Martin Lewis's Money Saving Expert team has highlighted a nifty trick to get your energy at a cheaper rate ahead of the price cap rise coming in next month. For those who use prepayment meters, you may be able to top-up now, at the cheaper rate, and then use that energy later.
Your rates shouldn’t change until the first time you top up following a price adjustment, the Mirror reports. If you have a smart prepayment meter, this stockpile trick sadly won’t work as these meters are updated remotely with the new rates on the day of a price change.
Explaining the loophole in the latest MSE newsletter, the team said: “Prepay for your energy? Can you top up NOW to beat April's price hike? Many with older, non-smart meters on price-capped tariffs can legally 'stockpile' gas & electricity credit before prices shoot up. If you can afford to, it could mean big savings.”
