Currently, there are a range of fixed deals currently available that are around £215 cheaper than the October price cap for the average household. “If you can switch to a deal cheaper than the October price cap, now is a good time to make the change. The Price Cap is a pants cap. Ofgem changes the price cap for households every three months, largely based on the cost of energy on wholesale markets. The energy price cap was introduced by the government in January 2019 and sets a maximum price that energy suppliers can charge consumers in England, Scotland and Wales for each kilowatt hour (kWh) of energy they use.