No Standing Charge Electricity Tariffs: OFGEM says they’re coming, but will they save us money ?
A 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.... Suppliers are now piling on the pressure to fix with a plethora of different and highly confusing offers, none of which include a reduction in the standing charge . These offers have been coming in thick and fast since last month following the latest price cap rise, and the unexpected rise in the cap from January, and OFGEM are effectively 'co-conspiring' with suppliers to try to get you to fix now, by soft-pedalling on a final decision on the precise details of any SC reductions. There is also a nasty rumour that OFGEM has caved in even further to the cartel and is likely to set a minimum consumption level (ca 666 kWh for electricity and 2500kWh for Gas) for a 'low' user to qualify for a reduced-SC tariff. This is ridculously high and would exclude many pensioners who have already cut their...