Will Gas And Electric Prices Go Down 2024 Mumbai. 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 average monthly bill jumped from $61.05 in 2021 to $73.70 in 2022, but is expected to fall to $67.10 in 2023 and $62.55 in 2024 as gas prices decline.
From 1 october to 31 december the price for energy for a typical household who use electricity and gas and pay by direct debit will go up to £1717 per year. This will reduce the energy price cap.