Your cookie preferences

We use cookies and similar technologies. You can use the settings below to accept all cookies (which we recommend to give you the best experience) or to enable specific categories of cookies as explained below. Find out more by reading our Cookie Policy.

Select cookie preferences

Skip to main content

Live energy updates and information - energy price cap level to drop again to £1,568 from July

We know there's a lot going on in the energy market right now, with bills rising, suppliers exiting the market, and lots of jargon being used which can make things confusing. Uswitch can help you make sense of it all here.

Energy price cap to decrease again to £1,568

24 May 2024, 07.00: Ofgem has announced that its energy price cap will decrease for the second consecutive time to £1,568.

This is a new two-year low for energy prices on standard variable tariffs, indicating increasing stability in the wholesale energy market and allowing suppliers to start bringing competitive deals back to the market.

Customers should run an energy comparison with Uswitch to see whether they might be able to fix and ensure they have price certainty. If no suitable deals are available, they can also ensure their details are up to date so they're ready to act as soon as new potential options are brought to market.

Energy price rises and the general cost of living crisis will naturally have you concerned about the impact on your bills, which have already risen significantly in the last few months, but Uswitch is here to advise and support you through this difficult period.

Find out more about the price cap, the energy market and your options here:

Is it time to fix your energy deal?

What is the energy price cap?

What is the Energy Price Guarantee and what does it mean for you?

Find out how the Utrack mobile app can help you keep energy bills down

How can you save money across Uswitch?

Energy-saving tips

Run an energy comparison

Enter your postcode below to compare energy prices and get started on your energy switch.

What else can you do?

Quick Checker Mock-up
Check your options

See if you can switch to a fixed deal with Uswitch by running an energy comparison. You can also see what energy support schemes or grants you - or any vulnerable friends or relatives - may qualify for, from either the government or energy suppliers.

Smart meter on table
Check your home energy use

It’s more important than ever to be energy efficient.

There are simple and affordable ways to prevent heat loss, such as draught-proofing doors and window frames, bleeding radiators and keeping thermostats at a steady temperature. Check out our other energy saving tips here.

two people at home sorting out their bills
Check your other household bills

While there are currently no savings when it comes to your energy bill, you may be able to cut costs on your other household bills. Reviewing broadband, TV and mobile contracts with Uswitch could be a quick and easy way to make a reduction on your monthly outgoings.

Find out what energy help is available to you

Our easy to use tool shows you which government and supplier-specific energy help schemes you might be able to sign up for depending on your eligibility.

Live energy market updates

19 June 2024

Uswitch 2024 Energy Awards winners announced

Uswitch has announced the category winners of its 2024 Energy Awards.

Smart Energy Meter In Kitchen Measuring Electricity And Gas Use With Man Looking At Bills
23 November 2023

Energy price cap to rise to £1,928

Ofgem has announced that the energy price cap will increase to £1,928 from 1 January 2024, which means a bill rise at a time of peak energy usage.

01 September 2023

Octopus Energy agrees deal to buy Shell Energy

Octopus has resolved the long-mooted exit of Shell Energy from the UK by striking a deal to acquire its energy and broadband customers.

woman looking at her smart meter bill
25 August 2023

Energy price cap level lowered for third consecutive time to £1,923

With the price cap level being lowered yet again by Ofgem, what does this mean for customers and the likelihood of being able to switch to affordable energy deals?

24 July 2023

Uswitch 2023 Energy Awards winners announced

Uswitch has announced the winners of its annual Energy Awards, which have been slimmed down this year to reflect the ongoing challenges of the energy market.

21 June 2023

Nearly six million households are stuck with a supplier they didn't choose

Uswitch research has found that nearly six million households are stuck with an energy supplier they didn't choose after their previous energy supplier went out of business.