A new online calculator has revealed how much your energy bill will fall this summer as experts hailed the reduction as a 'glimmer of good news' for households.
Ofgem confirmed today that energy bills will drop by 7 per cent from July - impacting the bills of 35million households on a variable rate for their gas and electricity.
The typical bill will drop by £129 to £1,720 per year under the new price cap, which sets the limit on how much firms can charge customers per unit of energy.
The fall is welcome news to struggling families still battling the cost-of-living crisis after a spike in the rate of inflation, which rose to 3.5 per cent last month.
The price cap covering England, Wales and Scotland does not limit total bills because householders still pay for the amount of energy they consume.
