With the Ofgem changing the level of the price cap every three months, it can be difficult to understand how much you are paying further into the future.
Waiting to hear about the price cap can leave many of you in the dark as to what you could be paying in the future, making it harder to decide whether to fix your prices or stick to a variable tariff.
Predicting the energy price cap
Whilst we are unable to say for certain what the price cap is, there are reputable sources that can give you this information. Take a look at the links below for predictions made by Ofgem and Money Saving Expert.
Another reputable source is Cornwall Insights, however, their explanations may get quite confusing due to the high level nature of their predictions.
Things to remember
Any predictions made regarding what the price cap could be are just educated guesses. Some organisations such as Money Saving Expert like to try and predict what the price cap could look like as far forward as a year, however, the further in the future you get the less likely it is to be accurate.
Each organisation will have their own methods to calculate their predicted price caps which is why there may be some variations in the figures they publish. These price cap amounts can also change depending on any significant changes or developments nationally and globally that could impact the energy markets.
Once the official price cap has been announced by Ofgem for each applicable period, we will issue our new pricing to our customers within a reasonable timeframe of it becoming effective.