UK Energy Price Tracker — w/c 6 July 2026 | New price cap rates, cheapest deals & switching tips
The price cap this quarter: £1,862/year for a typical direct-debit dual-fuel household (Ofgem, 1 Jul–30 Sep 2026). That's up 13% (~£221/yr) on the April cap — gas unit rates rose ~24%, electricity ~5%, driven by a 28% jump in wholesale gas over the past three months.
| Supplier | Elec (p/kWh) | Gas (p/kWh) | Elec SC (p/day) | Gas SC (p/day) |
|---|---|---|---|---|
| Price cap (max) | 26.11 | 7.33 | 57.19 | 29.04 |
| Octopus Flexible | tracks cap (~26.11) | tracks cap (~7.33) | ~cap | ~cap |
| EDF standard variable | ~cap | ~cap | ~cap | ~cap |
| Fuse Energy | below cap | below cap | below-average SC | below-average SC |
Fuse runs a variable tariff that tracks a few % under the cap plus lower-than-average standing charges, and fixed deals that sit below the cap. Exact rates vary by region and payment method — enter your postcode on each supplier's site for a personal quote.
This week in UK energy:
- The new July–September price cap took effect on 1 July: £1,862/year for typical use. Gas is doing most of the damage (~24% up); electricity only ~5%.
- Cornwall Insight is forecasting the October cap at roughly £1,899 — another ~£37/year rise — but that's a forecast, not confirmed. Ofgem announces the real figure by 26 August.
- Around 40% of accounts (~22 million) are on fixed tariffs and aren't affected by this rise. If you're on a Standard Variable Tariff, you're paying the cap.
Switching tips:
- Switching takes ~3 working days and you never lose supply.
- Smart meters transfer with you in most cases.
- On a fixed deal? Check your exit fee before switching (typically £50–75 per fuel).
- The cap only applies to Standard Variable Tariffs — a good fixed or below-cap variable deal can beat it.
- With another cap rise forecast for October, locking in a below-cap deal now is worth a look.
Disclosure: I'm a Fuse Energy customer and this post includes a referral code. Code WTWQYD61982 gets us both £25 per fuel (£50 for gas + electricity) if you switch. Non-referral link: fuseenergy.com