Money-saving guru Martin Lewis has issued an urgent warning to UK households ahead of the energy price cap change on Monday. The financial expert cautions that failing to submit meter readings this weekend could cost families hundreds of pounds.
Why This Weekend Matters
From 1st July, the Ofgem energy price cap will fall by 7%, meaning the average household paying by direct debit will see their annual bill drop from £1,690 to £1,568. However, Martin Lewis stresses that consumers must take action to benefit fully from this reduction.
The Meter Reading Deadline
"Do it this weekend!" urges Lewis. Submitting accurate meter readings between 28th-30th June ensures your supplier knows exactly how much energy you've used before the new rates take effect. Without this, providers will estimate usage - potentially charging you higher rates for energy consumed after the price drop.
Who Needs to Act?
The warning applies particularly to:
- Households without smart meters
- Customers who don't have fixed-rate tariffs
- Anyone who hasn't submitted a recent meter reading
Potential Savings
Martin Lewis estimates that failing to submit readings could see some households overpaying by £100 or more. The exact amount depends on your energy usage and how long it's been since your last meter reading was submitted.
How to Submit Your Reading
Most suppliers allow meter readings to be submitted:
- Online through your energy account
- Via supplier apps
- By phone (check your provider's contact details)
Lewis concludes: "This simple five-minute task could save you significant money. Don't leave it until Monday when it will be too late to backdate your reading."
