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 the cap is higher, use less and it’s lower.

Ofgem can also change the level of the cap in April and October each year, based on suppliers' costs – for example, the price cap rose by an average 10% on 1 April 2019.

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. Though if prices do change, we'll update your savings as soon as your provider sends us its updated rates.