Ofgem Price Cap October 2026: Confirmed at £1,724 a Year

Ofgem confirmed the October–December price cap on 26 August 2026 at £1,724 a year for a typical dual-fuel home on the updated consumption basis — up about 4% (£61) from today’s £1,663, effective 1 October. Below are the current Q3 rates, the confirmed October figures, and whether fixing now makes sense.

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Current price cap (1 July – 30 September 2026)

The Q3 2026 cap for a typical dual-fuel household paying by Direct Debit is £1,663 a year under Ofgem’s updated typical-use figures (2,500 kWh electricity / 9,500 kWh gas). On the previous typical-use basis it is equivalent to about £1,862.

Fuel	Unit rate	Standing charge
Electricity	26.11p/kWh	57.19p/day
Gas	7.33p/kWh	29.04p/day

Confirmed 26 August 2026 — Ofgem has confirmed the October–December (Q4) 2026 cap at £1,724 a year (updated consumption basis; about £1,936 on the older usage metrics) for a typical dual-fuel household — a rise of about 4%, or £61, on today’s £1,663, effective 1 October 2026. From 1 October, electricity is 26.32p/kWh with a 54.83p/day standing charge (VAT on electricity has been removed), and gas is 7.97p/kWh with a 29.68p/day standing charge. Only Standard Variable customers are affected — fixed tariffs are protected, so fixing now locks in today’s rate before the rise.

Written by: EnergyPlus Editorial Team · Last reviewed 31 August 2026 · Source: Ofgem confirmed October 2026 price cap

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Updated on 3 Sep 2026