Ofgem Price Cap October 2026: Confirmed at £1,723 a Year

Ofgem confirmed the October–December price cap on 26 August 2026 at £1,723 a year for a typical dual-fuel home on the updated consumption basis — up about 4% (£60) on the July–September level of £1,663, in force since 1 October. Below are the rates now in force, the July–September rates they replaced, and whether fixing now makes sense.

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Price cap now in force (1 Oct–31 Dec 2026)

The cap for a typical dual-fuel household paying by Direct Debit is £1,723 a year under Ofgem’s updated typical-use figures (2,500 kWh electricity / 9,500 kWh gas); the July–September 2026 level was £1,663 (about £1,862 on the previous typical-use basis).

Fuel	Unit rate	Standing charge
Electricity	26.32p/kWh	54.83p/day
Gas	7.97p/kWh	29.68p/day

In force since 1 October 2026 — the October–December (Q4) 2026 cap is £1,723 a year (updated consumption basis) for a typical dual-fuel household, confirmed by Ofgem on 26 August 2026 — a rise of about 4%, or £60, on the July–September level of £1,663. 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 a known rate ahead of the January change (Ofgem announces it on 25 November).

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

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Updated on 3 Oct 2026