The energy price cap is rising in July, affecting many households. This page answers the most common questions people search for, from who’s affected to practical tips on fixed tariffs, payment methods, and smart-meter usage. Read on to understand what changes mean for you and what actions could help manage costs.
In July, the default energy price cap increases by £221, driven by higher wholesale gas prices linked to ongoing geopolitical tensions. About 60% of households (roughly) remain on standard tariffs and will be affected, while around 40% on fixed tariffs won’t see the rise. If you’re unsure which tariff you’re on, check your latest bill or contact your supplier.
Regulators and energy bodies say households on variable tariffs should review fixed tariff options to lock in a price. Those who use predictable budgets may benefit from fixed tariffs, while households with fluctuating incomes or low monthly consumption might prefer standard or variable plans with flexible payments. Compare offers from your supplier and consider your energy usage patterns before switching.
Smart meters can help by showing real-time consumption, especially if you shift some usage to off-peak times. Look for off-peak pricing or time-of-use tariffs from your supplier. Monitoring when you use the most energy helps you cut consumption and reduce bills, even when the base price cap rises.
Yes. While the price cap applies nationally, the specific tariffs, fixed-term offers, and payment methods vary by supplier and region. Some suppliers may advertise more favorable fixed deals or flexible payment plans. Always compare quotes from multiple suppliers and read the small print on any discounts, fees, or exit terms.
Start with the annual cost estimate for each tariff, not just the unit rate. Consider daily standing charges, unit rates, and any exit or switching fees. Use comparison tools or contact suppliers to get personalized quotes based on your typical usage. If you have a smart meter, provide usage data to get accurate estimates.
Review tariffs and switch if you’re on a variable rate, consider off-peak usage with smart-meter data, reduce high-demand activities (like heating and hot water during peak periods), and set up direct debit or other preferred payment methods to avoid late fees. Also, check if any government or supplier-assisted support programs apply to you.
In news we didn’t want to hear – on Wednesday, energy regulator Ofgem announced a 13 per cent increase in the energy price cap for the period covering1 July to 30 September 2026. Typical annual energy bills are now set to rise by £221 to £1,862 from