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What will the energy cap changes mean for my bills?

What will the energy cap changes mean for my bills?

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But customers' actual bills depend on the amount of energy used and how they pay for it.For the roughly 11 million households on fixed tariffs, they will not be affected by this increase.Ofgem regulates the energy market in England, Scotland and Wales. These vary slightly by region, external and payment method.Between 1 October and 31 December 2026, average standing charges for direct debit customers will be 54.83p a day for electricity and 29.68p a day for gas. You may also have to pay a penalty to leave a fixed deal early if you change your mind.

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BBC News — Business publishes from United Kingdom and files mainly under business. We currently carry 358 of its stories.

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BBC News — Business · https://www.facebook.com/bbcnews
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Original publisherBBC News — Business
Canonical URLhttps://www.bbc.co.uk/news/articles/cdd29v8mp9jo?at_medium=RSS&at_campaign=rss
Publication timeMon, 28 Sep 2026 14:20:12 GMT
Retrieval time2026-09-28T15:43:41.789Z
Last seen2026-09-28T15:43:41.789Z
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What will the energy cap changes mean for my bills?Image source, Getty ImagesPublished6 August 2021Updated 22 minutes agoTypical annual energy bills are rising by £60 to £1,723 at the start of October, under regulator Ofgem's latest energy price cap.The increase of around 4% in the cap affects millions of people in England, Scotland and Wales, and reflects higher wholesale gas costs which have been pushed up by the US-Israel war with Iran.It means people on variable tariffs should give an accurate meter reading, and - with forecasts of significant increases in bills to come - prepare for a more expensive winter.What is the energy cap and how is it changing?The energy cap fixes the maximum amount which customers on standard variable tariffs can be charged for each unit of gas and…

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