Energy Price Cap Details for January 2025 Ofgem has announced that the next energy price cap will rise to £1,738 for the period from 1st January to 31st March 2025. This adjustment reflects a moderate increase as a response to the changing energy market dynamics. This is detailed further ...
Price cap periodAnnual energy cost for an average usage medium-sized household paying by Direct Debit 1 January to 31 March 2024£1,928 1 April to 30 June 2024£1,690 1 July to 30 September 2024£1,568 1 October to 31 December 2024£1,717 ...
As of 1 October 2024, the energy price cap is £1,717 a year for a “typical household”. This will stay in place until 31 December. But Ofgem has just announced that the price cap will be increasing slightly in the new year: a rise of 1.2% to £1,738 per year. This slightly...
Updated: 25/03/2024 Ofgem is looking to introduce a new energy price cap based on the time of day households use energy. The energy regulator has launched a consultation on a range of options for the future of the price cap, including a “more dynamic cap” with “time-of-use-depend...
During the current period from 1 April to 30 June, the energy price cap isset at £1,690 per yearfor a typical bill. Energy regulator Ofgem sets the cap four times a year, with the latest announcement applying from July to September. ...
The guarantee went into effect on October 1, 2022, and will remain until April 1, 2024. This means that consumers will pay less for electricity than they would have if the price cap had been in place. To know more, you can check outBusiness Energy Comparisonand read below for more detai...
More on Energy Price Cap Energy price cap now expected to rise in April as bills increase again in January Energy price cap rises again - with cost of bills expected to stay high for months Energy bills to rise again from January but spring falls to come, research firm Cornwall...
If you opt for the deal right now, your deal will be adjusted in April to reflect the fall in energy prices. It's expected that customers who switch now will pay at least £1 below the April 2024 price cap (i.e. £1,689). ...
Alongside this, the maximum sums suppliers can charge has also been increased.From 1 April, the energy price cap was raised by £96 to £1,138. This was down to a combination of rising wholesale energy costs and the decision to support energy suppliers whose customers may have been unabl...
Current energy price cap rates from 1 October to 31 December 2024New energy price cap rates from 1 January January to 31 March 2025 GasUnit rate: 6.24p per kilowatt hour (kWh). Standing charge: 31.66p per dayUnit rate: 6.34p per kWh. Standing charge: 31.65p per day ...