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World

Ofgem’s standing charge crackdown is a win for the wealthy

12 December 2024

10:43 PM

12 December 2024

10:43 PM

At last some good news for owners of second homes: Ofgem has ordered electricity providers to offer tariffs which have no standing charges, but where instead householders pay more per unit of electricity consumed. True, it isn’t second-home owners which Ofgem had in mind when it came up with the idea, rather low income consumers whom it believes are losing out under the current system.

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