July 2026 energy price cap is now live: what households should do
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Default tariff unit rates rose about 13% from 1 July. If you are on a standard variable tariff, your bill changes automatically — but fixing, social tariffs and supplier help still matter.
By Money Guide editorial team
Published:
Ofgem's July–September 2026 price cap took effect on 1 July. Households on standard variable tariffs see higher unit rates and standing charges automatically — you do not need to accept a new contract for the rise to apply.
The cap limits what suppliers can charge per unit; it is not a cap on your total bill. Higher usage still means higher costs. Ofgem also updated its typical consumption benchmark from July, so headline 'typical bill' figures in the press may look lower even though unit rates rose.
If you fixed before July, your deal price stays until the term ends — compare the remaining months against current fixes only if exit fees are low. Those on standard tariffs should compare fixing versus riding the cap; wholesale markets and analyst forecasts still point to a possible further rise in October.
Struggling to pay? Contact your supplier early about payment plans, ask about the Priority Services Register, and check Warm Home Discount, Household Support Fund and social tariffs if you are on qualifying benefits.
Our energy price cap guide and cheap energy deals hub explain how the cap works and when switching makes sense.