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It will leave Her Majesty forking out around £4.5million to heat her homes.
Using industry estimates of the cost of running the monarch’s highest profile properties, the price increases are set to hit the Royal Family hard.
Despite ongoing attempts to make her homes more sustainable, the cost of heating and lighting buildings such as Buckingham Palace, Windsor Castle and Balmoral is rocketing.
Last spring it was estimated the Royals were spending £2.5million on bills for their properties, with Buckingham Palace costing £1.1million a year to heat and light.
But with the new energy price cap set to come in on October 1, that will rise to an eye-watering £4.5million per year for Buckingham Palace, Windsor Castle, St James’s Palace, Palace of Holyroodhouse, Balmoral Castle, Sandringham House, Hillsborough Castle, Clarence House and Frogmore Cottage.
Buckingham Palace, with its 775 rooms, 77,000 square metres of floor space and swimming pool, is the most expensive Royal residence to run.
Once the prices rise, the bill for the palace will be just under £2million a year.
Windsor Castle has the next highest energy bill of £708,000. And heating and lighting the Queen’s favourite Scottish castle Balmoral will cost almost £18,000 a month – or £215,000 per annum.
A energy industry source said: “The Queen isn’t immune from the energy price rises and like everybody else she’s going to have to find more to pay the bills.”
A Buckingham Palace spokeswoman declined to comment.
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