Energy price cap: the facts

Here are five things you should know about the energy price cap. 1

The price cap is the maximum amount that energy suppliers are permitted to charge per kWh of gas and electricity per year. 2

The energy price cap is reviewed and set by market regulator Ofgem twice a year.

3

From April 1, the energy price cap will be set at £1,971 a year – a huge 54% (£693) rise on

October’s cap of £1,277.

4

The new prepayment meter tariff cap is £2,017, which is £708 higher than the previous level of £1,309.

The price cap rises and falls. It was at its lowest from October to March 2021, when it was £1,042.