Energy Prices October 2024. Ofgem have announced that the new price cap will be £1,717 for a typical household¹ from 1 october till 31 december 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.
The average household energy bill is to increase by 10% from october after ofgem said it was increasing its price cap as households approach the winter months. 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.