Ofgem proposes new energy tariffs with low or no standing changes

Standing charges have invited public backlash as households battle high energy bills

Woman reads energy bill
(Image credit: Hispanolistic via Getty Images)

Energy providers could be forced to offer tariffs with low or zero standing charges, the regulator Ofgem has said. This move could give customers greater choice and reduce energy bills for some households, particularly those with low usage.

Some energy suppliers already offer this option, but it is not a requirement under current regulations. If implemented, the latest proposal would introduce greater consistency across the market.

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.