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Standing charges are a fixed daily fee to cover the costs of connecting to a supply. They are typically 61p a day for electricity and 32p a day for gas, although they vary slightly by region ...
The regulator is also proposing new standards for suppliers to make it easier for customers who are struggling to pay their bills to get support.
Households due to be £1,206 a year better off on average as price cap falls below price guarantee
It comes after the price cap – which sets a maximum rate per unit and standing charge for energy use – is set to rise by £21 for an average household per year or around £1.75 a month.
Ofgem wants suppliers to have to offer ‘zero standing charge’ tariffs to address ballooning household energy debt
Set by regulator Ofgem, the energy price cap is the maximum amount energy suppliers can charge for each unit of energy for those on a standard variable tariff, which includes most households ...
Notably, in 2018, the UK Government introduced a form of price cap regulation through a new cap for gas and electricity customers on standard variable tariffs. [3] In August 2022, the energy price cap was raised to £3,549 which would have pushed 8.2 million people into fuel poverty in October 2022 until March 2023.
The regulator said it was the ‘right time’ to look at standing charges again because of cost-of-living pressures. Ofgem ‘reopens debate’ on energy standing charges amid rising bills Skip ...