The Energy Price Guarantee: What you need to know

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Wholesale energy prices are lower than the rates set by the Energy Price Guarantee (EPG). So now households pay the energy unit prices set by Ofgem's energy price cap. The EPG is no longer in effect and is unlikely to come back into force. The information here should be used for reference only.

Energy meter with coins

Energy unit prices are regulated by Ofgem's energy price cap. You can find the capped unit rates in our energy price cap guide

Standing charges

Standing charges will also stay capped at the levels set out by Ofgem. This is a fixed daily amount that covers the cost of supplying your property with energy. You have to pay a standing charge regardless of how much energy you use.

This applies to both fixed and standard variable rate tariffs.

Now, energy unit prices are regulated by Ofgem. But here's how your energy bill could look if the EPG ever returned:

I’m on a standard variable rate tariff - how does the Energy Price Guarantee affect my energy unit rates?

If you’re on a standard variable rate tariff, your average energy unit price will be capped by the price cap. 

I’m on a fixed tariff - how does the Energy Price Guarantee affect my energy unit rates?

Customers on fixed tariffs were not affected by the price cap and subsequently not by the Energy Price Guarantee.

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