Energy Standing Charges Review: Martin Lewis’ MSE Update
At the heart of the energy industry, standing charges are under scrutiny following calls from Martin Lewis and Money Saving Expert for their reduction. In a recent update, the MSE team issued a statement regarding the ongoing review of standing charges by energy regulator Ofgem. While the call for evidence has closed, consumers are eagerly awaiting Ofgem’s final response.
Impact of Rising Standing Charges on Energy Bills
As of April 1st, standing charges for electricity and gas have increased, placing a heavier burden on consumers. The average standing charge for electricity rose from 53p to 60p per day, while gas saw an increase from 29p to 31p per day. Despite the recent Energy Price Cap announcement maintaining these charges until September 30th, higher energy users are feeling the pinch.
Martin Lewis Advocates for Lower Standing Charges
Martin Lewis, renowned for his money-saving expertise, has been vocal about the need to reduce standing charges. He highlights the unfairness of consumers paying a significant amount merely for the privilege of having gas and electricity, regardless of usage. Lewis emphasizes the importance of lowering standing charges to empower consumers to save on energy and promote environmental sustainability.
In conclusion, the ongoing debate surrounding energy standing charges continues to spark discussions on affordability and consumer rights. As households await the upcoming changes in unit rates, the call for lower standing charges remains a priority for advocates like Martin Lewis.
