Ofgem, the government's regulator for electricity and gas, has issued a warning to anybody with an electric meter. It comes as the price cap is reduced today, seeing a significant fall in energy costs.
Now people across Great Britain have been urged to take meter readings today (July 1) as the new energy prices come into force that are likely to save households hundreds of pounds a year. The average price for each unit of electricity that someone uses has been slashed to 30p per unit, while gas prices will drop to 8p per unit.
It will save the average household around £426 a year on their energy bills, according to regulator Ofgem – which sets the levels and calculated average usage. It means that the new average price that Ofgem says a household can be charged will fall from £3,280 to £2,074.
