Standing charges

Buzzeebear

Hi. 
Have just been offered a fixed tariff by my energy supplier, but the standing charge has more than doubled. I only have electricity not gas. Can anyone explain why this charge has increased so much? I understand why the price has increased for the electric but not the standing charge. Thank you

PennineAcute

https://forums.moneysavingexpert.com/discussion/6337247/why-has-the-electricity-standing-charge-price-cap-almost-doubled#latest

XAV8R

The government cap on fuel prices did not as far as I'm aware include a cap on standing charges I may be wrong ?

My charges amount to almost £200 / year on a fixed tariff for both meters, however there are according to the government figures 26 million homes in the UK with more being built every day, so 26 million x £200 minimum = 5.2 £BILLION so why are paying this amount when the companies are already making vast profits in the 1st place.

Will some knowledgeable person please start a government petition for us all to sign and getting something done ASAP.

https://petition.parliament.uk/petitions/new

QrizB

XAV8R said:

The government cap on fuel prices did not as far as I'm aware include a cap on standing charges I may be wrong ?

You're wrong. Standing charges are also capped. See the links in my signature.

XAV8R

CORRECTION

Number of Households

TOTAL (2022)

timeline_circle

28,267 '000

ANNUALIZED GROWTH 2017-22

insert_chart

+0.8%
=28,493,136 x £200 = £5,698,627,200 / year

Archie_Duke

XAV8R said:

The government cap on fuel prices did not as far as I'm aware include a cap on standing charges I may be wrong ?

There’s a fairly clear explainer page on MSE, has a table that shows average SC cap prices too.
https://www.moneysavingexpert.com/utilities/what-is-the-energy-price-cap/#howmuch