Minister: Energy price fall is 'really welcome news'
In the last few minutes, we learned from Ofgem that average annual energy bill will be £506 cheaper than a year ago from July.
Reacting to this on Sky News, Energy Secretary Claire Coutinho said it is "welcome news".
She added: "The thing people have struggled with the most, I would say, over the last year has been energy bills.
"So, this is the second biggest big cut that we've seen this year. In April, prices came down almost £250 off the average household bill. And today we're seeing another £122 come of people's bills.
"This is really welcome news."
The minister is asked to compare the price cap to other European nations, and insisted our gas prices are "now lower on average than other European countries".
She said: "If you look at households in this country, 75% of households heating is gas. And actually that's now significantly lower than the European average.
"And when it comes to people's electricity bills, I'm setting out plans today because I want to see them continue to be lower for people.
"So whether it's standing charges, which we want to be fairer or more competition and comparison in the market or better regulation of energy brokers with businesses, today we're setting out further steps to make sure that people can keep their energy bills low."