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Live energy updates and information - energy price cap level to increase to £1,928 from 1 January

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 level to increase to £1,928 from 1 January

23 November 2023, 7.00: Ofgem has announced that the level of its energy price cap, will increase to £1,928 from 1 January to 31 March 2024.

This is the first increase in the cap's level in recent months and is linked to ongoing global unrest. Its timing will be unwelcome for UK households as prices will rise during the period of the year when energy use tends to be at its highest.

However, with some fixed energy deals available, 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

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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.

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Energy suppliers could soon offer fixed deals between £2,200 and £2,500 according Uswitch analysis

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Ofgem cuts energy price cap level to £3,280

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26 January 2023

Arguments over energy usage on the rise in UK households

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