Energy bills are rising for millions of homes across the UK – so it’s important to check bills carefully to make sure you’re not overpaying. Here are five things you need to consider
Catch Energy bill It’s never been more important, so we explain five things you need to check to avoid overpaying.
It comes as energy bills will increase for millions of homes from next month.
Management agency Ofgem has confirmed that they are increasing the price cap to £693 from £1,277 to £1,971 from April 1 – a 54% increase and a big impact on household bills.
Prepaid customers will benefit even more, with a £708 increase from £1,309 to £2,017.
The energy price limit sets a limit on how much your supplier can charge for each unit of gas and electricity you use and is currently reviewed twice a year.
How the energy bill crisis affects you
It’s not a cap on your total bill – as the name suggests – so if you use more energy you’ll pay more, or use less and you’ll pay less.
Due to rising costs, we take a look at what you need to check right now on your energy bill.
Are you worried about how you will pay your energy bills? Let us know: email@example.com
Five things to know about your energy bill
Tasema Jackson, energy expert at energyhelpline.comshared the following things to keep in mind when checking your bill.
“Energy bills are never pleasant to deal with, as they are often one of the biggest expenditures for any household in any given month,” she said.
“If you discover an error or are unsure of any of the information on it, talk to your supplier, they will fix any issues immediately, so you don’t have to go out of pocket. in the long term.”
1. How much energy did you use and how much did it expend?
The first thing to check your energy bill, is how much energy you have used. Check how long your energy bill is and how much it will cost you.
This will usually stand out on the letter or email sent from your provider.
If you are a dual fuel customer, it can be split into two numbers, one for gas and one for electricity, but there will be a total on that as well.
Ours Cost of living The team of professionals is here to help YOU get through a very difficult year.
They will bring you the latest money news stories and also provide expert advice.
Whether it’s rising energy bills, weekly shopping costs or rising taxes, our team is there for you.
Every Thursday at 1 p.m. they’ll join a Facebook Live event to answer your questions and offer their advice. Visit facebook.com/dailymirror/live to watch. You can read more about team of experts here.
If you have questions – or want to share your story – please get in touch by sending an email firstname.lastname@example.org.
2. Is your energy usage actual or estimated?
It will appear on your energy bill if the reading you are charged is an estimate or not.
If you provide regular meter readings or have a smart meter, then power usage should be accurate.
But having said this, it doesn’t hurt if you double-check what you used in the last month and see if it’s unusually high or low.
For customers with estimated usage, you should submit actual meter readings to ensure that you are being billed correctly.
3. Do I have credit or debt?
Because you pay the same amount by direct debit all year, you are likely to be credited or owed to your provider.
This is quite normal and only when you are out of your period should you be concerned.
For example, if it’s October and you’re already owed in your account, it means you didn’t pay in full over the summer or you used more energy than expected.
The same principle applies if you come in April and find that you’re on credit with your provider, which means your direct debit is too high and may need to be reduced. .
If you’re in debt, you’re using more energy than you’re supposed to pay, but if you’re in debt, you’re paying for more energy than you actually use.
4. Is my tariff correct?
When you sign up with your energy provider, you’ll be provided with unit rates and standing charges for each type of energy.
If you find that your bill is higher than you expected, you should check to make sure you’re using the correct fee schedule, as mistakes still happen.
But remember, if it’s been more than 12 months since you last switched providers, you’ll likely be at the default rate, which will be higher than any flat rates you’ve applied in the past.
5. When will my transaction end?
If you’re using a fixed-rate deal, you should check to see when your deal ends.
If you choose not to do another deal, you will be moved to a standard variable rate, which is the maximum they are allowed to charge for a non-fixed rate.
This is associated with energy price limit.
This deal has traditionally been the worst offer on the market, but the energy crisis means it’s now often the cheapest you can get as most cheap fixes already. disappear.
https://www.mirror.co.uk/money/energy-expert-explains-five-important-26446495 Energy expert explains five important things to check on your next bill