Martin Lewis has urged homeowners to switch to a fixed tariff before the end of the month
Martin Lewis has sounded the alarm over a "moral hazard" standing charge rule that's tacking on an extra £338 annually to energy bills from major suppliers like British Gas , OVO, EDF , EON, and Octopus.Taking to Twitter , Mr Lewis expressed his views: " Consultation to reduce Standing Charges launched: The Standing Charge is a daily poll tax that means everyone with gas and electricity pays a minimum £338 a year even if they don't use it.
He continued, highlighting the impact on consumers: "This moral hazard penalises lower users, often many who are vulnerable, and means they will face a proportionately larger rise. I've long called for change, so welcome today's long promised consultation on reducing standing charges today - though I'm slightly disappointed even the maximum proposed reduction is only £100/yr - but I'll hold judgement until I've read the consultation in full.
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