![]() ![]() Ofgem recently consulted on changes that would move part of the standing charge to the per-unit cost for electricity. "It is one of the first things we can do to reduce our reliance on the global gas market and the government subsidies." Daily standing charges Electricity And saving energy has got to be the biggest thing this winter. "If you reduce your energy consumption, you're still paying your standing charges, so it reduces the incentive to save energy. "I think what's important here is that Ofgem should start moving costs out of the standing charge, and they should do so with a sense of urgency because standing charges are pernicious for low-energy users. ![]() ![]() Martin Lewis shares new energy daily standing charges for gas and electricity from OctoberĪsked if other suppliers should follow suit, he said: "If you're Costa Coffee I don't know whether you'd call on Starbucks to do what you do.Save £200 on energy bills each year by adjusting two settings on the front of your boiler.I just hope that Ofgem follows.” Read More Related Articles Mr Jackson told the PA news agency: “Customers really do want to see standing charges come down, and I think Octopus can take a lead on it. During last week’s Cost of Living TV special, consumer champion Martin Lewis explained to viewers that even if they never used a single drop of gas or electricity, they would still need to pay £276 over the year due to daily standing charges. It comes after the business said it would knock 4% off the standing charge for customers whose bills are regulated by the energy price cap. Octopus Energy boss Greg Jackson said that many customers cannot understand why standing charges, the part of a bill you pay regardless of how much energy you use, are so high. Ofgem should help drive down standing charges for energy bill payers around the UK, the head of one of the country's largest suppliers has said. ![]()
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