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Ofgem Price Cap Rises to £1,755 on Wednesday With Warnings to Submit Meter Readings

Skipping a reading can see a typical home overpay about £17 for a week’s usage, with more than seven million at risk, Uswitch estimates.

Overview

  • The cap for a typical dual‑fuel household paying by direct debit increases by about £35 a year to £1,755 from October 1 under Ofgem’s quarterly review.
  • Customers on standard variable tariffs without working smart meters are urged to submit readings on or before October 1 so late‑September use is not billed at higher October rates; smart meters submit automatically.
  • Uswitch estimates potential overpayments of about £17.02 per affected household and roughly £125 million in total if readings are missed around the changeover.
  • Suppliers have set differing cut‑offs for manual submissions: British Gas October 14, Octopus October 8, E.ON Next October 6, EDF October 9, OVO October 11, and Scottish Power October 5.
  • Most firms allow short backdating of readings, so take a dated photo for evidence, and consider fixed‑rate deals currently advertised as around £215 cheaper than the new cap for typical use.