Am I on the Ofgem Price Cap?
According to Ofgem, around 65% of homes in England, Wales, and Scotland are on tariffs 'covered' by the Price Cap.
The Price Cap, introduced by Ofgem in 2019, limits what you pay for each unit of gas or electricity, along with the standing charge.
It's largely based on wholesale energy prices, which are what the energy suppliers pay. When the wholesale cost of energy is higher, suppliers charge you more.
The Price Cap limits how much they can charge, so if you're on a price-capped tariff, you're probably paying the maximum.
How do I know if I'm on a price-capped tariff?
You're probably on a price-capped tariff, otherwise known as standard variable rate (SVT), if:
You were with a supplier that has gone bust, and another supplier has 'inherited' your account
You were on a fixed rate tariff, but haven't switched after the fixed period elapses
You've never switched your tariff
Use our tool to figure out if you're on the Price Cap, or you've fixed your rate. Just answer a few simple questions about what you know about your tariff, and we'll tell you whether we think you're on it or not.
If you don't know the name of your tariff, just select 'Other' and answer the remain questions best you can.
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Results
Simply fill in a few details to see if you're on the price cap.
What are the current unit rates and standing charges under the Price Cap?
Under the current Price Cap, which runs from the 1st of October to the 31st of December, the unit rates and standing charges per fuel type are:
Fuel type | Unit rate | Standing charge |
|---|---|---|
Gas | 7.97p/kWh | 29.68p per day |
Electricity | 26.32p/kWh | 54.83p per day |
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Beth Leslie
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Currently the General Manager for Home Services and Mortgages, Ashton observes the markets and, along with his team, strives to get the best possible solutions for consumers. The products within his...
