Take meter-readings before April Fool’s Day price hikes

By IW Observer.co.uk Mar 27, 2022
Young woman rewrites the electrical meter readings at home in Russia

The local Footprint Trust charity, which gives Islanders free help and guidance on domestic utility bills, has declared next Thursday (March 31), ‘Island Meter Reading Day’. They have put out a warning that it is essential that people take a gas and electricity meter-reading before the massive price increases come into effect on April 1 – ironically April Fool’s Day.

Ray Harrington-Veil, from the trust, explained: “For those customers who have old non-smart meters it is important to take meter-readings on March 31, and to submit that reading. This way you will be charged for the current cheaper rate, prior to the increase the following day. This advice does not apply to those on a deal that goes on beyond March 31, but is very relevant for those on the default standard tariff.

If your home has an old design non-smart prepayment meter, what you should do is top up as much as you can afford before Friday, April 1, as the price cap will rise by over 50%. The new expensive rates won’t be applied until the first time you top up following a price change. Credit added before then will be charged at the old rates.

“It is important to understand that the price cap is on the unit price of energy, not on the total bill.

“Be aware of anyone claiming on social media, claiming to have found a ‘good cheaper energy company’. What suits one household is irrelevant for another, as we all have different lifestyles. Some of those making these claims are on commission, a fact they fail to mention. In all cases do not switch until you have received your Warm Home Discount, if applicable.”

The trust is also encouraging all home-owners to insulate their homes if they have not done so already, as this may bring savings of around £500 per year.