No Standing Charge Electricity Tariffs: OFGEM says they’re coming, but will they save us money ?

Warning to low Electricity and Gas users: If you are anything other than a high user of both fuels, don't be tempted by offers from your supplier to fix your tariffs now. These are coming in thick and fast on the back of the latest price cap rise, with OFGEM actually 'co-conspiring' with suppliers to try to get you to fix. The rationale being peddled is to "...protect yourself against future price cap rises...". If you do succumb to the temptation, however, you'll lock yourself into a contract lasting at least a year with exit penalties, and won't be able to take advantage of any No-SC tariffs that appear this winter....beware. ------------------------------- Why are No-SC tariffs important, and when are we likely to see them ? Our Electricity prices in UK are acknowledged to be the highest in Europe. Despite this rather serious indictment of our pricing structure, as discussed in a previous blog , our Electricity and Gas suppliers have continued to p...