Guide · switching

Switching energy suppliers since 2022

The typical dual-fuel cap has fallen £2,417 from its January – March 2023 peak (£4,279) to £1,862 today, switching math is back, but only if you compare fixed deals against the live SVT ceiling in your region.

£1,862
Cap now
July – September 2026
£4,279
Peak
January – March 2023
£2,417
Drop from peak
Typical dual-fuel

According to the Office of Gas and Electricity Markets default tariff cap history, the typical dual-fuel direct-debit ceiling peaked at 4,279 pounds a year in the crisis period, and the July 2026 schedule still prices medium TDCV usage in four-figure pounds, see our methodology.

The verdict

Post-crisis switching is useful again: the SVT ceiling sits £2,417 below the series peak, so a fixed deal only wins if it beats £1,862 in your region after exit fees.

£1,862
SVT ceiling now
£4,279
Series peak
£2,417
Drop from peak
8
Licensed suppliers shown

Last updated: · PlainEnergyBills

1. British Gas7.5m2. Octopus Energy7m3. E.ON Next5.5m4. EDF4m5. OVO Energy4m6. ScottishPower3m7. Shell Energy Retail (now …1.4m8. Utility Warehouse0.9m
Largest licensed suppliers by published customer base (millions)

Customer-base figures are the supplier directory's published counts, not a ranking of tariff price or service quality.

Source: PlainEnergyBills supplier directory

What changed after 2022

During the wholesale spike, fixed deals were scarce and often above the cap. As the SVT ceiling eased from its peak, fixed deals returned, but only a deal that undercuts the live regional SVT ceiling after exit fees is worth the lock-in.

How to evaluate a switch

Compare (1) your region's SVT ceiling, (2) the fixed unit rate and standing charge, (3) exit fees, and (4) payment method. Ignore national "average saving" headlines that omit region and standing charge.

What we do not do

PlainEnergyBills is not a comparison site and does not take supplier commissions. Use a CMA-accredited comparison service to execute a switch; use this site to understand the regulated ceiling you are shopping against.

What to do with this

A switch only earns its keep if the fixed deal beats £1,862 in your region after fees.

We explain the regulated market; we do not broker switches or rank suppliers by price.

Related guides

Every figure on PlainEnergyBills is rendered directly from Ofgem source data, no number is typed in by an editor. Peak-to-current drop and supplier bars are live from cap_period + supplier tables. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.