![]() The Welsh Government has confirmed it will offer people in Wales an extra £150 to help with the cost of living crisis. Martin has also urged families to check how they can claim a £150 council tax rebate from April. Watch out for the £150 council tax rebate “I would suggest you do a meter reading today and diarise to do a meter reading on March 31, so you draw a line and tell the energy company all this energy I've used should be at the cheap rate,” he said. Martin recommended taking one reading today and then another on March 31, before the new price cap comes into force. He said that, "sadly" there no equivalent way to “stockpile” energy now if you pay by direct debit.īut saying this, he says it is important to take regular meter readings so that you can check you’re being billed correctly. Take a meter reading now if you pay by direct debit MSE has asked Ofgem if Scottish Power is allowed to do this but hasn’t issued a further update. Scottish Power was the only provider that said the additional amount you would've paid under the new rates would be recovered by adding a small amount of debt to your meter at your next annual statement. MSE contacted 11 of the biggest energy suppliers - including British Gas, SSE, E.on and EDF - and only one said the stockpiling trick wouldn’t work. “That means if you max out your top-up in March before the rate goes up, that's what you'll get, even if you then use that energy in April."Īdding: “So you can extend the cheap rate we have now for longer by maxing your top-up if you can afford it - and I know not everybody on prepay can.” "If you have a smart prepayment meter, this stockpile trick sadly won’t work as these meters are updated remotely with the new rates on the day of a price change. He says: "Your rates shouldn’t change until the first time you top up following a price adjustment. ![]() Check if you can stockpile energy before April price rise Got your own top money saving tips? Share them in the comments below. ![]() Martin Lewis has issued a new video with three things you can do now to help. The energy price cap sets a limit on the rates a supplier can charge for each unit of gas and electricity you use and is currently reviewed twice a year. READ MORE: Couple who had £43,000 debt share tricks they used to slash spending and clear it Prepayment customers will be worse hit, with a jump of £708 from £1,309 to £2,017, reports the Mirror. With energy prices sent to rocket at the end of this month, MoneySavingExpert Martin Lewis has some important advice for homeowners.įrom April 1, Ofgem's price cap will rise from £1,277 to £1,971, putting massive pressure on many households. ![]()
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