The energy price cap is a limit Ofgem sets on the unit rates and standing charges that suppliers can charge on standard variable and default tariffs in England, Scotland and Wales. It's reviewed every three months.
What it limits, and what it doesn't
The cap limits rates, not your total bill. If you use more energy, you pay more. Fixed tariffs aren't covered by the cap; their rates are whatever you agreed when you signed up.
The current cap
From 1 October to 31 December 2026, the GB average rates for direct debit are:
| Fuel | Unit rate | Standing charge |
|---|---|---|
| Electricity | 26.32p/kWh | 54.83p/day |
| Gas | 7.97p/kWh | 29.68p/day |
Source: Ofgem energy price cap Cap period from
Where the "typical bill" comes from
Ofgem's headline figure is a year's cost for a home using 2,500 kWh of electricity and 9,500 kWh of gas, at the rates above:
- Electricity: £658.00 for energy plus £200.13 in standing charges.
- Gas: £757.15 for energy plus £108.33 in standing charges.
- Total: £1,723 a year.
Your bill depends on your own usage, your region and how you pay. Use the moving home checker to see the electricity cap where you live.
Why rates differ by region and payment method
Each region has its own cap, because network costs vary. Paying by direct debit is usually cheapest. Paying on receipt of a bill costs more, and prepayment rates are set separately.
When it changes
The cap changes on 1 January, 1 April, 1 July and 1 October. Ofgem announces each new level about five weeks before it starts.
Sources
Wording checked . Rules change, so check the linked sources before you act.