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Energy Prices

Energy prices · Q2 2026

Current UK energy rates — plain and simple

Unit rates and standing charges for every major UK supplier, based on the Ofgem price cap. Updated every quarter. No jargon, no small print.

Q2 2026 Price Cap · Apr–Jun 2026
Electricity unit rate24.67p/kWh
Electricity standing charge57.21p/day
Gas unit rate5.74p/kWh
Gas standing charge29.09p/day
Typical annual bill£1,641/yr

Rates shown are Ofgem's price cap defaults for a typical household (3,100 kWh elec, 12,000 kWh gas). Direct debit, dual fuel.

⚠ Q3 2026 cap forecast ~£1,640 from July
ℹ️

How to read this table: All major suppliers must charge at or below the Ofgem price cap on their standard variable tariff. Most currently charge exactly at the cap. Fixed deals and specialist tariffs (like Octopus Agile) are different — check your supplier's website for those rates. Standing charges vary slightly by region.

Electricity — standard variable tariff rates

Last updated: April 2026
Supplier Unit rate Standing charge vs last quarter Community rating
British Gas
Standard variable
24.67p
per kWh
57.21p
per day
= No change
★★★3.1 (412 reviews)
Octopus Energy
Standard variable
24.67p
per kWh
57.21p
per day
= No change
★★★★★4.7 (891 reviews)
OVO Energy
Standard variable
24.67p
per kWh
57.21p
per day
= No change
★★★★3.8 (334 reviews)
E.ON Next
Standard variable
24.67p
per kWh
57.21p
per day
= No change
★★★★3.6 (278 reviews)
EDF Energy
Standard variable
24.67p
per kWh
57.21p
per day
= No change
★★★3.2 (203 reviews)
SSE (now OVO)
Standard variable
24.67p
per kWh
57.21p
per day
= No change
★★★3.3 (156 reviews)
Utilita
Standard variable
24.67p
per kWh
57.21p
per day
= No change
★★★2.9 (189 reviews)
Shell Energy
Standard variable
24.67p
per kWh
57.21p
per day
= No change
★★★3.0 (97 reviews)
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What the price cap actually is

The cap limits the unit rate and standing charge suppliers can charge on standard variable tariffs. It doesn't cap your total bill — you can still spend more if you use more energy.

📅

When does it change?

Ofgem reviews and sets the cap every quarter — January, April, July, and October. The Q3 2025 cap is confirmed at a higher level, taking effect from 1 July 2025.

💡

Can you beat the cap?

Yes — by switching to a fixed tariff if rates look likely to rise, or a smart tariff like Octopus Agile if you can shift usage to cheap off-peak periods.

Price cap history — electricity unit rates

QuarterElectricity (p/kWh)Gas (p/kWh)Typical annual billChange
Q2 2026 (Apr–Jun)Current 24.67p5.74p£1,641= No change
Q1 2026 (Jan–Mar)24.67p5.74p£1,641▲ +6.4%
Q4 2024 (Oct–Dec)22.36p5.48p£1,473▲ +10%
Q3 2024 (Jul–Sep)22.36p5.48p£1,473= No change
Q2 2024 (Apr–Jun)24.67p6.04p£1,690▼ -12.3%
Q1 2024 (Jan–Mar)29.42p7.42p£1,928▼ -5%
Q4 2023 (Oct–Dec)27.35p6.89p£1,834▼ -7%
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