Energy price cap (default tariff) levels

Guidance for the energy sector about the maximum price they can charge people on standard variable energy tariff (default tariffs) by region and payment method.

If you pay the energy bills in your household

We review and update the energy price cap level every 3 months. Read about who the price cap protects and how the energy price cap is calculated in energy price cap and standing charges explained.

The actual rates you are charged will depend on where you live, how you pay your bill and the type of meter you have. Get and compare by area energy price cap unit rates and standing charges.

Please note that the Excel (XLSX) documents attached below are not fully accessible. If you require an alternative format, please contact retailpriceregulation@ofgem.gov.uk.

1 April to 30 June 2026

Summary of changes to energy price cap 1 April to 30 June 2026 [PDF, 204.78KB]
Final levelised cap rates model (Annex 9): 1 April to 30 June 2026 [XLSX, 1.28MB]
Energy price cap levels: 1 April to 30 June 2026 [PDF, 137.77KB]
Energy price cap levels: Pre-levelised rates model [XLSX, 4.95MB]
Wholesale cost allowance methodology (Annex 2) [XLSX, 9.70MB]
Network cost allowance methodology electricity (Annex 3) [XLSX, 15.25MB]
Network cost allowance methodology gas (Annex 3) [XLSX, 1.52MB]
Policy cost allowance methodology (Annex 4) [XLSX, 518.25KB]
Smart metering net cost change and industry charge methodology [XLSX, 300.37KB]
Supplementary workbook to Annex 2, 3 and 4 – demand and losses [XLSX, 49.89MB]
Monthly adjusted reconciliation rates: April 2026 [XLSX, 51.15KB]

1 January to 31 March 2026

Summary of changes to energy price cap 1 January to 31 March 2026 [PDF, 315.13KB]
Final levelised cap rates model (Annex 9): 1 January to 31 March 2026 [XLSX, 1.25MB]
Energy price cap levels: 1 January to 31 March 2026 [PDF, 174.04KB]
Energy price cap levels: pre-levelised rates model [XLSX, 4.90MB]
Wholesale cost allowance methodology (Annex 2) [XLSX, 9.70MB]
Network cost allowance methodology electricity (Annex 3) [XLSX, 15.26MB]
Network cost allowance methodology gas (Annex 3) [XLSX, 1.51MB]
Policy cost allowance methodology (Annex 4) [XLSX, 498.68KB]
Supplementary workbook to Annex 2, 3 and 4: demand and losses [XLSX, 49.20MB]
January Monthly Adjusted Reconciliation Rates [XLSX, 51.21KB]
February Monthly Adjusted Reconciliation Rates [XLSX, 52.15KB]
March Monthly Adjusted Reconciliation Rates [XLSX, 52.24KB]
Levelisation Rates by payment type, fuel type and region - February 2026 [XLSX, 48.06KB]

1 October to 31 December 2025

Summary of changes to energy price cap 1 October to 31 December 2025 [PDF, 197.47KB]
Final levelised cap rates model (Annex 9): 1 October to 31 December 2025 [XLSX, 1.20MB]
Energy price cap levels: 1 October to 31 December 2025 [PDF, 305.19KB]
Energy price cap levels: pre-levelised rates model [XLSX, 4.81MB]
Wholesale cost allowance methodology (Annex 2) [XLSX, 9.64MB]
Network cost allowance methodology electricity (Annex 3) [XLSX, 15.18MB]
Network cost allowance methodology gas (Annex 3) [XLSX, 1.49MB]
Policy cost allowance methodology (Annex 4) [XLSX, 446.84KB]
Smart metering net cost change and industry charge methodology (Annex 5) [XLSX, 297.22KB]
Supplementary workbook to annex 2, 3 and 4: demand and losses [XLSX, 49.80MB]
Annual update of non-pass through smart meter net cost change (SMNCC) allowances [PDF, 121.29KB]
Monthly adjusted reconciliation rates October 2025 [XLSX, 50.86KB]
Monthly adjusted reconciliation rates November 2025 [XLSX, 50.88KB]
Monthly adjusted reconciliation rates December 2025 [XLSX, 51.09KB]
Levelisation Rates by payment type, fuel type and region - November 2025 [XLSX, 47.26KB]

1 April to 30 June 2025

Summary of changes to energy price cap 1 April to 30 June 2025 [PDF, 364.86KB]
Final levelised cap rates model (Annex 9): 1 April to 30 June 2025 [XLSX, 1.10MB]
Energy price cap levels: 1 April to 30 June 2025 [PDF, 272.40KB]
Energy price cap levels: Pre-levelised rates model [XLSX, 4.12MB]
Wholesale cost allowance methodology (Annex 2) [XLSX, 9.62MB]
Network cost allowance methodology electricity (Annex 3) [XLSX, 15.18MB]
Network cost allowance methodology gas (Annex 3) [XLSX, 1.49MB]
Policy cost allowance methodology (Annex 4) [XLSX, 448.63KB]
Smart metering net cost change methodology (Annex 5) [XLSX, 242.65KB]
Adjustment allowance methodology (Annex 8) [XLSX, 0.98MB]
Supplementary workbook to Annex 2, 3 and 4 – demand and losses [XLSX, 50.13MB]
Levelisation rates by payment type, fuel type and region [XLSX, 40.82KB]
April 2025 monthly adjusted reconciliation rates [XLSX, 51.43KB]
May 2025 monthly adjusted reconciliation rates [XLSX, 51.58KB]
June monthly adjusted reconciliation rates [XLSX, 51.52KB]

1 October to 31 December 2024

Summary of changes to energy price cap 1 October to 31 December 2024 [PDF, 409.27KB]
Final levelised cap rates model (Annex 9): 1 October to 31 December 2024 [XLSX, 1.05MB]
Energy price cap levels: 1 October to 31 December 2024 [PDF, 311.05KB]
Energy price cap levels: Pre-levelised rates model [XLSX, 4.04MB]
Wholesale cost allowance methodology (Annex 2) [XLSX, 9.60MB]
Network cost allowance methodology electricity (Annex 3) [XLSX, 15.18MB]
Network cost allowance methodology gas (Annex 3) [XLSX, 1.48MB]
Policy cost allowance methodology (Annex 4) [XLSX, 404.01KB]
Smart metering net cost change methodology (Annex 5) [XLSX, 240.23KB]
Adjustment allowance methodology (Annex 8) [XLSX, 0.98MB]
Supplementary workbook to Annex 2, 3 and 4 – demand and losses [XLSX, 49.86MB]
Annual update of non-pass through Smart Meter Net Cost Change Allowances [PDF, 111.29KB]
Levelisation rates by payment type, fuel type and region [XLSX, 54.50KB]
October Monthly Adjusted Reconciliation Rates [XLSX, 38.28KB]
November Monthly Adjusted Reconciliation Rates [XLSX, 37.64KB]
December Monthly Adjusted Reconciliation Rates [XLSX, 38.93KB]

1 April to 30 June 2024

Summary of changes to energy price cap 1 April to 30 June 2024 [PDF, 367.76KB]
Final levelised cap rates model (Annex 9): 1 April to 30 June 2024 [XLSX, 747.16KB]
Energy price cap levels: 1 April to 30 June 2024 [PDF, 150.13KB]
Energy price cap levels: Pre-levelised rates model [XLSX, 3.94MB]
Wholesale cost allowance methodology (Annex 2) [XLSX, 9.45MB]
Network cost allowance methodology electricity (Annex 3) [XLSX, 15.17MB]
Network cost allowance methodology gas (Annex 3) [XLSX, 1.48MB]
Policy cost allowance methodology (Annex 4) [XLSX, 402.34KB]
Smart metering net cost change methodology (Annex 5) [XLSX, 239.55KB]
Adjustment allowance methodology (Annex 8) [XLSX, 0.98MB]
Supplementary workbook to Annex 2, 3 and 4 – demand and losses [XLSX, 49.56MB]
Levelisation rates by payment type, fuel type and region [XLSX, 41.33KB]
April monthly adjusted reconciliation rates [XLSX, 24.09KB]
May monthly adjusted reconciliation rates [XLSX, 30.73KB]
June monthly adjusted reconciliation rates [XLSX, 35.32KB]

1 October to 31 December 2023

Energy Price cap - Letter (under 2023 TDCV) [PDF, 250.46KB]
Energy price cap - Letter [PDF, 249.10KB]
Energy price cap level: 1 October 2023 to 31 December 2023 [PDF, 167.38KB]
Model – Default tariff cap level v1.19 [XLSX, 3.85MB]
Annex 2 – Wholesale cost allowance methodology v1.18 [XLSX, 8.87MB]
Annex 3 – Network cost allowance methodology elec v1.16 [XLSX, 15.16MB]
Annex 3 - Network cost allowance methodology gas v1.13 [XLSX, 1.47MB]
Annex 4 – Policy cost allowance methodology v1.17 [XLSX, 395.75KB]
Annex 5 – Smart metering net cost change methodology v1.15 [XLSX, 234.69KB]
Annex 8 – Adjustment allowance methodology v1.10 [XLSX, 0.96MB]
Supplementary workbook to Annex 2,3 and 4 – demand and losses v1.12 [XLSX, 49.81MB]
Annual update - Non pass-through SMNCC [PDF, 118.24KB]