British Gas customers are being urged to submit a meter reading by July 14 to make sure they don’t get overcharged.
It comes following a drop in the Ofgem energy price cap, which fell to £2,074 a year for the typical household from July 1.
Gas and electricity bills were previously dictated by the Government Energy Price Guarantee, which was set at £2,500 a year for the average home.
British Gas customers have until July 14 to submit a meter reading, otherwise the provider will estimate their usage.
This could mean you end up potentially being overcharged.
You can submit your meter reading through the British Gas website.
You’ll be asked to provide separate meter readings for gas and electricity, and the date you took the readings.
You don’t need to submit a meter reading if you have a smart meter, as this will take readings automatically for you, or if you have a pre-payment meter.
The Ofgem price cap limits what you pay for each unit of gas and electricity you use, plus the maximum daily standing charge.
You’ll be on the price cap if you’re on a standard variable rate (SVR) tariff - this is roughly around 29 million households.
If you pay by direct debit, the average unit rate for gas has fallen from 10.31p per kilowatt hour (kWh) to 7.51p.
For electricity, the unit rate has dropped from 33.21p per kilowatt to 30.11p.
The standing charge - a fixed daily amount you have to pay for energy, no matter how much you use - for both gas and electricity remains at 29.11p per day.
It’s important to note there isn’t a total cap on how much you can pay for energy - the headline figures illustrate what someone with typical usage is likely to pay over a year.
You can end up paying more or less, depending on how much energy you use - as well as how you pay your bill.
If you’re a prepayment customer, the price cap is falling to £2,046 a year and for those who pay on receipt of bill, the price cap is now £2,211.
The unit rates are slightly different for these methods of paying.
