Live coverage as regulator Ofgem announces 10% increase in average household energy bill
Ofgem’s boss has outlined that there are no easy answers on how to cut energy bills, including via standing charge reform.
Standing charges have increased in recent months, and unlike with energy use, households have no ability to change their usage.
We are working with government, suppliers, charities and consumer groups to do everything we can to support customers, including longer term standing charge reform, and steps to tackle debt and affordability.
Options such as changing how standing charges are paid and getting suppliers to offer more tariff choices and give customers more control are all on the table, but there are no silver bullets. Any change could leave some low-income households worse off, so it’s important we hear views on our proposals and continue working with the government to see what targeted support could help customers.
Continue reading…Live coverage as regulator Ofgem announces 10% increase in average household energy billOfgem’s boss has outlined that there are no easy answers on how to cut energy bills, including via standing charge reform.Standing charges have increased in recent months, and unlike with energy use, households have no ability to change their usage.We are working with government, suppliers, charities and consumer groups to do everything we can to support customers, including longer term standing charge reform, and steps to tackle debt and affordability.Options such as changing how standing charges are paid and getting suppliers to offer more tariff choices and give customers more control are all on the table, but there are no silver bullets. Any change could leave some low-income households worse off, so it’s important we hear views on our proposals and continue working with the government to see what targeted support could help customers. Continue reading…