The Default Tariff Cap came into force on 1 January 2019 – a temporary cap on standard variable tariffs and fixed term default tariffs. In August 2022, Ofgem announced the Default Tariff Cap will be updated on a quarterly basis rather than every six months. In accordance with the licence requirements, we will now run an update process four times a year to ensure the Default Tariff Cap reflects changes in the cost of supplying energy more quickly.
On 24 November 2022, we published the cap levels that will come into force for charge restriction period (“cap period”) 9b from 1 January 2023 – 31 March 2023. The updated versions of the underlying models have also been published.
You can view the underlying models that have not been updated in cap period 9b in our previous August 2022 default tariff cap announcement.
You can view all historical information and publications relating to the design of the cap on our policy pages for the default tariff cap.
Guidance for energy customers
If you are an energy customer trying to find out your capped tariff price, please contact your energy supplier. You can find their contact information on an energy bill, or see Who is my energy supplier? You can also find answers to frequently asked questions on our consumer FAQ page.