Gas Price Prediction 2024 Uk. 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. From january 2024, the price of energy for a typical household using gas and electricity, and paying by direct debit, went up by £94, raising the energy price cap.

Our current prediction is that the price cap will increase for the period between 1st october and 31st december 2024. Ofgem is planning to put its price cap up by £16 between april 2024 and march 2025, meaning the average customer would pay an extra £1.33 a month.