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, the cap is currently set at £1,254/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 twice a year with changes coming in from April and October, based on suppliers' costs.

From 1 October, Ofgem has announced that the price cap will fall by £75/yr to £1,179/yr on typical use, with bills expected to fall accordingly. 

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 - even though we know the cap is likely to change every six months. We now know most providers’ prices are set to fall in October, yet we don’t have full details yet, so your savings over the next year may be slightly overestimated. We'll update them as soon as your provider sends us its updated rates.