electricty standing charge increase

billiebean

I've had a new fixed rate offer from my supplier. Electricity has gone from 36.44 kwh to 25.54 
gas from 7.18 to 5.81. Whilst I am delighted that at last it is going down, I'm curious as to why the standing charges have gone up. Gas 29.09 up to 31.10 and electric up a massive 28.59 to 55.71.

Netexporter

SC has been around 50p for ages. You were just unaware as you were on a fix. Think yourself lucky you aren't in the Northern region; it's 70p there.

Scot_39

Electricty standing charges have more than doubled in last 2 years.

The first major step in my region was nearly 90% - and coincided with the SoLR levy being added - but other changes to the cap have impacted it as the SoLR levy reduced.

The recent Apr change averaged iirc just under 7p (-0.6 in one region to 14p in Northern - making it the most espensive iirc)

BarelySentientAI

billiebean said:

I've had a new fixed rate offer from my supplier. 

Fixed rate - they can charge whatever they want.

Others have already pointed out that this is normal anyway.

Qyburn

billiebean said:

I've had a new fixed rate offer from my supplier. Electricity has gone from 36.44 kwh to 25.54 

How come you were paying 36.44p, was that a multi year fix?

FreeBear

Scot_39 said:

Electricty standing charges have more than doubled in last 2 years.

The first major step in my region was nearly 90% - and coincided with the SoLR levy being added - but other changes to the cap have impacted it as the SoLR levy reduced.

One such increase is the £16 per year OFGEM wanted to add to cover customer bad debt. At £1.33 per month, it is only a few pence on the daily standing charge.

https://www.ofgem.gov.uk/press-release/energy-regulator-sets-out-proposals-help-ensure-customers-risk-getting-debt-are-better-supported

https://www.bbc.co.uk/news/business-67725424