Compare UK gas and electricity tariffs for Q3 2026 (from 1 July 2026). The Ofgem Energy Price Cap is £1,663/year for a typical dual-fuel household — electricity capped at 26.11p/kWh, gas at 7.33p/kWh. Analysts forecast the Q4 2026 cap (from 1 October) to rise to £1,701–£1,747/year. Current tariff availability, fuel-mix information, fees and transfer timing depend on your contract, quote and supplier confirmation; physical supply normally continues.
Electricity unit rates based on Ofgem TDCV 2,700 kWh/year. Rates vary by region — get a personalised quote for your postcode. Last updated: July 2026.
| Supplier | Tariff | Electricity unit rate | Standing charge | Est. annual (elec) | vs Ofgem cap |
|---|---|---|---|---|---|
| Octopus Energy | Flexible (Tracker) | ~24.50p/kWh | ~61p/day | ~£722 | Variable |
| Octopus Energy | Fixed 12M | ~21.20p/kWh | ~61p/day | ~£762 | −£105/yr vs cap |
| E.ON Next | Next Fixed 12M | ~21.50p/kWh | ~61p/day | ~£773 | −£83/yr vs cap |
| British Gas | Fixed 12M | ~22.00p/kWh | ~61p/day | ~£792 | −£60/yr vs cap |
| OVO Energy | Fixed 12M | ~22.50p/kWh | ~61p/day | ~£809 | −£38/yr vs cap |
| Ofgem Price Cap | Standard Variable | 26.11p/kWh | ~61p/day | £1,663/yr | Benchmark |
| UW fixed option | Current fixed option | Quote required | Check eligible services | Compare current quote | Check current fuel-mix disclosure |
Indicative rates only — Ofgem TDCV 2,700 kWh/yr electricity basis. Fixed Saver service requirements and rates must be checked in the current tariff information and personalised quote; rates vary by region and meter type.
With the Ofgem cap forecast to rise from £1,663 to £1,701–£1,747 in October 2026, compare fixed and variable options using the current quote. A fixed tariff may set rates for its stated term; region, usage, eligibility and service requirements must be checked before applying.
Smart Bill Switch is an independent affiliate partner of Utility Warehouse. We earn a commission if you sign up through our links — this never affects the price you pay or the tariffs available to you.