Energy price cap reduction offset by increase in standing charges, campaigners warn
A reading on a domestic household gas meter
ENERGY companies are to increase the standing charges of millions of customers next month, campaigners warned today.
The charges, fixed daily rates on top of consumption, are rising from £303 to £334 per year — 147 per cent higher than in 2021 — and will partially offset Ofgem’s energy “price cap” introduced by the regulator on April 1.
The standing charge for gas will increase by 13 per cent and electricity by 6 per cent — both well over current inflation, which stands at 3.4 per cent.
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