The price cap is set to rise to £3,549 on October 1
The price cap figure of £3,549 applies to homes on default tariffs paying by direct debit and based on typical use.
and energy experts from GoCompare offered their tips on how to limit the impact of the rise last time the price cap increased in April.on the final day before the rise, so with the increase coming into effect on October 1, you should take a reading on Friday, September 30.Gareth Kloet, energy spokesperson at GoCompare, said: “The cost-of-living crisis is hitting everyone.
“So if there’s a way to shave money off your bills this April, we would urge all bill payers to take both gas and electricity meter readings on March 31 and make sure you submit these to your supplier.” He added: “It’s absolutely worth taking a meter reading before these increases come into effect. By doing this, it simply means your energy company cannot charge you at the higher rate for any units that have been used prior to April 1.”Money Saving Expert founder and cash-saving guru Martin Lewis echoed Gareth's sentiments when the price cap rose in April.
Taking to twitter he said: “Do you pay energy by monthly Direct Debit? 3 Urgent must-knows before 1 April…"Why switching from DD costs more
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