Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, if she will encourage energy companies to reduce standing charges on (a) electricity and (b) gas.
Setting the level of standing charges falls within the remit of Ofgem. I regularly meet with Ofgem to discuss the energy retail market, including standing charges. Ofgem’s recent Call for Input (CfI) on standing charges closed on January 19th 2024. The Call for Input seeks to gain greater understanding on how standing charges are applied to energy bills and what alternatives could be considered. Government welcomes this and looks forward to Ofgem’s conclusions.
Further information on the CfI may be found online at: www.ofgem.gov.uk/publications/launch-review-standing-charges-energy-bills