Martin Lewis issues reminder to take energy meter reading
Money Saving Expert founder Martin Lewis has issued a reminder for all energy customers to take and submit a meter reading this week.
Ofgem announced recently is was lowering the energy price cap by more than £1,200 for the average household in England, Wales andThe reduction will come into effect from Saturday , with the price cap dropping from £3,280 per year to £2,074 per year to reflect the recent falls in wholesale energy prices.
The lower cap will replace the Government’s Energy Price Guarantee , which currently limits the typical household energy bill to around £2,500.The level is based on typical use of an average household on their supplier’s standard default tariffMore ➡️ https://t.co/E5rmWzIvCd pic.twitter.com/hrtBuvCzsCIt means the average household will see their annual bill drop by £426, the first time prices have fallen in over 18 months.
IT'S METER READING WEEK! Prices fall an avg 17% across Eng, Scot & Wal this Sat as the price cap drops Pay by direct debit? Submit a reading. With… pic.twitter.com/Nve5MVs5EvIn a post on Twitter, Lewis said:"Pay energy by monthly Direct Debit? IT'S METER READING WEEK! As Energy Price Cap FALLS avg 17% this Sat!
"Unless you've got a working smart meter, as firms estimate your usage and assign it to a set period, submitting a reading reduces the risk of their 'estimating' going against you .
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