The UK independent energy regulator Ofgem will increase the energy price cap for a dual fuel bill over the 2021-2022 winter period (October 2021-March 2022) due to surging global fossil fuel prices (+50% over the last 6 months with gas prices hitting record highs). Those on default tariffs paying by direct debit will see an increase of £139 (€164) from £1,138 (€1,343) to £1,277 (€1,507, +12%). Prepayment customers will see an increase of £153 (€181) from £1,156 (€1,364) to £1,309 (€1,544, +13%).
Around 15m customers are protected by the energy price cap and save an estimated £75-£100/year (€88-€118/year) or £1bn/year (€1.2bn/year) in total as a result. Price protection on poor value default tariffs came into force in 2019. The tariff cap came into force with the Domestic Gas and Electricity Act in 2018.