Standing charge

DottyDogLady

Martin says electricity standing charge cap is 45p but my supplier is charging me 52p. Their explanation is that Ofgen expect the standing charge to be around 14% of a bill. So is there a price cap on standing charges or does the price vary according to how much electricity used?

Verdigris

SCs vary by region. Are you in the South West?

DottyDogLady

Yes That’s right

Verdigris

Highest SC in the land, sadly. I'm moving to Wales, it's only 48p there!

DottyDogLady

Well at least we get £50 off the water bill! 😊

mparter

On a related note, why are these in some cases going up by 100% or more? Profiteering?

Verdigris

DottyDogLady said:

Well at least we get £50 off the water bill! 😊

I shall miss that.

DottyDogLady

Apparently it’s to do with supply costs, green levies etc. But no breakdown on how the figure was reached.

Verdigris

mparter said:

On a related note, why are these in some cases going up by 100% or more? Profiteering?

See the 6748365548 pevious threads asking the same question.

DottyDogLady

Verdigris said:

mparter said:

On a related note, why are these in some cases going up by 100% or more? Profiteering?

See the 6748365548 pevious threads asking the same question.

So one of life’s mysteries then

MWT

DottyDogLady said:

Apparently it’s to do with supply costs, green levies etc. But no breakdown on how the figure was reached.

Ofgem provide excruciatingly fine detail on how the capped standing charge is determined, you can see it all here if you want...

https://www.ofgem.gov.uk/sites/default/files/2022-02/Default_tarif_cap_level_v1.10.xlsx