Energy: Prices

(asked on 17th February 2023) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether his Department is taking steps to help ensure that energy standing charges do not increase.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 27th February 2023

The standing charge is a fixed charge that suppliers pass on to their customers to cover the cost of providing a live supply and decisions about standing charges are a commercial matter for energy suppliers subject to the maximum permitted under the price cap. One component of the standing charge cost relates to transmission and distribution charges, which have increased due to the Supplier of Last Resort (SoLR) levy. The Government, together with Ofgem, is looking at reforms to ensure the energy market is more resilient.

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