Aug 28, 2026 · 29 min · 12 segments
00:00:00 What the Ofgem price cap rise means for you 00:01:05 Why is the Ofgem price cap rising 4%? 00:08:18 Is Fuse Energy cheaper than the price cap? 00:18:18 Your energy and EV charging…
That's from the 1st of October.
Gas is driving nearly all of it and electricity stays close to flat.
So let's actually break that down because the headline number on its own tells you almost nothing useful.
The Ofgem price cap October, 2026 covers the quarter from the 1st of October through to the 31st of December.
4% sounds modest, In cash terms, it's an extra £60 a year or about £5 per month for a typical household paying by direct debit.
That takes the typical bill from £1,663 to £1,723.
But almost none of it is coming from electricity.
It's coming from gas.
Gas bills alone are going up 8% this quarter.
And that's been driven by the wholesale gas prices, which have climbed roughly 11% in just the last three months.
Ofgem's own explanation points squarely at the ongoing conflict in the Middle East, which keeps pushing international gas prices up whenever it flares.
If you don't use gas, all electric, heat pump, no boiler, your bill goes up by less than 1% this quarter.
That's the split worth remembering.
Gas households feel this.
All electric households barely do.
Electricity is actually the interesting story here, because on paper, it should have gone up too.
And it hasn't, not by much.
From the same date, the 1st of October, the government is removing VAT from domestic electricity.
So there are two policy decisions landing on the same day.
A price cap going up and a tax coming off.
And they're mostly cancelling each other out on the electricity side.
Nobody's really talking about that trade, but it's the reason electricity isn't the story this quarter.
Gases.
That's from the 1st of October.
Gas is driving nearly all of it and electricity stays close to flat.
So let's actually break that down because the headline number on its own tells you almost nothing useful.
The Ofgem price cap October, 2026 covers the quarter from the 1st of October through to the 31st of December.
4% sounds modest, In cash terms, it's an extra £60 a year or about £5 per month for a typical household paying by direct debit.
That takes the typical bill from £1,663 to £1,723.
But almost none of it is coming from electricity.
It's coming from gas.
Gas bills alone are going up 8% this quarter.
And that's been driven by the wholesale gas prices, which have climbed roughly 11% in just the last three months.
Ofgem's own explanation points squarely at the ongoing conflict in the Middle East, which keeps pushing international gas prices up whenever it flares.
If you don't use gas, all electric, heat pump, no boiler, your bill goes up by less than 1% this quarter.
That's the split worth remembering.
Gas households feel this.
All electric households barely do.
Electricity is actually the interesting story here, because on paper, it should have gone up too.
And it hasn't, not by much.
From the same date, the 1st of October, the government is removing VAT from domestic electricity.
So there are two policy decisions landing on the same day.
A price cap going up and a tax coming off.
And they're mostly cancelling each other out on the electricity side.
Nobody's really talking about that trade, but it's the reason electricity isn't the story this quarter.
Gases.
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