Energy bill payers with British Gas, EDF, EOn and Octopus Energy will have saved £360 a year since April with the latest price cap drop taking effect from Monday.

Millions across the country will benefit from the drop in the energy price cap from the start of July, with typical bills for a dual fuel account on direct debit dropping £122 down to £1,568 a year.

This adds to the previous drop in bills in April, when the price cap fell £238 a year, meaning bills have dropped a total of £360 a…