People are being urged to submit an electricity meter reading to their energy supplier at the end of this month.
The warning comes as energy prices are set to see further price hikes in October as the price cap changes once more. While the new Prime Minister Liz Truss has announced the Government would guarantee the average household will pay no more than £2,500 in energy bills from October 1, this is still a considerable jump from the same time last year.
In April, Money Saving Expert's Martin Lewis and other financial experts recommended that everyone take a manual meter reading the day before the price hike. This was so that your energy supplier would know exactly how much energy you used before the new rates were introduced to prevent you from being overcharged.
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If you follow this logic, then you would need to submit a meter reading on September 30, ahead of the new price cap coming into force on October 1. Speaking on his ITV show, Martin said: "That way you draw a line in the sand that says to your energy firm, I've only used this amount at the cheaper rate."
To send a meter reading, record the first five numbers shown from left to right to your energy supplier. You can do this over the phone, online or through an app, reports the Liverpool Echo.
Digital meters will show five numbers in black and white, followed by one or more red numbers. The red numbers can be ignored.
Under the "Energy Price Guarantee" - also referred to as the October Price Freeze - which starts from October 1, a typical household will pay an average of £2,500 a year on their energy bills, frozen until 2024. Some households may pay less than this, while others will pay more.
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