Experts have been calling for householders to read their energy meters. Why? Well, on Friday, April 1, the energy cap rises and, according to some experts, you could risk paying more than you need to for energy already used.
Consumer champion, Martin Lewis is among those urging UK households to take action, and if you haven't done it already, Thursday, March 31 is the last day to get those figures recorded. Ofgem's increase in its price cap will mean that for those on a default tariff who pay by direct debit, the price cap is going up by almost £700. This will be a huge hit on household bills.
Offering the advice on his ITV Martin Lewis Money Show Live series finale earlier this month, the financial guru, said customers should inform their providers so they don't estimate usage dates and start charging on the higher rate for energy used before the rise. The energy price cap for those on default tariffs who pay by direct debit is rising by £693 from £1,277 to £1,971 from April 1. Prepayment customers will see a bigger jump, with their price cap going up by £708, from £1,309 to £2,017.
