Will Gas And Electric Prices Go Down 2024 In Chennai

Will Gas And Electric Prices Go Down 2024 In Chennai. Ofgem has today confirmed that from 1 october to 31 december 2024, the energy price cap will increase by 10%. There are many facets and influences on energy prices and future market trends.

After a significant increase since 2020, electricity bills are expected to stay fairly flat in 2023 and 2024, with a drop in consumption offsetting a moderate rise in prices, a cnet. Energy prices have dropped since the spring but are set to rise again in october when the new ofgem energy price cap comes into effect.