Will Gas Prices Go Down In 2024 Uk. If this review finds that allowances excessively benefited suppliers as prices fell in 2023, the money will be delivered back to consumers via adjustments to the january 2024 price cap. From 1 april to 30 june 2024 the price for energy a typical household who use electricity and gas and pay by direct debit will go down to £1,690 per year.

Currently, energy prices are controlled by regulator ofgem’s price cap. Industry regulator ofgem has announced the energy price cap will rise from £1,834 to £1,928 a year, pushing average household bills up by 5 per.