Martin Lewis urges all Brits to take a meter reading this Thursday

Martin Lewis has issued a reminder for all Brits to take a meter reading this Thursday before Ofgem’s price gap sky rockets.

From Friday April 1st, energy prices are expected to soar as the price gap rises from an annual cost of £1,277 to £1,971. 

This increase will add around £693 to the average household electricity bill per year.

And while the MoneySavingExpert founder has admitted he is ‘nearly out of tools’ to help with the looming cost increase, he has one piece of advice that could offer some solace to thousands of households across the country.

Speaking on his ITV show The Martin Lewis Money Show Live, Lewis detailed how some money could be saved if a meter reading is taken the day before the energy price cap rise this Thursday, March 31st.

Taking a meter reading the day before the price cap increases will inform energy providers on how much electricity was used before the new prices were introduced.

Read More: Rishi Sunak confirms 5p cut in fuel duty as part of spring statement

Lewis explained: “That way you draw a line in the sand that says to your energy firm, I’ve only used this amount at the cheaper rate.

This comes after Lewis called for a ‘crack down’ on a number of energy suppliers who are hiking household direct debits disproportionately to the price cap increase.

Slamming the practice as ‘not mathematically sound’ and a ‘breach of license conditions’, Lewis told MPs in a video statement: “There is no reason to double someone’s direct debit when they’re in credit and the price cap is going up 54%.

“That’s not mathematically sound and it’s a breach of licence conditions.

“I have been very concerned that a number of companies are doing it to improve their cash flow situation at the expense of their customers and I would like to see the regulator crack down on that quite substantially.”