?
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 East Midlands region, the distributor for Ibstock 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.
Octopus Energy is often the cheapest energy supplier in your area.
Get a free quote in less than 30 seconds plus get £50 credit when you switch.