Energy prices are to drop from this weekend and you will need to take a meter reading beforehand it comes in.
From Saturday, July 1, Ofgem's price cap will be reintroduced, meaning annual energy costs will be set at £2,074 a year for the average household.
This is down from the current level of £2,500 which was introduced in October last year as part of the Government's Price Guarantee.
The Government's price guarantee was brought in because annual energy bills - which were set by Ofgem's price cap - were set to exceed £3,000.
The change in pricing will come in at midnight on Friday night so it is important you take a meter reading before then.
Energy providers will make the adjustments automatically however taking a meter reading can help stop your supplier from determining a bill that isn't actually accurate to your usage.
It also will help if you have to dispute a bill going forward.
For example, if your meter reading is lower than your estimate from your supplier, you can ask your provider to lower your monthly direct debit to a more suitable amount.
From July, the unit rate for electricity will fall from an equivalent of 50p per kilowatt hour (kWh) to 30p for electricity, and from 13p to 8p for gas - but the standing charge will stay at 53p and 29p.
From July, when the Ofgem price cap is reintroduced, the typical energy bill for those paying direct debit will drop by £426 - however, this is dependent on your usage.
If you use more energy, then your bills will be higher and if you use less then they will be lower.
This is the first time energy bills have dropped in two years, after a reduction in the price of wholesale gas.
However, wholesale prices are still a concern even as the market stabilises.
Despite energy bills looking set to fall, what we pay for gas and electricity is still hideously high compared with 18 months ago.
