Energy and Standing Charges: Prices

(asked on 17th April 2025) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what steps his Department is taking to help reduce (a) energy prices and (b) standing charge fees.


Answered by
Miatta Fahnbulleh Portrait
Miatta Fahnbulleh
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 29th April 2025

The Government believes that our mission to deliver clean power by 2030 is the best way to break our dependence on global fossil fuel markets and protect billpayers permanently.

The creation of Great British Energy will help us to harness clean energy and reduce our reliance on volatile international energy markets as part of our commitment to make Britain a clean energy superpower by 2030. Our Warm Homes Plan will transform homes across the country by making them cleaner and cheaper to run.

We know that too much of the burden of the bill is placed on standing charges. We are committed to lowering the cost of standing charges and have worked constructively with the regulator, Ofgem, on this issue.

In February, Ofgem launched a consultation ‘Introducing a zero standing charge energy price cap variant’ - https://www.ofgem.gov.uk/consultation/introducing-zero-standing-charge-energy-price-cap-variant. Under these proposals, consumers would have the option of tariffs with a zero standing charge within the price cap.

The consultation closed on 20 March and we stand ready to continue work with Ofgem on this matter.

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