All eyes are on the energy regulator, Ofgem, as we approach the announcement of the Price Cap for the first quarter of 2026. Leading analysts, including Cornwall Insight, released their final forecast this week, and the outlook is one of “stabilisation.”
The Forecast Experts are predicting that the cap for January will likely remain very close to the current level, potentially falling slightly to around £1,733 or rising marginally depending on final assessments of network costs. This is a far cry from the volatility we saw in previous years, but it confirms that high energy prices are the “new normal.”
Prepare Now for the “Deep Winter” Regardless of a small drop or rise in the unit rate, your actual bills are about to get much higher simply because of the weather. January and February are statistically the coldest months of the year.
- Build a Buffer: If you pay by Direct Debit, ensure your account is in credit now to avoid a shock hike in your monthly payments later.
- Prepayment Meters: Try to top up a little extra each week now while it is milder, so you have a cushion for when the temperature drops below zero.
We will update you with the confirmed numbers as soon as Ofgem makes the official announcement later this week.
