default tariff price cap

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November 23, 2023

January price cap £2,000 less than last year’s but bills will still increase

Ofgem has confirmed the Default Tariff Price Cap between 1 January to 31 March 2024 will be set at £1,928 - £2,356 less than the price cap for the same period this year.
Ofgem has asked stakeholders to send responses by 29 September 2023. Image: Getty Images.
November 16, 2023

Final prediction sees 5% rise in Q1 2024 price cap

Cornwall Insight has announced it's final Default Tariff Cap prediction for January to March 2024 at £1,931 for a typical dual fuel household.
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November 3, 2023

UK’s increasing reliance on LNG market to keep price cap above its current level

The latest Cornwall Insight forecast saw the Default Tariff Cap (price cap) remain above the current level until the end of 2024.
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October 2, 2023

Winter wholesale prices see Q1 price cap predictions rise by 3.5%

Cornwall Insight has set its first Q1 Default tariff Cap prediction at £1,897.97 – 3.5% higher than the current cap.
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August 25, 2023

Energy sector reacts: price cap welcome but worries remain

The energy sector has welcomed the £1,923 energy price cap announced today by Ofgem but concerns remain over vulnerable households.
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August 25, 2023

Reduced Q4 price cap remains almost £700 above pre-crisis levels

Ofgem has today (25 August) announced that the Q4 energy price cap will be set at £1,923 - £785 more than the April 2021 cap.
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August 24, 2023

6.3 million UK households face fuel poverty, as price cap concerns loom

National Energy Action (NEA) has estimated that 6.3 million UK households could by left in fuel poverty this October.
Ofgem's review was confirmed last week (16 November). Image: Getty.
August 18, 2023

Final prediction sees Q4 price cap drop by over £200

Cornwall Insight’s final Q4 Default Tariff Cap prediction sees a £251 drop from the current cap.
The four suppliers include Marble Power, BES Commercial Electricity, Crown Gas and Power2 and the UK Energy Incubator Hub. Image: Getty.
August 8, 2023

CPS calls to abolish Energy Price Cap

The Centre for Policy Studies (CPS) has called for the abolishment of the price cap claiming it has gone “far beyond its intended purpose.”
The new rules will help remove "phantom projects" from the TEC register. Image: Getty.
July 28, 2023

New price cap prediction shows no hint at return to pre-crisis prices

Cornwall Insight's latest Default Tariff Price Cap predictions revealing “no immediate prospect” of prices returning to pre-pandemic averages.

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