Household energy bills will fall by 7 per cent from July, Ofgem confirmed today.
The typical bill will drop by £129 to £1,720 per year when the regulator's new price cap - which sets the limit on how much firms can charge customers per unit of energy - comes into force.
This is £660 (28 per cent) lower than at the height of the energy crisis at the start of 2023 when the Government implemented the energy price guarantee.
However, prices remain elevated with the upcoming level £152 (10 per cent) higher than the same period last year.
Ahead of the next rise, the price cap since April is currently set at around £1,849 for a typical household after three consecutive increases in bills.
