Energy price cap from October 2026: what it means and what is next
The Ofgem price cap for 1 October to 31 December 2026 is 26.32p per kWh for electricity with a standing charge of 54.83p a day.
The current cap
| Electricity | Rate |
|---|---|
| Unit rate | 26.32p per kWh |
| Standing charge | 54.83p a day |
| Period | 1 October to 31 December 2026 |
These are averages across England, Scotland and Wales for customers paying by direct debit; the exact rate depends on your region and payment method. Ofgem sets the cap every three months, and the next change is on 1 January 2027.
VAT on electricity
Ofgem states these figures do not include VAT from 1 October 2026 to 31 March 2027, because the Government has removed VAT from electricity bills for that period.
What it means for you
The price cap limits the rate per unit, not your total bill, so what you pay still depends on how much you use. To see the cost of individual appliances, use our running cost tables, which are calculated from this cap. For example, see the cost of charging an electric car at home.
Source: Ofgem: energy price cap. Figures checked 8 October 2026.
Frequently asked questions
When does the energy price cap change next?
The next change is on 1 January 2027.
What is the electricity price cap now?
26.32p per kWh with a 54.83p daily standing charge, for 1 October to 31 December 2026.
Figures are for the 2026/27 tax year from official sources and are estimates for guidance only, not financial or legal advice. Printed from ukanswers.co.uk.