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'More energy deals with NO standing charges finally on the cards'
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MSE News: More energy deals with NO standing charges finally on the cards
Energy suppliers will need to offer tariffs with low or no standing charges under new plans to tackle the issue of high standing charges, which make up over £330 of most people’s annual bills.
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ive seen this on the bbc site, about new tariffs must be offered with no standing charges
surely enough the price per unit will shoot up, ideal if the house is going to be empty or going onto all electric
Ofgem - BBC News0 -
yes the unit price will be higher but if you aren't using much / place is empty or unused then it may turn out to be cheaper. I have a holiday flat I use at weekends only - in the summer during the week all that is on is the fridge / freezer - and gas consumption is minimal for months - consumption overall is low and hence such a tariff may be better.1
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It reads as though there'll be a choice between standing charge or no standing charge but higher unit price. I suspect I'd be much better off with no standing charge and higher unit rate, half of my electricity bill and for summer months more than half of my gas is standing charge, it's only in the winter months that my gas use exceeds the standing charge and then it's still about 1/3 of my gas bill.
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TOU tariffs should have s/c's much lower or zero because they are helping the Grid from overloading3
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Ofgem set the rules. It sounds as though they might change them.If they change the rules re. how the cap is implemented, or how suppliers are charged for their customers, suppliers will be able to offer zero standing charge tariffs.N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Shell (now TT) BB / Lebara mobi. Ripple Kirk Hill member.
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 33MWh generated, long-term average 2.6 Os.Not exactly back from my break, but dipping in and out of the forum.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!1 -
Years ago I had a no standing charge on my gas because it only supplied hot water. My bill was about £5 per month. When the 'no standing charge' option was removed and I had to start paying it my bill jumped to £16 a month.
In my current house I have solar panels and in summer my imported electricity is close to zero but I'm still paying a bill consisting entirely of standing charge
People should be offered the choice4 -
We too used to enjoy the benefit of a no standing charge tariff for gas as at the time it was only used for cooking, and so we used almost nothing. At the point that SC's became inevitable, my monthly payments quadrupled. I suspect the problem with this will be stopping people playing the system with switching tariffs during the summer, and then back in the winter, and it will be interesting to see what Ofgem put in place to prevent that.🎉 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 = £102,500.00SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
Here’s the actual announcement from Ofgem for those who’d prefer to see the details “from the horse’s mouth”
https://www.ofgem.gov.uk/publications/standing-charges-update-our-review
Moo…6 -
FlorayG said:Years ago I had a no standing charge on my gas because it only supplied hot water. My bill was about £5 per month. When the 'no standing charge' option was removed and I had to start paying it my bill jumped to £16 a month.
In my current house I have solar panels and in summer my imported electricity is close to zero but I'm still paying a bill consisting entirely of standing charge
People should be offered the choice4.8kWp 12x400W Longhi 9.6 kWh battery Giv-hy 5.0 Inverter, WSW facing Essex . Aint no sunshine ☀️ Octopus gas fixed dec 24 @ 5.74 + Octopus Flux leccy1 -
wrf12345 said:TOU tariffs should have s/c's much lower or zero because they are helping the Grid from overloading2
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