He added: "For prepaying customers, when the money on the meter runs out and there's no means of topping up, so does the energy. Energy price cap expected to increase again in JanuaryAnalysts Cornwall Insight predict the cap will rise again by £73 – or around 3.5% – in January due to increases in wholesale energy prices. The cap does not set an upper limit on actual bills, and households will pay more or less depending on how much energy they use. Billpayers are advised to submit meter readings as quickly as possible (Image: PA)This is to ensure their supplier can accurately bill them for energy used before and after the price cap drop. This year has seen a whole host of household price increases — from the energy price cap rise to surging inflation and food prices — costing your family hundreds or even thousands of pounds extra per year.

Source: The Times October 01, 2023 08:33 UTC