Bucks, Beds and Herts households to face higher energy bills
A 10% increase in the cap comes into effect tomorrow, with residents urged to submit meter readings today
Nearly ten million UK households, including many in Buckinghamshire, Bedfordshire and Hertfordshire, could collectively overpay £186 million on their energy bills if they fail to submit a meter reading before October 1st.
With the new energy price cap taking effect on this date, households on standard variable tariffs (SVTs) without smart meters could be hit hardest.
The figures were revealed by comparison site Uswitch.com, which warned households of the potential to lose out on money if a meter reading isn't submitted today.
The average household on an SVT with typical usage is expected to spend £55 on energy in September, compared to £135 in October, reflecting both increased rates and higher autumn usage.
Craig Glynn, Chief Executive Officer of Citizens Advice Buckinghamshire, stressed the importance of taking action.
He said: "To avoid overpaying under the new price cap, we strongly recommend that people submit an accurate meter reading before October 1st.
"If they don't, their supplier could estimate their usage, leading to potentially much higher bills."
According to Uswitch, just a week's worth of energy at the higher October rates could cost the average household an additional £18.81, which over ten million households would total £186 million in overcharges.
These figures are especially concerning given the ongoing cost of living pressures.
"The reality of the cost of living crisis is still very much with us, and this 10% rise in energy costs will only add to the financial burden for many in Buckinghamshire," Mr Glynn explained.
"If residents are already struggling to pay their bills, this increase could push them into more difficult situations."
Citizens Advice Buckinghamshire is preparing to support those who may face these challenges.
Mr Glynn noted that many households are unsure how to read their energy meters, with research showing that 14% of households don’t know how to take a reading and 12% aren’t sure where their meter is located.
He said: "One of the most important things we advise is for people to get familiar with their meters.
"If you’re struggling to submit a reading before October 1st, contact your supplier as soon as possible to correct any estimates. You can also visit the Citizens Advice website for step-by-step instructions on how to read your meter."
For those facing unaffordable bills, Mr Glynn urged to act early and reach out for help.
"If you're finding it difficult to pay your energy bills, get in touch with your supplier and let them know you're struggling," he advised.
"This can give you some breathing space and potentially lead to manageable payment options."
Citizens Advice highlighted additional resources for local residents, such as energy vouchers through local councils and help with navigating benefits.
With the winter months approaching, energy prices are expected to rise again in January, possibly reaching £1,762 for the average household—a 3% increase over autumn rates. Fixed-rate energy tariffs, which lock in costs for a year or more, may help some households manage these rising expenses.
"Now is a good time to review your energy tariff," Glynn suggested. "Fixed-rate offers can provide stability and potentially save you money over the winter. You can compare options on the Citizens Advice website or call our consumer service for guidance."
For those in need of assistance, the charity Citizens Advice Buckinghamshire is available to provide advice and guidance online or through their consumer helpline.