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Nottingham Post
Nottingham Post
World
Neil Shaw

Martin Lewis warns anyone who pays bills by direct debit to act before Friday

Martin Lewis Electricity Ofgem

Martin Lewis issued a warning to people who pay their energy bills by direct debit in England, Scotland and Wales. The Money Saving Expert took to Twitter to urge direct debit customers to take a meter reading before midnight on Friday, June 30.

The new Ofgem Price Cap will come into force from midnight on Saturday, July 1, so the price you pay for gas and electricity will be dropping.

Ofgem's new price cap is set at £2,074 for the average annual energy bill, below the current Price Guarantee rate of £2,500. With energy rates set to drop by around 17% on average, you will need to make sure your units are recorded correctly.

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