Martin Lewis has shared the date you should take your electric meter reading.
Speaking on Good Morning Britain, the MoneySavingExpert founder issued a warning to people ahead of the October 1 price rise. Contrary to popular belief, Martin revealed that you don't actually have to do your meter reading on the day.
He said: "Meter reading day's coming - don't panic, not everyone must do it, and it needn't be on the day.
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"With prices rising for most on October 1, unless you've a working smart or prepayment meter, it's useful to feed in an updated meter reading around that date to avoid discrepancies over what you used before or after prices rose."
In his weekly newsletter, the finance expert also issued some important advice. He said: "Some ask: 'Can I inflate my meter reading now, so I'm charged future use at today's rate?' That'd be fraud. We get asked this one a lot – can you submit an inflated meter reading ahead of a price increase, so more of your usage is charged at the lower rate?
"The short answer is no, you shouldn't do this – it's fraud."
Martin has also began hosting money-dedicated episodes on Good Morning Britain episodes, alongside fellow presenter Susanna Reid. He will bring back his ITV show, The Martin Lewis Money Show, resuming next Thursday, September 29.
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