price cap

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January 18, 2024

Market spotlight: Probing the GB energy price cap

In this blog, Current± probes the price cap, reviewing how and why the cap levels have changed throughout the energy crisis and examining what place the mechanism has in the UK’s future energy market.
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January 2, 2024

January energy bills almost double pre-crisis levels

On the 1 January 2024 the Default Tariff Price Cap was set at £1,928, leaving households paying almost double pre-energy crisis levels for their energy bills.
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December 21, 2023

Q2 price cap predicted to fall by 14%

Cornwall Insight’s latest Default Tariff Cap (price cap) predictions see a 14% fall to £1,660 per annum for the period between 1 April and 30 June 2024.
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December 19, 2023

Ofgem proposes one-off price cap adjustment to tackle record energy debt

Ofgem has proposed a one-off price cap adjustment of £16 to protect consumers from the “growing risk” of ‘bad debt.’
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November 29, 2023

6.5 million face fuel poverty as households struggle in ‘vicious cycle’

National Energy Action (NEA) has revealed that 6.5 million UK households will be in fuel poverty when the price cap changes in January 2024.
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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 18, 2023

Gas price inflation remains at 1.7% as UK households struggle

The Office for National Statistic revealed that UK gas price inflation remained at 1.7% last month as households prepare for a trying winter.
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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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