We recommend that customers fix their energy prices until 2023 to avoid unexpected price rises but the price cap does not affect fixed price deals. Many energy suppliers are providing fixed price deals that are more expensive than the current price cap to minimise the shortfall from variable tariffs.
The floor unit prices vary by region and payment type but for electricity average at 34p/ kWh and for gas average at 10.3p/ kWh for direct debit customers in Great Britain with typical energy consumption. These floor prices remain unchanged from 1 October 2022 through to 31 March 2023.