The energy price cap will rise again in October according to regulator Ofgem, costing households hundreds if not thousands of pounds over the year. Taking meter readings is more important than ever as it could save you money during the cost of living crisis.
Last time the cap rose in April, money saving experts like Martin Lewis advised people to take a reading before the energy price increase. This is so you can give your provider an accurate number before the cost rises and have accurate fuel bills.
Consumers should follow this same logic and take a reading the day before the price rises to ensure they don’t get caught out. This means checking your meter on September 30 ready for the October 1 energy price cap increase.
