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

Warning to low Electricity and Gas users: Don't be tempted by offers from your supplier to fix your tariffs now. If you do, 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.... ------------------------------- 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 penalise low users by first re-introducing, then continually hiking up their standing charges (SCs) to hitherto unprecedented levels. This has not so far been challenged by the regulator, OFGEM, but has caused much resentment and complaints amongst consumers, who object to 'paying through the nose for not using any energy' as they see it. Figure 1 shows ...