What is the Ofgem Price Cap?
The Price Cap is set by Ofgem, the energy regulator, and it limits the maximum amount suppliers can charge customers on a default tariff (such as a Standard Variable Tariff).
The cap applies to unit rates and standing charges, not your total bill.
Your actual bill will depend on how much energy you use, where you live, how you pay, and the type of meter you have.
Ofgem reviews and updates the Price Cap every three months (January, April, July, October).
Does the Price Cap mean my bill can’t go above a certain amount?
No. The Price Cap is not a cap on your total bill. It only limits the cost per unit of energy. If you use more energy, your bill will be higher; if you use less, it will be lower.
Who does the Price Cap apply to?
Customers on a Standard Variable Tariff (SVT).
It does not apply to customers on a fixed tariff — your rates are locked in under your contract.
Do I need to do anything?
No. If you’re on a tariff covered by the Price Cap, it’s applied automatically to your account and you'll be notified of any price changes.