Standing charges on energy bills are set to hit record highs following the latest price cap update, disproportionately affecting low-income households, a new report has found. The report, produced by Ideal Economics, was written by former Ofgem senior economist David Osmon and commissioned by National Energy Action (NEA). Osmon heavily criticised the energy regulator, and said the £200 million government intervention to bring standing charges for PPM customers in line with those on comparable direct debits from July “is a direct response to Ofgem’s questionable current approach to setting the price cap”.
Energy standing charges to hit record highs
