Why oh why has the daily standing charge risen by over 100%

go_the_extra

I can understand that energy prices have risen, still can't really understand why we in the UK are paying double the unit cost that French consumers pay. What really gets me is the more than doubling of the daily standing charge, to over 45p per day. How do energy companies justify this? The cables are the same size,  nothing has materially changed to warrant this increase.

GingerTim

https://forums.moneysavingexpert.com/discussion/6339555/mse-update-why-has-the-standing-charge-for-electricity-nearly-doubled#latest

Quite literally the post above this one.

savers_united

Been discussed many times on here, often at length. A quick search will give you the answer and more. 

Spoiler:It may go even higher in the months ahead. 

victor2

This might help explain it:

https://www.moneysavingexpert.com/utilities/what-is-the-energy-price-cap/#accordion-content-0336620245-1

markin

France have capped it, the french Government own a big chunk of EDF, they are taking on billions more in debt.

"According to EDF, a spate of outages led to core profit losses of €11bn ($12.5bn ) in 2022, following on from losses of €8bn ($9bn ) as a result of France's new 4% cap on household and business energy bills." 18 Feb 2022"

French Government gives EDF $2.4bn injection amidst energy price crisis

"Finance Minister Bruno Le Maire said that the French Government would buy €2.1bn of the new shares to maintain its 84% stake in the company and support it out of the slump. " Feb 2022

EDF warns of €26bn hit from output curbs and energy price caps

March 14th 2022

BUFF

markin said:

France have capped it, the french Government own a big chunk of EDF, they are taking on billions more in debt.

"According to EDF, a spate of outages led to core profit losses of €11bn ($12.5bn ) in 2022, following on from losses of €8bn ($9bn ) as a result of France's new 4% cap on household and business energy bills." 18 Feb 2022"

French Government gives EDF $2.4bn injection amidst energy price crisis

"Finance Minister Bruno Le Maire said that the French Government would buy €2.1bn of the new shares to maintain its 84% stake in the company and support it out of the slump. " Feb 2022

The French elections this month have nothing to do with that decision ...