{"id":10725,"date":"2024-12-12T12:45:56","date_gmt":"2024-12-12T12:45:56","guid":{"rendered":"https:\/\/en.econostrum.info\/?p=10725"},"modified":"2024-12-12T12:45:56","modified_gmt":"2024-12-12T12:45:56","slug":"why-standing-charges-are-raising-energy-bills","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/why-standing-charges-are-raising-energy-bills\/","title":{"rendered":"Why Standing Charges Are Raising Your Energy Bills and How to Avoid Them"},"content":{"rendered":"
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Energy bills are a key concern in 2024, with standing charges<\/strong>, fixed charges<\/strong>, taxes<\/strong>, and debates over fairness<\/strong>. Vulnerable households<\/strong>, especially those with low usage<\/strong>, face disproportionate impacts. Martin Lewis, a trusted financial expert<\/strong>, highlights deeper flaws<\/strong> in the system, questioning if current pricing structures<\/strong> serve consumers effectively. His insights expose the hidden dynamics<\/strong> of an industry that increasingly burdens those least able to pay.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

The Impact of Taxes on Energy Bills<\/h2>\n

Martin Lewis<\/strong> emphasizes that energy taxes<\/strong>, particularly consumption taxes<\/strong>, contribute substantially to rising energy costs. If these taxes are not adjusted or reduced, households could face even higher bills. He has described standing charges<\/strong> as a \u201c\u00a3388-a-year poll tax<\/strong> on energy bills,\u201d criticizing their impact on low-energy users. Under Ofgem’s price cap<\/strong>, standing charges<\/strong> have seen a dramatic 43 per cent increase<\/strong> since 2019. These fixed charges are a burden on households that consume less energy, and they have come under increasing scrutiny due to their regressive nature.<\/p>\n