This website uses cookies to ensure you get the best experience on our website. Find out more.

Energy Price Cap Information 2024

The current energy price cap by industry regulator Ofgem is £1,928 a year for a typical UK household. 

Ofgem defines typical usage as 11,500 kWh annually. You will pay more if you use more as the cap is on the overall price the supplier can charge you per kWh, not the overall amount you pay.

The price cap on electricity is 33.21p and 10.31p per kWh for gas. 

Beat The Price Cap

latest energy price cap

Energy Price Cap History

Period

Typical usage price cap (£)

% Change vs previous

October 2024 (prediction)

£1,542

+3%

July 2024 (prediction)

£1,497

-7.59%

April 2024 (prediction)

£1,620

-16%

January 2024

£1,928

+5.12%

October 2023

£1,834

-11.57%

July 2023

£2,074

-36.7%

April 2023

£3,280

-23.3%

January 2023

£4,279

+21.2%

October 2022

£3,529

+79%

April 2022

£1,971

+54.3%

January 2022

£1,277

0%

October 2021

£1,277

+12.2%

January 2021

£1,138

+9.2%

October 2020

£1,042

-7.4%

April 2020

£1,126

-4.5%

October 2019

£1,179

-6%

April 2019

£1,254

+10%

January 2019

£1,137

N/A (price cap started)

Price cap history is based on Ofgem's typical usage for direct debit customers.

Price Cap By Payment Method

Payment Method

Direct Debit

Cash/ cheque

Pre-payment

Typical usage price cap

£1,928

£2,058

£1,917

The price cap by payment is based on typical usage set by Ofgem.

How Does Ofgem Calculate Typical Household Consumption?

Energy usage

House type

Typical electricity use (kWh)

Typical gas use (kWh)

Low

Flat / 1 bedroom house

1,800

7,500

Medium

2-3 bedroom house

2,700

11,500

High

4+ bedroom house

4,100

17,000

Are Standing Charges Capped? 

Daily standing charges are not capped and they are set by the supplier to cover operational costs of supplying energy to your home. However, standing charges are included in the maximum price that a supplier can charge you.

Compare deals