By reading the meter on a specific day, says Martin Lewis, you can then go to your energy supplier and explain exactly how much gas and electricity you used before the huge increase took place. effect.
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Martin Lewis revealed the exact date you need to read your energy meter before major bull runs take effect.
Regulator Ofgem has confirmed that they are increasing the price cap by 54% as of April 1 – increased £693 from £1,277 to £1,971.
Prepaid customers will see an even bigger jump, with their price limit increasing by £708, from £1,309 to £2,017.
The energy price limit Set a limit on how much your supplier can charge you for each unit of gas and electricity you use.
But ahead of the upcoming higher prices, Martin advised households to measure the meter by March 31.
This way, you can go to your energy supplier and explain exactly how much energy you used before the price cap increase went into effect.
Talk about him ITV The Martin Lewis Money Show aired live this week, MoneySavingExpert said: “That way you draw a line in the sand telling your energy company, I’m just using this money at a cheaper rate.
“Don’t start charging me more at a higher rate and estimate I’ll use some of that later.”
In a separate video posted to social media this week, Martin also reminds those who are older prepaid meters to check if they can “reserve” power now.
The logic is that if you top up now, but use this energy after the price cap changes, you will be charged your gas and electricity rates at the applicable rate when you top up.
Your rate will not change until the first time you deposit after the price adjustment.
If you have a prepaid smart meter, unfortunately this reserve trick won’t work as these are updated remotely with the new rate on the day of the price change.
MSE contacted 11 of the largest energy suppliers – including British Gas, SSE, E.on and EDF – and only one said the reserve trick would not work.
Scottish Power is the only provider that says the additional amount you will be charged at the new rate will be recovered by adding a small charge to your meter on your next annual statement.
MSE has asked Ofgem if Scottish Power is allowed to do this but has not issued a further update.
Martin has also urged families to check how they can claim a £150 council tax off from April.
Council tax relief will apply to homes in council tax bands A, B, C or D in England and Wales – around 80% of properties – but not to homes living in council tax bands bronze E, F, G and H (or I’m fine, in Wales).
Scottish residents will also get a £150 discount if they are in groups A to D – but they will also be eligible if they are currently on council tax relief.
People living in the UK have been told they will automatically get a discount if they pay their council tax by direct debit.
If you’re not paying by direct debit, you’ll be given instructions by the board on how to apply.
https://www.mirror.co.uk/money/martin-lewis-reveals-exact-date-26428077 Martin Lewis Explains The Day You Need To Measure Your Energy Before A Bullish