Millions of Britons urged to submit meter readings before energy price cap rises on Wednesday
Summary
Millions of people in Britain need to send in their energy meter readings before Wednesday to avoid paying higher bills when the energy price cap increases. The price cap, which limits how much energy companies can charge, will go up by 13%, raising average household bills by about £221 per year.Key Facts
- The energy price cap in Britain will increase by 13% on Wednesday.
- Around 5.3 million households without smart meters are urged to submit their readings before the price rise.
- If they don't, some of their energy use in June might be charged at the higher new rates.
- Electricity prices will rise from 24.67p to 26.11p per kilowatt hour; gas prices from 5.74p to 7.33p per kilowatt hour.
- The average annual energy bill will increase to £1,862, up £221 from before.
- The price increase is linked to higher global energy prices caused by conflict involving Iran.
- Some cheaper fixed-price deals are still available, costing less than the new price cap.
- The price increase occurs during warmer months when heating use is lower, which may reduce the impact on bills.
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