Ofgem energy price cap falls by 7% – here’s how much your bills will now be

Energy prices will fall in July, Ofgem has announced (Picture: Justin Tallis)

Energy bills will drop by around 7% in July, energy regulator Ofgem has announced.

A household using a typical amount of gas and electricity should see their bills fall by £129 a year.

It comes as government regulator Ofgem reduce their price cap – the amount a supplier can charge for each unit of energy – for the first time in a year.

The typical amount someone will pay per year is £660 (28%)...