Ofgem price cap: what to expect in the next quarter
Guidance for households paying by direct debit and standard creditThe energy price cap limits what most suppliers can charge per unit of gas and electricity for standard variable tariffs. Ofgem updates the cap every three months (January, April, July and October). While the cap is not a maximum total bill, unit rates and standing charges under the cap still have a big impact on what you pay.
- Cap reviews take effect on the 1st of Jan, Apr, Jul and Oct.
- Your bill depends on usage: cutting consumption still saves the most.
- Fixed deals may be available from some suppliers; compare carefully.