P104news.today104Wed 28 Oct10:42
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Chancellor to scrap gas standing charges from 2027
Chancellor John Healey will ask energy regulator Ofgem to remove standing charges from gas bills in 2027 or as soon as possible after, saving 60% of households an average of £45 a year.
Chancellor John Healey has announced that standing charges on gas bills will be scrapped from 2027 or as soon as possible afterwards. The fixed daily fees, which average £108 a year for a typical household regardless of usage, will instead be incorporated into the unit rate. The Treasury says the change could save 60% of households around £45 annually. Prime Minister Andy Burnham described it as 'basic fairness' and part of reforming the 'broken' energy market. The measure affects approximately 23 million homes. The Treasury said it will provide 'targeted mitigation' for a small number of households that may not benefit automatically, following concerns from money saving expert Martin Lewis and others that some higher users could pay more.
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