At the end of May Energy regulator Ofgem announced a 13% increase of the energy price cap for the period covering 1 July to 30 September 2026.
The price cap refers to the default tariff applied when a customer has not signed for a fixed-rate tariff. It sets a maximum rate per unit and standing charge that can be billed to customers for their energy use.
From July, electricity prices are set to increase by less than gas prices – unlike what we saw during the energy crisis.
Based on the energy use of a typical domestic household, from July the price cap will rise by £18 a month for the average household using both electricity and gas if this level was sustained for a year.
