We present Optimised Path Space Regularisation (OPSR), a novel regularisation technique for forward path tracing algorithms. Our regularisation controls the amount of roughness added to materials depending on the type of sampled paths and trades a small error in the estimator for a drastic reduction of variance in difficult paths, including indirectly visible caustics. We formulate the problem as a joint bias‐variance minimisation problem and use differentiable rendering to optimise our model. The learnt parameters generalise to a large variety of scenes irrespective of their geometric complexity. The regularisation added to the underlying light transport algorithm naturally allows us to handle the problem of near‐specular and glossy path chains robustly. Our method consistently improves the convergence of path tracing estimators, including state‐of‐the‐art path guiding techniques where it enables finding otherwise hard‐to‐sample paths and thus, in turn, can significantly speed up the learning of guiding distributions.