October 2026 UK Energy Price Cap News & Savings Tips for Your Home

Find out what the latest energy price cap means for your household bills — plus smart ways to lower costs this autumn and winter.

What Is the Energy Price Cap Update for October 2026?

Ofgem, the UK energy regulator, has announced the new national energy price cap effective from 1 October 2026. This price cap determines the maximum amount energy suppliers can charge the average home for each unit of electricity and gas under a standard variable tariff. The latest review reflects changes in wholesale market prices, government support measures, and costs to supply homes.

  • ? Effective from: 1 October 2026
  • ? Applies to: Homes in England, Scotland, and Wales on standard or default tariffs (not fixed deals)
Did you know? The price cap does not limit your total bill — it sets the maximum unit cost for energy. Your final bill depends on how much you use.

How Much Will My Home Energy Bill Change?

Based on Ofgem's October 2026 update, a typical dual-fuel home on standard tariffs will see their energy costs adjusted as follows:

  • Electricity: £X.XX per kWh (new capped rate)
  • Gas: £X.XX per kWh (new capped rate)
  • Average annual bill: £1,xxx* (for medium typical use)
*Exact bill depends on your home's usage, efficiency, and chosen tariff. Check your current supplier's rates for a personalised quote.

Who Is Affected by the Price Cap?

  • Households on standard variable energy deals (including those rolling off fixed tariffs)
  • Prepayment meter customers (with a separate prepay cap)
  • Not applicable to: businesses, fixed-rate tariffs, or Northern Ireland

Consider reviewing your energy plan or talking to your supplier if you're uncertain which tariff you’re on.

Top 5 Home Energy Savings Tips for Autumn & Winter 2026

  1. Switch off standby and unplug devices — Many TVs, gadgets, and chargers drain energy even when not in use. Save up to £65/year by switching them off completely.
  2. Reduce heating by 1°C — Turning down your thermostat by just one degree can cut heating costs by up to £100/year. Try setting it to the lowest comfortable setting.
  3. Draught-proof your home — Use simple seals, excluders, or curtains to block cold air from doors and windows. DIY draught-proofing can save up to £60/year.
  4. Use energy-efficient LED lighting — Replace old bulbs with LEDs to cut lighting costs by 80%.
  5. Consider a smart meter — Track real-time usage and spot areas to save. Book a free smart meter installation through your supplier.
Quick Win: Washing clothes at 30°C and running full loads can save around £34 a year on your electricity bill!

Should You Switch Energy Supplier After the October Cap?

With wholesale prices fluctuating, it pays to compare energy tariffs regularly. If you haven’t checked in a while, October is a good time to:

  • See if a fixed tariff could lower your bills or give price certainty
  • Switch to a 100% green electricity deal for a cleaner home
  • Check if you're eligible for support schemes like the Warm Home Discount

Use trusted comparison tools or talk to your current supplier about your best options. Switching remains hassle-free and you won’t lose power in the process.

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Frequently Asked Questions

Q: What happens if I use very little energy?
A: You only pay for what you use, but standing charges still apply under the cap.
Q: Will my direct debit change automatically?
A: Your supplier may adjust your payments to reflect the new cap. Check your next bill.
Q: Does the cap apply if I have a smart meter?
A: Yes, standard tariffs charged via a smart meter are included.

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Updated on 18 Dec 2025