Energy Standing Charge Overhaul Faces Industry Pushback as Debt Hits Record £4.4bn
Energy suppliers have expressed significant concerns about Ofgem’s proposed standing charge overhaul, warning the changes could worsen affordability issues for vulnerable households. Meanwhile, customer debt to energy companies has reached a record £4.4 billion, with over one million households having no repayment arrangements in place.
Energy Industry Leaders Question Ofgem’s Standing Charge Reforms
Energy executives have expressed significant reservations about regulator Ofgem‘s proposed overhaul of standing charges, warning MPs that the plans could potentially backfire and worsen affordability issues for struggling households. According to reports from the Energy Security and Net Zero Committee hearing, industry leaders from the UK’s largest suppliers questioned the effectiveness of the proposed changes.