MoneySavingExpert founder Martin Lewis has issued an important warning to households about a widespread mistake regarding energy meter readings. With the new energy price cap due to take effect soon, many consumers risk being overcharged because they have not submitted their latest meter readings to their suppliers.
Energy bills are calculated based on meter readings, and failing to provide an accurate and timely reading means companies often estimate usage. These estimates can result in higher bills that do not reflect actual energy consumption, leaving customers to pay more than necessary.
Lewis emphasizes the importance of submitting a meter reading ahead of the price cap change to ensure bills are accurate and benefit from the new, potentially lower rates. Households can usually report their readings online, by phone, or via dedicated mobile apps provided by energy companies.
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Taking a few minutes now to provide a meter reading can prevent surprises on upcoming bills and help consumers stay in control of their energy costs as the pricing landscape evolves.