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. …