To ask the Secretary of State for Energy Security and Net Zero, if she will make an assessment of the potential impact of trends in the level of energy tariff standing charges on small businesses.
Answered on
26 April 2024
Ofgem issued a Call for Input on standing charges which closed on 20 January 2024. It included an invitation to submit views on the issues affecting standing charges in the non-domestic retail sector. Ofgem are currently analysing responses and reviewing the make-up and structure of standing charges.
The Government recognises that businesses are facing pressure through their energy bills. That is why on 30 March 2024, my Rt Hon Friend the Secretary of State and I wrote to Ofgem, highlighting the importance of keeping standing charges as low as possible.
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