Household energy bills will drop by 7% from July, the energy regulator Ofgem announced on Friday. <br /> <br />Ofgem's announcement is the first drop in the energy price cap for more than a year. Energy secretary Miatta Fahnbulleh welcomed the announcement, saying: "Bills going down will be a big relief for families who are under pressure with the cost of living. We have to continue the work of getting bills down for good." <br /> Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn