Will Energy Prices Rise Or Fall In 2024. Currently, energy prices are controlled by regulator ofgem's price cap. The group, which has been among the most accurate forecasters of british energy prices, is estimating the cap will hit nearly £3,360 a year in october when it is next altered by.

After the latest 10% increase in the energy price cap on 1 october, all analysts are predicting a slight rise in the price cap from january 2025, and a further rise in april. In the oil and gasoline markets, saudi.