UK households urged to submit meter readings before energy price cuts | energy bills

Millions of households are being urged to submit their meter readings to their energy suppliers this weekend to avoid overpaying when cheaper prices come out on Monday.

Consumer advocate Martin Lewis is among those urging people to get out their phones, pens and notepads to take full advantage of the 12.3% cut in Ofgem's energy price cap, which changes quarterly.

According to comparison and conversion website Uswitch, the difference in weekly energy consumption between April and March is 4.65 for the average household.

The UK's energy price cap will be lowered from 238 won to 1,690 won for the period from April 1 to June 30, easing some of the pressure on household finances thanks to a mild winter and low gas prices. These figures are for a typical household that uses electricity and gas and pays by direct debit.

The average household on a standard variable tariff is expected to consume 127% of energy in April compared to 205 in March due to cheaper rates and lower usage as the weather warms, Uswitch said.

If a consumer does not submit meter readings, the supplier must calculate charges based on estimated usage. This means that some people may pay too much and others may not pay enough.

People on standard tariffs who do not have a working smart meter and do not submit current meter readings risk having some of their usage billed at the old, higher rate after April 1.

The number of households affected is estimated at 9.6 million.

Lewis, founder of the site MoneySavingExpert, said this was meter reading week. He urged those affected to provide up-to-date meter readings within a few days of the April 1 rate change to reduce the risk of their suppliers assuming they used more energy at higher rates than they currently do. It actually exists.

For added peace of mind, he advised emailing yourself a time-stamped photo of the meter.

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Uswitch said 9.6 million affected households were at risk of overpaying a total of $44.6 million if they neglected to read their meters by April 1 and were incorrectly billed for just one week's worth of energy.

The survey found that almost a fifth (18%) of households without a smart meter had not submitted meter readings in the past three months, and 4% had not submitted them in a year. Our advice is to submit your meter readings monthly.

Sources 1/ https://Google.com/ 2/ https://www.theguardian.com/money/2024/mar/28/uk-households-urged-to-submit-meter-readings-ahead-of-energy-price-cut The mention sources can contact us to remove/changing this article

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