How much will the energy price cap drop in July 2026?

In July 2026, the UK energy price cap is expected to decrease, providing bill savings for millions of households. For the latest figures and what this means for your monthly bills, visit the full article.

How do I switch energy providers to benefit from a lower price cap?

Switching energy providers is straightforward and often leads to further savings. Compare tariffs on our website, select the best deal, and sign up—all online. We’ll help you manage the process from start to finish.

Who sets the energy price cap in the UK?

The energy price cap is set by Ofgem, the UK’s energy regulator, and is reviewed periodically to reflect changes in wholesale energy costs.

Where can I get help with my energy bills?

If you are struggling with your energy bills, contact your supplier for support or visit the help section at https://www.energyplus.co.uk/help for advice about grants and ways to save on your bills.

UK Energy Price Cap Drops July 2026: What Homeowners Need to Know

Q: What is the UK energy price cap?

The UK energy price cap is a limit set by Ofgem on the amount energy suppliers can charge customers for their default tariffs. It helps protect consumers from sudden increases in energy costs.

Good news for households: The UK energy price cap is set to drop in July 2026. Find out how this impacts your home energy bills, how to make the most of the price shift, and the steps you can take now to save on energy.

What Is the UK Energy Price Cap?

The energy price cap, regulated by Ofgem, limits the maximum amount suppliers can charge you for each unit of gas and electricity on a default or standard variable tariff. The cap directly affects what most UK homes pay for their energy, providing a level of protection, especially during times of market volatility.

Why Is the Price Cap Changing in July 2026?

In July 2026, Ofgem intends to lower the energy price cap, reflecting sustained drops in wholesale costs and moves toward stabilising the UK energy market. This change is anticipated to deliver substantial bill reductions for millions of households compared to peak prices seen in 2022-2023.

How Will the Cap Drop Affect Your Home Energy Bills?

Lower Typical Bills: Most standard variable tariffs will decrease, reducing monthly household costs.
Potential for Fixed Deals: New fixed tariffs may become more competitive, offering price certainty.
Better Switching Opportunities: More households may benefit by comparing suppliers and switching to the best deal.

How to Prepare: Maximise Your Savings Before & After the Price Cap Drop

Compare Energy Tariffs: Use the EnergyPlus free comparison tool to see if there’s a cheaper fixed deal ahead of the cut.
Monitor Announcements: Stay updated on Ofgem’s price cap reviews, as early knowledge means faster action.
Act Fast When Cap Drops: When new cap rates are announced, many suppliers launch new offers—be ready to switch or fix your rate.
Invest in Home Efficiency: Improve insulation, consider smart meters, and upgrade to energy-efficient appliances for extra savings.

Frequently Asked Questions: July 2026 Energy Cap

Estimates suggest a typical dual-fuel household could save between 10–15% compared to early 2025, though savings depend on usage and tariff. Check your own rate for a personalised estimate.

Fixed tariffs lock in your unit rate for a set period. If you prefer certainty and think prices may rise after July 2026, fixing could be wise. However, if further cuts are likely, a variable tariff may be more advantageous.

Standing charges are also reviewed with the cap and may be adjusted. Always check the details for both unit rates and standing charges before switching.

Be Ready: Get Alerts When the Cap Changes

Sign up for email updates from EnergyPlus to know as soon as new tariffs launch and price cap updates are announced. Don’t miss out on the chance to save!

Switch and Save with EnergyPlus

When the UK energy price cap drops in July 2026, EnergyPlus makes it easy to compare the latest home energy tariffs. Our simple, secure online tool lets you check live prices from top UK suppliers, so you can switch with confidence—fast, free, and with zero interruption to your supply.

Compare Energy Deals

Page last updated: June 2024. For the latest on the UK energy price cap, visit EnergyPlus news or Ofgem.

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Updated on 16 Dec 2025