British households are asked to transmit meter readings to their energy supplier before the new Ofgem price cap takes effect on 1 July, in order to prevent vendors from forecasting usage and potentially charging greater fees in the past.<\/p>\n\n\n\n
After Ofgem lowered its price cap in response to falling wholesale prices, the typical household energy bill will fall by \u00a3426 per year beginning in July.<\/p>\n\n\n\n
The regulator announced that the price cap will be reduced from \u00a33,280 to \u00a32,074 effective 1 July, the first time consumers on default tariffs have seen their costs fall since the global gas crisis began more than 18 months ago.<\/p>\n\n\n\n
The Government’s Energy Price Guarantee, which limits annual energy expenses to \u00a32,500, has protected households from the most recent price increase.<\/p>\n\n\n\n
Households should submit metre readings by midnight tomorrow (June 30) to ensure they pay the lower costs as soon as they become effective.<\/p>\n\n\n\n
Accurate readings will prevent the household’s supplier from estimating consumption and perhaps applying the old higher costs to energy consumed after June 30.<\/p>\n\n\n\n
Moreover, those who cannot submit readings ahead of the deadline for whatever reason should do so as close to the deadline as feasible, with a date-stamped photo as verification.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
British households are asked to transmit meter readings to their energy supplier before the new Ofgem price cap takes effect on 1 July, in order to prevent vendors from forecasting … <\/p>\n