Written question asked by Baroness Altmann (Conservative) on Monday, 30 January 2023, in the House of Lords. It was due for an answer on Monday, 13 February 2023. It was answered by Lord Callanan (Conservative) on Wednesday, 8 February 2023 on behalf of the Department for Business, Energy and Industrial Strategy.
Energy: Standing Charges
- Question
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To ask His Majesty's Government what assessment they have made of the impact of increasing the retail customer energy standing charge; and what proportion of the increase in the standing charge is due to the need to compensate the customers of failed energy firms.
- Answer
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The maximum standing charge is limited by the Ofgem price cap. Ofgem reviewed the components of the standing charge in the Summer of 2022 and concluded that maintaining the existing methodology would protect consumers with the greatest energy needs.
Standing charges vary by region, billing method and energy type and range from approximately £99 to £205. In figures published by Ofgem in November 2022, Supplier of Last Resort costs (for those customers whose provider ceases trading) accounts for £61 in the average customer’s energy bill.
Secondary information
- Type
- Written question
- Reference
- HL5172
- Session
- 2022-23
- Subjects
- Compensation Companies Energy Insolvency Standing charges
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2023-02-08 12:17:48 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2022-23/HL5172
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2022-23/HL5172
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2022-23/HL5172