MoneySavingExpert.com homepage
Cutting your costs, fighting your corner
Founder, Martin Lewis · Editor-in-Chief, Marcus Herbert
Search bar closed.
msepolls-light-pink

Should energy standing charges be lowered and unit rates increased instead?

20 June 2023

Currently, under the Energy Price Cap everyone pays almost £300 a year just for the facility of having electricity and gas – even before any is used – due to the daily standing charge.

Currently, under the Energy Price Cap, everyone pays almost £300 a year just to access gas and electricity – even before they've used any – and that's because of daily standing charges.

Energy regulator Ofgem is currently seeking views from the industry on these costs, so we want to ask for yours. If the standing charge is cut, it will increase the cost of each unit of energy used – some argue the problem with this is it penalises vulnerable customers (for example, the elderly or ill) with high usage.

So we want to hear from you…

MSE Forum

Energy standing charges poll

Forum image
Tools and calculators

Clever ways to calculate your finances

Find your odds of getting top cards
Find your odds for getting a cheap loan
Compare broadband, phone & TV deals
Compares thousands of mortgages
Eight calcs to help you work out the cost
We ensure you’re on the cheapest tariff