LATEST UPDATE – The energy price cap from 1 April 2023 has been cut by £999 to £3,280. Because this is still higher than the Energy Price Guarantee, it doesn’t affect you. You will continue to pay the lower Energy Price Guarantee rates.

  • The energy price cap currently stands at £3,280; more than 3 times higher than energy tariffs were just 2 years ago.
  • The Energy Price Guarantee currently stands at £2,500 but is going up by £500 (+20%) to £3,000 on 1 April 2023.
  • As long as the Energy Price Guarantee (EPG) is below the Energy Price Cap (EPC) you pay the EPG rates. Otherwise you pay the EPC rates. All clear?
  • Campaigners and charities are pushing the chancellor to keep the Energy Price Guarantee fixed at £2,500 until end June 2023. Jeremy Hunt will probably cave in to the charity mob. We’ll post an update here if that happens.

The Energy Price Cap SHOULD already be falling back to the £2,000 level. But it hasn’t. Why? Long story short, for the regulator, your sky-high energy bills are less important than energy supplier profits. Harsh but true..

On a more positive note, wholesale gas and electricity prices have now crashed so much (80% since August 2022) that competitive energy tariffs should be flooding the market right now. That hasn’t happened yet. But it will. Regulation is currently hindering the return of a competitive market. That has to change. Stay tuned for the latest updates.

In the meantime, you can find much more information about the new energy price cap and how it will affect you by reading our Energy Price Cap Guide..


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Guides and Advice

Energy Price Guarantee

What is the energy price guarantee? How does it work? Who will get it and when? How does it affect you? Complete independent guide by energyscanner.com

Which energy suppliers have gone bust?

Want to know which UK energy suppliers have gone bust? Here’s the complete list. Who, when and which energy supplier took over the customer base. Updated regularly.

Which energy company supplies my energy?

Want to find out which energy company supplies your energy? Our handy guide tells you how to find out quickly and easily.

Bulb Energy Review

Bulb Energy review, including supplier description, service rating, fuel mix, tariffs, financials and energy price comparison

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UK Fuel Mix

UK fuel mix disclosure. See what energy sources are used to generate electricity in the UK and what impact this has on carbon emissions and radioactive waste. Information exclusively available on energyscanner.com.

What’s the difference between clean, green and renewable energy?

What’s the difference between clean, green, renewable and alternative energy? Our guide cuts through the hype to offer concise and understandable explanations and examples.

Renewable Energy Fuels and Technologies in the UK

What are the renewable energy fuels and technologies used in the UK? A comprehensive review by renewable energy search site energyscanner.com.

Energy Price Cap Guide

This handy guide tells you everything you ever wanted to know about the Energy Price Cap. What it is? How it works? How it affects you and why you should still consider switching even if you’re covered by it.