Will Gas Prices Go Down In 2024 Uk. On 23 august 2024, ofgem announced that the energy price cap, for a typical household who use electricity and gas and pay by direct debit, would be £1,717 from 1. The price households pay for gas and electricity will fall by 7% on average from 1 july as energy regulator ofgem has announced the latest energy price cap rates.
Between 1 october and 31 december, gas prices will be capped at 6.24p per kilowatt hour (kwh), and electricity at 24.50p per kwh. The price households pay for gas and electricity will fall by 12% on average from 1 april as energy regulator ofgem has announced the latest energy price cap rates.