To avoid being overcharged, households on Standard Variable Tariffs should submit meter readings as soon as possible after the cap comes in.Of course, you could find that your bills go up, particularly if you’ve had the heating on lots in June - but you will avoid disputes and be certain that your bill is fair.If you’re one of the 29million households on an SVT and you also don’t have a smart meter or a pay-as-you-go meter, then you should submit a reading.
Take a photo of your meter on July 1, and compare it to what is showing when you log into your energy account.It is worth keeping the photo as you can submit it to your provider later if there are any disputes.If you have a prepaid meter, you also don’t need to submit any readings, as you pay for your energy in advance.
You’ll be locked into the price that you fixed on, which could be higher or lower than what you would be paying on an SVR.