Money Saving Expert Martin Lewis says that some people can refuse to pay increased prices for electricity and heating. He appeared on ITV's This Morning where he explained why to Holly Willoughby and Phillip Schofield.
31.03.2022 - 21:25 / manchestereveningnews.co.uk
Money Saving Expert founder Martin Lewis has warned people not to break the law ahead of gas and electric bill increases after fans questioned him about their meter readings. From April 1 households all across the UK will see a sharp increase in their energy bills, but there are ways to mitigate the sharp costs.
One key piece advice from Mr Lewis is that people should take a reading from their meters and supply it to their company before April 1 to ensure the maximum amount of gas and electricity is charged at the current, and soon to be much cheaper, rate, Birmingham Live reports. Energy companies have been overwhelmed with customer enquiries leading to some sites crashing today, March 31, which has been dubbed 'National Meter Reading Day'.
It is believed around 18 million households on standard tariffs will see an average increase of £692 - from £1,277 to 1,971 per year. Meanwhile, around 4.5 million prepayment customers will see an increase of £708.
Read more: Ofgem issues energy bill advice to customers as British Gas, EON, Scottish Power websites crash
Mr Lewis claims he has received messages from people asking if they should provide a false reading before April 1 and has now warned against the idea. In response, he tweeted: "Many asking me Q. Can I give a falsely inflated meter reading on 31 March - so I get more at the cheap rate that I use in April? A. That's called fraud I'm afraid."
While giving a higher reading on March 31 will theoretically provide a cheaper rate, it is illegal to falsify this and you will be caught out if a representative comes to see your meter. Most companies tell customers they should use a smart meter to ensure the reading they provide is accurate.
There are also some other tips
Money Saving Expert Martin Lewis says that some people can refuse to pay increased prices for electricity and heating. He appeared on ITV's This Morning where he explained why to Holly Willoughby and Phillip Schofield.
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As energy bills are set to soar even further as the cost of living crisis continues to pinch it can feel daunting to consider the arrival of your next bill. Next month, energy prices will increase by around 50% across the board affecting every user in the UK. Most energy firms are increasing their standard tariffs to the maximum allowed by the Ofgem price cap - £1,971 - from April 1.
Martin Lewis is well-known for his helpful money-saving tips, with the TV star having helped millions of people cut back on their household expenses over the years. The 49 year old financial journalist offers free advice on a wide range of topics, including household bills, mortgages and insurance, and has most recently been outlining tips to help people ahead of next month's energy price increase. Martin, who recently urged the public to make five simple changes in order to save money, boasts an impressive net worth thanks to his successful career.
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