Skip to main content

Live energy updates and information - energy price cap level drops to £2,074 until October 2023

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.

Price cap level drops to £2,074 until October 2023

25 May 2023, 7.00: Ofgem has today confirmed that the level of the energy price cap will drop to £2,074 for average use households paying by Direct Debit from July until October 2023.

This follows several months in which wholesale energy prices have come down. The expectation now is that suppliers should be able to begin to offer customers fixed energy deals again. Customers should ensure their details are up to date so they're ready to act as soon as deals become available.

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

Get ready to switch energy

• Be the first to hear when deals arrive • Save your details for a faster switch

What else can you do?

Quick Checker Mock-up
Check your options

See what energy support schemes or grants you - or any vulnerable friends or relatives - may qualify for, from either the Government or energy suppliers. Stay up to date with what’s happening in the energy market so that you will be ready to switch when the time is right. The Uswitch Quick Checker provides personalised information about your energy plan and a recommendation of what you should do.

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

25 May 2023

Energy price cap to be lowered to £2,074 from July 2023

Ofgem announces a reduction in the level of the energy price cap, from £3,280 to £2,074.

26 April 2023

Energy suppliers are sitting on almost £7 billion of households' money

Uswitch research has found that, after an unusual winter, households are entering the spring and summer with credit in their accounts when they would usually be slightly in debit.

18 April 2023

UK salons struggle as energy bills top 40% of business costs

Uswitch research shows that hair salons and beauty parlours in particular are struggling with the significant costs of the energy crisis.

05 April 2023

Handley Park in Sixpenny Handley is the hardest street to heat in England and Wales

Uswitch's annual survey of England and Wales's energy performance certificates has revealed the hardest and easiest streets to heat.

15 March 2023

Energy Price Guarantee level to remain at £2,500 for a further three months

The government has announced that the Energy Price Guarantee, through which it keeps customers' energy bills at a lower level than they otherwise would have been, will be maintained at its current level until the end of June 2023.

13 March 2023

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

With wholesale energy prices dropping and the Energy Price Guarantee due to stay at £2,500, suppliers could imminently be in a position to offer customers fixed deals.

27 February 2023

Ofgem cuts energy price cap level to £3,280

Ofgem has cut the level of the energy price cap from April, though it will remain higher than the government's Energy Price Guarantee.

14 February 2023

Uswitch launches Utrack Money Back demand flexibility scheme

Uswitch has announced the launch of its demand flexibility scheme, Utrack Money Back.

26 January 2023

Arguments over energy usage on the rise in UK households

Uswitch research has shown that in the wake of high energy bills, more people are now arguing about energy use than they previously were.

09 January 2023

Non-direct debit customers see energy bills rise in January

Although the Energy Price Guarantee is protecting customers from big price rises, some have seen a small increase since the beginning of 2023.

17 December 2022

Government launches energy-saving campaign with support from Uswitch

The long-mooted government energy-saving campaign has launched across the country with focus on Uswitch and Utrack.

01 December 2022

Uswitch announces launch of new mobile app Utrack

Uswitch has today launched its new mobile app, Utrack, which is designed to help energy users track and change their energy usage and habits.

29 September 2022

Uswitch encourages UK households to Check, Track and Change their energy usage this winter

With more than a fifth of households saying they can only cope with rising bills by cutting their energy usage, Uswitch is encouraging customers to check, track and change their energy habits this winter.

two people at home sorting out their bills
08 September 2022

Energy Price Guarantee sees energy prices frozen at £2,500 for two years

In the wake of rocketing energy bills making life financially impossible for UK households, the UK has intervened to fix energy prices with the Energy Price Guarantee.

26 August 2022

Energy price cap level raised to new record high of £3,549

The second energy price cap revision of the year sees it raised to a new high of £3,549 for average use households across the UK.