Typical energy bill in Great Britain to fall 7% to £1,720 a year from July

Great news for British households—your energy bills are about to drop. Ofgem, the energy regulator, just announced a 7% cut to the price cap, meaning the typical annual dual-fuel bill will fall to £1,720 starting in July. That’s around £129 less per year, thanks to a recent slump in European gas prices.