Overview

• 10 million households without smart meters urged to submit energy meter readings before April 1 to avoid overpaying as price cap drops.
• Ofgem announces a 12.3% reduction in the energy price cap, decreasing bills to their lowest in two years.
• The new price cap will reduce the average annual bill for a dual-fuel household by £238, to £1,690.
• Failure to submit meter readings could result in some energy usage being charged at the higher rate.
• Households are advised to submit meter readings every month to improve bill accuracy.