Energy bill price cap drop: When to switch tariffs and submit meter readings

ITV News Consumer Editor Chris Choi explains why bills are likely to go back up in October, and what can be done to prepare for it

With the price at a low, price comparison sites are advising people to look into fixed deals to beat the predicted October price hikes. ITV News Consumer Editor Chris Choi says there are two basic principles if you're thinking about choosing a fixed contract. This means there's less chance of any dispute with energy suppliers about how many units were used before or after the cap change.

Suppliers who have not received meter readings base their bills on estimated usage, meaning households could be overpaying, while others may not be paying enough.This price cap doesn’t really cap the total of your individual bill, that will depend on how many units of energy you use. Whether you owe money or not - that problem adds £28 a year to your bill because officials are allowing energy firms to add that to our bills to pay for the unrecoverable debt of struggling customers

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