Will Gas And Electric Prices Go Down Uk 2024. From 1 july 2024, the energy price cap for a typical household that uses gas and electricity and pays by direct debit will go down from £1,690 to £1,568 per year. The price cap changes every three months, and is set to fall again from 1 july due to lower wholesale energy prices (what suppliers pay for gas and electricity) in recent.
Uk energy prices will rise by another 1.2% from january, according to the latest ofgem price cap announcement. From 1 april 2024, the price of energy for a typical household that uses gas and electricity and pays by direct debit will go down by £238.