Energy bill cap to rise by 10% in October

Average annual direct debit dual fuel bill for new typical levels of consumptions, £ cash prices

£4,000

Price cap

above EPG

3,000

£2,500 Energy Price

Guarantee (EPG)

introduced, Oct 2022

2,000

1,000

Default tariff cap

0

2020

2021

2022

2023

2024

£4,000

Price cap above EPG

3,000

£2,500 Energy Price Guarantee*

(EPG) introduced, Oct 2022

2,000

Default tariff cap

1,000

0

2020

2021

2022

2023

2024

Guardian graphic. Source: Ofgem, UK government. Note: *EPG is the government subsidy to cap average bills in response to the energy crisis