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Top 5 Common Myths About The Energy Price Cap

You may have heard of the energy price cap, but what does it actually mean for your energy bills?

The price cap sets a limit on the rates your energy supplier can charge you if you’re on a standard variable or default tariff. But there are some common misunderstandings about how it works.

Here are four things you might think about the price cap and what the reality is.

The price cap limits the amount your supplier can charge for each unit of energy you use, as well as setting a maximum level for the standing charge on a standard variable or default tariff.

It does not put a limit on your total bill. The more energy you use, the more you will pay.

For example, from 1 October to 31 December 2026, the price cap is £1,723 a year for a typical dual-fuel household paying by Direct Debit. This is... Read more