Money Wellness
Illustration of people taking meter reading
category iconbills
calendar icon25 Jun 2024

Energy bills set to drop from July – here’s the best time to submit your meter readings

Last month, energy regulator Ofgem confirmed the energy price cap would fall from £1,690 a year to £1,568 from July.

This means energy will be cheaper for millions of households.

But to make sure you get billed correctly, it’s important you submit meter readings before Sunday 30 June.  

Taking a meter reading makes sure your supplier charges you based on your actual usage– not based on an estimate that doesn’t necessarily reflect what you’ve used.

If you’re in the process of disputing your bills, taking a meter reading is crucial.

The energy price cap is the maximum amount suppliers can change for each unit of gas and electricity. Keep in mind that you’ll still be charged based on your usage – it’s just the cost per unit of energy will be cheaper.

The new cap marks the lowest level in two years. It’s reviewed every three months.

Are you struggling to pay your energy bills?

If you’re worried about paying your energy bills, don’t bury your head in the sand.

Contact your energy supplier and check what kind of help they offer. You might be able to:

  • get a break in payments
  • temporarily reduce your payments
  • get more time to pay what you owe
  • get help from your supplier’s hardship fund

Your supplier is required to work with you to try and agree a payment plan you can afford.

Do you need debt help?

If you’re in arrears, we’re here to help.

We can advise you on any debt solutions that might be suitable for you, tell you about grants you might be eligible for, check your benefit entitlement and help you with budgeting.

All our advice is free and impartial. Some debt solutions are free too, while others have a fee.

You can get debt advice online 24/7 or by giving us a call during our office hours.

Connie Enzler

Connie is a multimedia money-wellness-in-work expert, with a master's in multimedia journalism and over five years' experience as a digital writer and podcast creator. Connie is committed to making debt and personal finance information accessible to all.

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