If you’re waiting for your energy bills to finally fall in 2025, here’s what you need to know—and when it’ll happen.
When Will Energy Prices Change Next?
The next confirmed change to the energy price cap in Great Britain takes effect on 1 October 2025, after being officially announced by Ofgem on 27 July 2025. This marks the start of the October–December 2025 quarter.
What’s the Latest on Energy Price Drops?
- The current price cap for energy (gas and electricity) stands at £1,720 per year, effective from 1 July to 30 September 2025. This reflects a 7% drop from the previous cap of £1,849.
- Forecasts for the new cap starting 1 October 2025 are mixed:
- Cornwall Insight expects a slight further drop to around £1,698 annually.
- Other projections suggest a small increase, with estimates ranging from £1,737 to £1,747.
Summary: Exact Timing & What to Expect
| Key Fact | Details |
|---|---|
| Next Price Cap Change Date | 1 October 2025 |
| Announcement Date | 27 July 2025 |
| Current Cap (Jul–Sep 2025) | £1,720 per year |
| Forecast for Oct–Dec 2025 Quarter | Range: ~£1,698 ↓ to £1,747 ↑ |
Tips on What You Can Do
- Meter Reading Alert: Ensure accurate readings by 6 pm on 30 June 2025 to benefit fully from the July price cut.
- Consider Fixed Tariffs: Suppliers like EDF are offering fixed deals below the cap—for example, £1,549/year, which is much lower than the current cap.
- Stay Informed: Keep an eye on Ofgem’s full announcement on 27 August 2025 and compare tariffs via trusted sites like Uswitch or MoneySavingExpert.
Why This Matters
Even though energy prices have only dropped modestly, knowing the specific dates and current forecasts helps you:
- Plan your household budget more effectively.
- Decide whether to lock in a fixed rate or stay on a variable tariff.
- Avoid costly mistakes like estimated billing or delayed switching.