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standing charges
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DE_612183 said:MikeJXE said:Krakkkers said:It seems on this board that standing charges are a good thing but i also see it as a dis incentive to cutting back.0
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Krakkkers said:It seems on this board that standing charges are a good thing but i also see it as a dis incentive to cutting back.Remember the saying: if it looks too good to be true it almost certainly is.0
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Krakkkers said:It seems on this board that standing charges are a good thing but i also see it as a dis incentive to cutting back.Please explain.Your bill is a fixed amount + whatever you use. So your bill will be lower the less you use.How is that not an incentive to cut back?3
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MikeJXE said:DE_612183 said:MikeJXE said:Krakkkers said:It seems on this board that standing charges are a good thing but i also see it as a dis incentive to cutting back.
The electricity standing charge has increased more sharply - by around £98per year over that time period I think - but the reasons for a lot of this increase have been well documented here and elsewhere - and a good chunk of it is to do with the failed suppliers and the SOLR process. Realistically though anyone who's been active here for any amount of time already knows this.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
Hello and welcome to the forum and your first post.
Sorry to here you are struggling, there are a lot of posts about standing charges and unfortunately no way round them at all1 -
EssexHebridean said:MikeJXE said:DE_612183 said:MikeJXE said:Krakkkers said:It seems on this board that standing charges are a good thing but i also see it as a dis incentive to cutting back.
The electricity standing charge has increased more sharply - by around £98per year over that time period I think - but the reasons for a lot of this increase have been well documented here and elsewhere - and a good chunk of it is to do with the failed suppliers and the SOLR process. Realistically though anyone who's been active here for any amount of time already knows this.
I believe which is nearer the mark
Standing charges have gone up over 50% in the last year and I can't imagine maintenance cost have gone up that much or we would have huge increases in Telephone and broadband services.
My broadband is less now than it was 2 years ago1 -
The problem is that we see the standing charge separate from the use charge. That's what makes it different from most other things we purchase. Yes, everything that is purchased has a charge for infrastructure/delivery/etc as well as the actual product but we just don't notice as it's built into the cost.
So if I go to Tescos to buy a tin of beans it will cost £1 (or whatever) and in that is the cost of the beans, the tin and getting it to the shop and on the shelf and staff to dust around it and take my money when I want to buy a tin of beans. There's more infrastructure attached the more beans I buy. But if I'm on a reduced income and can't afford a tin of beans every day I can cut my use and therefore pay for less infrastructure. If I just buy a tin every other day rather than every day my "standing charges" are also reduced by 1 half.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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Hi
Standing charges vary area to area and reasons behind this
Thanks
https://www.bbc.co.uk/news/business-60878314
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MikeJXE said:EssexHebridean said:MikeJXE said:DE_612183 said:MikeJXE said:Krakkkers said:It seems on this board that standing charges are a good thing but i also see it as a dis incentive to cutting back.
The electricity standing charge has increased more sharply - by around £98per year over that time period I think - but the reasons for a lot of this increase have been well documented here and elsewhere - and a good chunk of it is to do with the failed suppliers and the SOLR process. Realistically though anyone who's been active here for any amount of time already knows this.
I believe which is nearer the mark
Standing charges have gone up over 50% in the last year and I can't imagine maintenance cost have gone up that much or we would have huge increases in Telephone and broadband services.
My broadband is less now than it was 2 years ago
The 2018 SC figures I used to calculate the increases are correct so far as I know - perhaps you have something that tells you differently?🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
You don't pay a standing charge plus pence-per-litre to fill up you car, and I am sure Shell have infrastructure charges too.
Ditto Tesco for food as posted above.
It seems like energy is unique in charging you this way. Oh sooy, landlines have 'line rental' - luckily mobiles came along so you just pay per call (or buy a bundle, or pay for a monthly bundle)0
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