What is the Ofgem energy price cap? The Ofgem energy price cap sets the maximum unit rates energy firms can charge for standard variable rate tariffs. It caps the price per kilowatt hour (kWh ...

My total electricity bill (I don’t have gas) would not have come out at £2,096 – roughly in line with the average Ofgem tariff and Energy Price Guarantee over the previous year – but a ...

Because cheap fixed-rate deals have almost disappeared, almost all homes are now on tariffs regulated by the Ofgem price cap. This depends on what sort of tariff you have, your meter and how ...

external by the energy regulator Ofgem. It fixes the maximum price that can be charged for each unit of energy on a standard - or default - tariff for a typical dual-fuel household which pays by ...

For comparison, we've also listed the current equivalent cost of a price-capped variable tariff at the top of the table. Prices are based on Ofgem's annual typical consumption values. These are low ...

Utility Warehouse (UW) has launched a new fixed energy tariff priced £154 lower than the current price cap. Energy regulator Ofgem raised the price cap on October 1, seeing a typical duel-fuel ...

They are adjusted by RPI at 13.4% for the year from 1 April 2023: Table notes ... smaller firms also chose to pay the feed-in tariff. These include Ecotricity, Engie, Good Energy and Green Energy UK.

Another option flagged by MSE is a discounted price cap tracker tariff, which are variable deals that move in line with the Ofgem price cap. The EDF Ensure 1yr tracker offers £50 cheaper standing ...

Standard tariffs fluctuate throughout the year because they are linked Ofgem, the regulator’s, energy price cap, which is reviewed three months. The cap limits what suppliers can charge for each ...

Chief executive David Buttress said that the Government should implement a social tariff, a concept already ... from October 1 after industry watchdog Ofgem raised its price cap.

With a variable rate tariff, the rate can go up or down as the supplier dictates, so long as it remains within the price cap set by the energy regulator, Ofgem. The price cap was introduced at ...

However, this does not influence our editorial opinion found in articles, reviews and our ‘Best’ tables. Our opinion is our own. Read more on our methodology here. The Ofgem price cap isn’t ...