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flag UK energy bills to drop 7%, lowering annual costs to £1,720 starting July, due to falling gas, oil prices.

flag UK energy regulator Ofgem is set to announce a 7% drop in household energy bills from July, reducing the typical annual bill to £1,720 from the current £1,849. flag This decrease is due to a drop in gas and oil prices following US President Donald Trump's tariff plans, though it's slightly less than the previously forecasted 9% drop due to easing trade tensions. flag This price cap update is part of Ofgem's quarterly adjustments based on wholesale energy costs.

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