Are you overpaying
for energy?
Based on Ofgem Q2 2026 price cap rates. Takes 30 seconds. No signup needed.
What is the Ofgem price cap?
The Ofgem price cap sets the maximum unit rate and standing charge energy suppliers can charge customers on standard variable tariffs in Great Britain. It's updated quarterly. For Q2 2026 (April–June), the cap sits at 24.5p/kWh for electricity and 6.24p/kWh for gas. The cap doesn't limit your total bill — it limits the rate per unit, so your bill still depends on how much energy you use.
How much should I pay for gas and electricity in 2026?
A typical medium-usage household (2,900 kWh electricity, 11,500 kWh gas) pays around £1,700–£1,900 per year on a standard variable tariff. If you're paying significantly more than this, you're likely either on a poor-value tariff or with a supplier charging above the cap. Fixed deals from competitive suppliers like Octopus can sometimes beat the cap — and new customers often receive a switching credit on top.
Frequently asked questions
Is it worth switching energy supplier in 2026?
It depends on your current deal. If you're on a standard variable tariff with a major supplier, there's a good chance a specialist supplier like Octopus offers a competitive fixed or flexible rate — plus a £50 switching credit for new customers. Use the tool above to see your estimated saving.
How long does switching energy take?
Under Ofgem's Faster Switching rules, most switches complete within 5 working days. Your supply is never interrupted — only the billing company changes.
Will I pay exit fees if I switch?
Only if you're still within a fixed-term contract. Most standard variable tariffs have no exit fees. Check your latest bill or online account to confirm your contract end date.
Are you also overpaying on broadband?
It's common to overpay on both. Check your broadband deal →