Tue, 19 May 2026
Hunch
Market28 Aug 2026

Is Ofgem's January cap for a typical dual-fuel direct debit home above £1,723 a year?

BinaryResolves 27 Nov 2026
History86%
Hunch72%
Your forecast
  • Yes
  • No
Resolves 27 Nov 2026
How this resolves

The market resolves on the headline figure Ofgem publishes for a typical dual-fuel household paying by direct debit for the cap period 1 January to 31 March 2027, on the press release and cap-level pages at ofgem.gov.uk, expected in the fourth week of November. YES if that figure is above £1,723; NO if £1,723 or below. If Ofgem has not published the January level by 23:59 GMT on 27 November 2026 the market is void. Supplier estimates, consultancy projections and prepayment or standard credit figures do not count. If that source has not published in time, BBC News and The Guardian reports of the announcement settle it.

The pattern behind it

6 of 7
Six of the seven caps announced after an October cap came in higher: into April 2021, April 2022, January 2023, January 2024, January 2025 and January 2026. The one fall was April 2020, down £17 on the October 2019 level. Seven cases is the full record, since Ofgem first set an October cap in 2019. The mechanism is seasonal: wholesale gas for the first quarter is bought into winter demand, and Ofgem's observation window for the January cap sits in the autumn.

We found seven October caps, from 2019 to 2025. For each one we looked at the next cap Ofgem set after it. Until 2021 the cap lasted six months, so the next one was April's. Since 2022 it changes every three months, so the next one is January's. We checked whether the next cap for a typical household paying by direct debit was higher than October's, using Ofgem's own figures and its comparable figures when it changed how it measures a typical home. Newest first.