Ofgem Price Cap: October 2026 Announcement on 26 August — What To Expect

Ofgem confirms the October–December cap on Tuesday 26 August. Latest forecasts point to a small rise — here are the expected numbers, current rates, and whether fixing before the announcement 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

Next announcement: Tuesday 26 August 2026 — Ofgem confirms the October–December (Q4) cap; the assessment window closed on 18 August. Cornwall Insight’s final forecast is £1,700 a year for a typical dual-fuel household — a rise of about 2% on today’s £1,663. The forecast was cut sharply from £1,906 after the Government’s removal of the 5% VAT on electricity, partly offset by higher wholesale gas prices.

Updated 19 August 2026 · forecast source: Cornwall Insight

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Updated on 18 Aug 2026