Ofgem's July price was introduced on Saturday, so how will this change affect your energy bills?
The new price cap sits at £2,074 - this means the average annual bill for the typical household will drop by around £426 from the previous rate of £2,500.
Although, it's always important to note that the price cap is not actually a "cap" - it's a cap on the amount energy providers can charge per kilowatt of energy.
