How is Ofgem's price cap factored in to my results?
If you’re on a standard or default tariff, the price cap - set by energy regulator Ofgem - places a limit on the amount your provider can charge for each unit of energy. For someone with typical use, paying by direct debit, the cap is currently set at £2,074/year. Yet this isn't the maximum you'll pay - use more and you’ll pay more, use less and you’ll pay less.
Ofgem also revise the level of the cap four times a year with changes coming in from January, April, June and October, based on suppliers' costs.
To show the amount you could save by switching, Cheap Energy Club uses the most up-to-date rates of your tariff, and bases your savings on the rates staying the same for the next year.
Popular Questions
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Do your figures include VAT?
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How can I contact Cheap Energy Club?
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How does the comparison calculator work?
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How is Ofgem's price cap factored in to my results?
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I've called the supplier and it knows nothing about the switch
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How do I update my usage or tariff details on my Cheap Energy Club account?
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When will I get my cashback?