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Energy price cap in Great Britain to rise by 13% from July
Ofgem said the higher cap reflects volatile gas markets, with a typical household set to pay about £18 more a month.
- On Wednesday, May 27, 2026, energy regulator Ofgem announced a 13% rise to the energy price cap effective July 1, 2026 for typical households in England, Scotland and Wales, lifting annual bills to about £1,862.
- Since the Iran war began earlier this year, European energy markets have surged, with month-ahead gas futures in Britain up more than 40% as the Middle East conflict threatens shipments through the Strait of Hormuz from the Persian Gulf.
- Breaking down the increase, typical households will pay an extra £18 monthly, as Ofgem says gas and electricity bills will rise unevenly, with gas up 24% versus around 5% for electricity from the current £1,641 cap.
- Simon Francis, End Fuel Poverty Coalition coordinator, warned households face rising direct debits and harder-to-clear energy debts, saying "We are also worried that energy firms will now factor higher costs into direct debit calculations."
- Industry body Energy UK estimates household energy debt could reach £7 billion by the end of 2026 if prices stay high, while The Government plans targeted support and Chancellor said it will act "if market conditions worsen significantly".
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