Households with an energy meter have been warned they need to do one thing before the year ends. On Monday, January 1, the Ofgem energy price cap will increase, meaning households face paying higher energy bills.
The regulator’s price cap will rise by 5 per cent - from the current £1,834 for a typical dual fuel household to £1,928. The energy price cap sets a limit on the maximum amount suppliers can charge households in England, Wales and Scotland for each unit of gas and electricity.
The headline price cap figure is an average across households rather than an absolute cap on bills, so those that use more will pay more. READ MORE: DWP benefit changes for 2024 that will affect your wallet Read more money stories from the Manchester Evening News here People who have energy meters are being urged to submit meter readings to their supplier before January 1 to ensure they are not overcharged for the energy they use.
Comparison site Uswitch posted on X, formerly Twitter: "If there’s one last thing you should do before the year ends, it’s submit a meter reading.
Read more on manchestereveningnews.co.uk
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