Chancellor proposes ending gas standing charges for 23 million homes
The Guardian reported that chancellor John Healey plans to ask energy regulator Ofgem to scrap the fixed daily fee on gas bills for 23 million homes.
The Guardian reported that chancellor John Healey plans to ask energy regulator Ofgem to scrap the fixed daily fee on gas bills for 23 million homes. He described the charge as “unfair and outdated” and said its removal could save two‑thirds of households an average of £45 a year. The typical household currently pays about £108 annually in standing charges. Healey made the announcement ahead of his first budget statement in the Commons, scheduled for Wednesday. He said the request would be made for the next year or as soon as possible thereafter. If Ofgem agrees, the change would affect a large share of British consumers and alter how gas costs are calculated.
Why it matters
Eliminating the standing charge would lower energy bills for most households, easing financial pressure on consumers.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- John Healey, Ofgem, Business, Commons
- Section
- Business
Sources
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