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I'm about to leave the collective energy deal negotiated by MSE. Inevitably, I'm going to be paying more - so - I was wondering about the legality of "over-reading" my meters when I submit my final reads, thereby having a stockpile of enegy at the old price! Actually, I've been exaggerating my reads for the last couple of months so the trend shouldn't be too obvious. Clearly I'm hoping that an actual reader won't come round! Is this legal?After all, I'm only doing what the energy companies do - buy in on the futures market!
You keep asking the same question. It is not legal, and if you could get away with it, it would be fraud.
Energy suppliers are alive to the possibility of people trying this on. Apart from lying about their meter readings, some people misread their meter or just do not bother to do so on a switch, For these reasons, ALL meter readings on a transfer of supply are verified/confirmed by independent industry data collectors. The data collectors hold past data (meter readings) from your property. If the readings that you provide are different from what is expected, then the Data Collectors will issue estimated readings which are then used by the gaining and losing suppliers to open and close your accounts.
If the readings that you have provided differ markedly from the estimates produced by the data collectors, then the gaining supplier might raise an Agreed Readings Dispute. The easiest way for this to be resolved is for them to send out a meter reader.
Edit: I will leave my post as it might help others thinking of doing the same.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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