Ofgem energy price cap: Energy regulator confirms date winter price cap will be announced this month

Watch more of our videos on ShotsTV.com 
and on Freeview 262 or Freely 565
Visit Shots! now
Under the current Ofgem price cap, a typical household with average energy use pays £2,074 a year for their gas and electricity.

Energy regulator Ofgem has confirmed the exact date later this month they will announce their energy price cap for October 1 - December 31. Currently, a typical household with average energy use pays £2,074 a year under the price cap, which will run until September 30.

Hide Ad
Hide Ad

Analysts at Cornwall Insight expect the price cap to then fall to £1,860 from October 1 - although this prediction could change over the next few weeks.

Ofgem will officially announce its next price cap on August 25 and this will cover from October 1 to December 31. This means Brits can expect a reduction in energy bills as we head into the colder winter months.

Energy billing is complicated and can be affected by lots of random elements (Picture: Daisy Daisy - stock.adobe.com)Energy billing is complicated and can be affected by lots of random elements (Picture: Daisy Daisy - stock.adobe.com)
Energy billing is complicated and can be affected by lots of random elements (Picture: Daisy Daisy - stock.adobe.com)

It’s important to remember there isn’t a total cap on how much you can pay for energy. The number for the energy price cap just illustrates what someone with typical usage is likely to pay over a year.

The price cap - which is based on wholesale prices during an assessment period - sets the unit rates you’re charged for gas and electricity, as well as the standing charges.

Related topics:

Comment Guidelines

National World encourages reader discussion on our stories. User feedback, insights and back-and-forth exchanges add a rich layer of context to reporting. Please review our Community Guidelines before commenting.