The worth cap on family power payments could possibly be reviewed each three months beneath new plans mooted by Ofgem.
The power regulator mentioned that it would insert two new critiques a yr, one in January and one other in July.
It might assist cross on financial savings from a possible fall in gasoline costs to clients extra quickly, Ofgem mentioned, and likewise defend under-pressure power suppliers from being broken by the cap.
"At the moment's proposed change would imply the value cap is extra reflective of present market costs and any worth falls could be delivered extra rapidly to customers," mentioned Ofgem chief govt Jonathan Brearley.
"It might additionally assist power suppliers higher predict how a lot power they should buy for his or her clients, decreasing the danger of additional provider failures, which finally pushes up prices for customers.
"The final yr has proven that we have to make modifications to the value cap in order that suppliers are higher in a position to handle dangers in these unprecedented market situations."
After a session, Ofgem hopes that the modifications may come into pressure from October, which means the primary change beneath the brand new system could be made in January.
The power worth cap - presently at a document £1,971 per yr for the common family - is reviewed each six months and altered in October and April.
Ofgem chief govt Jonathan Brearley has mentioned that proposed modifications to assessment the power worth cap 4 occasions a yr would imply that payments may go up faster, however they may also fall extra quickly.
"Do not forget that the whole value you pay over the yr could be completely the identical, as a result of that displays solely the price of the power that we purchase," Mr Brearley advised Sky Information.
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"Sure, the value would go up extra rapidly as costs go up, however equally importantly as these costs come down, then the value cap comes again down once more.
"I keep in mind again within the 2010s when individuals noticed their costs go up and had been ready and questioning why costs did not come down equally rapidly.
"The advantage of the value cap is that we'll make certain it solely displays prices, and subsequently it solely displays what it's essential to pay on your power."
He added: "With the Russian invasion of Ukraine, we're seeing a sustained enhance, an extra enhance, in gasoline costs. So, the troublesome information I've is that it's possible in October that costs will go up once more."
Ofgem considers a spread of data when deciding the place the value cap ought to be set. The worth that power suppliers pay for the gasoline and electrical energy they purchase is a serious a part of this.
During the last yr gasoline costs have risen so quickly that suppliers had been usually compelled to promote the gasoline for lower than they purchased it for as a result of worth cap.
By altering the value cap extra usually, Ofgem will make it extra reflective of worldwide gasoline costs, taking a number of the strain off suppliers.
The proposed modifications to the cap may also permit suppliers to get better another prices in a greater timescale.
"Our prime precedence is to guard customers by making certain a good and resilient power market that works for everybody," Mr Brearley mentioned.
"Our retail reforms will be sure that customers are paying a good worth for his or her power whereas making certain resilience throughout the sector."