Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with (a) Ofgem, (b) energy companies, (c) consumer organisations, (d) organisations advocating against fuel poverty, (e) organisations which advocate on behalf of older people and (f) other relevant stakeholders on setting a limit to the standing charges which can be charged by energy companies.
The Department meets regularly with a range of stakeholder to discuss energy retail market issues. Decisions about standing charges are a commercial matter for energy suppliers. The standing charge is a fixed charge that suppliers pass on to their customers to cover the cost of providing a live supply. One component of the standing charge cost relates to transmission and distribution charges, which have recently increased due to the Supplier of Last Resort (SoLR) levy. The Government, together with Ofgem, is looking at reforms to ensure financial resilience in the energy retail market.