The energy price cap is finally going to rise tomorrow on Saturday, October 1 and households are being urged to submit meter readings today, Friday September 30.
Earlier this year, Ofgem announced the energy price cap will increase from £2,500 to £3,549 for six months, with this figure predicted to rise further as the energy regulator will now review its price cap four times a year, instead of twice a year. It will now examine this January, April, July and October.
Households should submit their meter readings, for both gas and electricity, before the cap is changed to avoid being unnecessarily overcharged. This is to ensure Brits are accurately charged for energy before the cap figure jumps.
