Last mentioned: Mar 20, 2026
Projected July Increase
The forecast £332 hike is expected to take effect, impacting summer retail spending.
RTS Migration Deadline
Target date for suppliers to transition legacy RTS meter customers to smart infrastructure.
July Cap Forecast
Analysts expected to release first firm predictions for the summer price cap period.
Implementation Date
New price cap officially begins, reducing average annual bills by £200.
Implementation Date
New lower rates take effect for millions of UK households on variable tariffs.
April Price Cap Implementation
New lower price cap takes effect, providing short-term relief to UK households.
Meter Reading Deadline
Final day for consumers to submit readings before the new lower rates take effect.
July Forecast Revision
New data shows a £332 annual jump expected in July, reversing previous gains.
Price Cap Announcement
Ofgem confirms the new price cap levels for the April-June quarter.
Price Cap Announcement
Ofgem confirms the new energy price cap levels for the April-June quarter.
April Forecast Issued
Experts warn of a 'cliff-edge' trap despite a temporary £200 price plunge scheduled for April.
A projected £332 annual increase in household energy bills starting July 2026 is set to squeeze UK discretionary spending. This shift poses a significant challenge for retailers as consumers reallocate budgets toward essential utilities following a brief period of price stability.
Ofgem is set to lower the energy price cap in April 2026, potentially saving millions of households approximately £200 annually as wholesale costs stabilize. However, analysts warn of a 'cliff-edge' for those on fixed-rate deals and ongoing risks related to legacy metering infrastructure.
Ofgem is set to lower the energy price cap by approximately £200 starting in April 2026, providing significant relief to millions of UK households. However, experts warn of a cliff-edge trap as standing charges and the phase-out of legacy meter technologies create new financial risks for consumers.