All posts tagged: meters

Millions urged to read energy meters this weekend to avoid overpaying as price cap falls again | UK News

Millions urged to read energy meters this weekend to avoid overpaying as price cap falls again | UK News

Millions of people are being urged to send meter readings to their energy supplier this weekend to ensure they don’t overpay. The regulator’s price cap drops 12.3% on Monday 1 April, from a typical £1,928 per year for a dual-fuel household to £1,690 – an average saving of about £20 per month. Money blog – latest updates People without a smart meter who are on a standard variable tariff (SVT) should send readings so their company has an up-to-date record when the prices change. “If you delay submitting your readings, some of your energy usage could end up being charged under the higher rates we’re currently facing,” said Ben Gallizzi, energy spokesman for comparison site Uswitch. This could happen as firms will estimate usage if they don’t have recent readings. However, if you have a smart meter you shouldn’t have to worry as it’s set up to automatically ensure you are billed correctly. Uswitch says a week of energy at the current rates is £4.65 more expensive for the average household than the incoming rates. …

Energy suppliers allowed to resume forced installation of prepayment meters | Business News

Energy suppliers allowed to resume forced installation of prepayment meters | Business News

The energy regulator has warned suppliers over their conduct as a temporary ban on the forced installation of prepayment meters ends. Ofgem said on Monday that it was allowing EDF, Octopus and Scottish Power to resume “involuntary” ‘Pay as you Go’ meter installations. That was because the three firms had met conditions to restart the controversial practice. It was outlawed by the watchdog industry-wide in February last year following an investigation that revealed how debt collectors had forced their way into the homes of vulnerable customers to install prepayment meters. They can be fitted when a household is in debt and mean that energy is cut off if no up-front payments are made. Charges for gas and electricity are typically higher for these customers than those who pay by direct debit. Last year, Ofgem increased the requirements that suppliers must meet to help prevent more direct debit customers from being forcibly moved to pay-as-you-go. These demand greater communication with struggling households. Prepayment meters cannot be fitted in the homes of people aged over 75 with …