Energy customers with suppliers such as British Gas, EOn, EDF, and Octopus Energy are being prompted to take immediate action by submitting a meter reading.
Customers can backdate their readings to Monday, July 1, provided they took the reading on that date, since many leading energy providers, including British Gas and EOn, will accept backdated submissions if they're made by Thursday. Regardless, providing a reading from either Monday or today could result in savings when compared to an estimated bill, reports the Express.
He had already clarified: "On Monday, July 1, the energy price cap which dictates the price that 85 per cent of homes in England, Scotland and Wales pay for their energy is dropping, it's getting cheaper, by 7 per cent. It's the unit rates that are dropping, the standing charges are staying the same. The unit rate has dropped and that means higher users will see slightly more than 7 percent cut, lower users slightly less but for everyone it's going down.
"That is based usually on estimates of what you will use. Because the price is going to be dropping 7 percent, if you allow your energy firm to estimate your usage, it could estimate more at the higher rate before July 1 than it does afterwards because if it's looking across a couple of months it might choose to allocate some of those units that you use to the higher rate period."
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MENnewsdesk - 🏆 23. / 69 Read more »