British households are being urged to take immediate action this weekend to avoid being overcharged on their energy bills as prices are set to fall.
With the Ofgem energy price cap dropping by 12.3% from April 1st, millions could inadvertently pay more if they don't submit accurate meter readings before Monday's deadline.
Why This Weekend Is Critical
Energy experts are warning that households who fail to provide up-to-date meter readings risk being charged at the higher current rates for energy they consume after prices fall. Suppliers typically estimate usage, which could mean customers pay the old, more expensive rates for energy they've used under the new, cheaper prices.
"This is one of the most important meter reading weekends we've seen in years," said an energy industry insider. "With such a significant price drop, the financial impact of not submitting readings could be substantial for many families."
How Much Could You Save?
The average household paying by direct debit will see their annual bill fall from £1,928 to £1,690 - a saving of £238. However, without accurate meter readings, these savings might not materialise as expected.
Major suppliers including British Gas, EDF, Octopus Energy and OVO Energy are all encouraging customers to submit readings through their apps, websites or by phone.
Simple Steps to Protect Your Wallet
- Take meter readings before midnight on March 31st
- Submit readings through your supplier's app, website or phone service
- Keep a dated photo of your meter as proof
- Smart meter users should ensure their device is functioning correctly
While the price drop offers welcome relief, campaigners note that bills remain significantly higher than pre-energy crisis levels, with many households still struggling with energy costs.
