Will Gas And Electric Prices Go Down Uk 2024. 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 october. This will reduce the energy price cap.
Gas and electricity prices will rise by 10% in england, scotland and wales from october. In early 2023, the energy sector was still dealing with the aftermath of high wholesale energy prices from the end of 2021, influenced by factors.
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