Martin Lewis, founder of MoneySavingExpert.com, has expressed concerns about new zero standing charge tariffs introduced following changes in Ofgem regulations. While acknowledging they are the best solution Ofgem can implement unilaterally, he highlights the potential issues for vulnerable households, especially those on pre-payment meters and those with low energy usage.
Martin Lewis has warned customers about the potential issues with zero standing charge tariffs that have been introduced following changes in Ofgem regulations. The consumer champion and television personality expressed his concerns after Ofgem , the energy regulator, unveiled these tariffs last week.
He added: "They're paying every day even though they don't use it. It's awful for people on pre-payment tariffs. IT means when they've got no money and they're not using any energy, the meter's still ticking. So when they want to use energy again, they have to put money in to cover the standing charges. Even though they don't have the money. So I've long campaigned for change.
Martin detailed the potential consequences for vulnerable consumers: "Because if you've got an electric wheelchair for your child or a dialysis machine or something that means you have very high energy usage, if you lower the standing charge, where does the cost go to? It goes onto the unit rate, the amount that you pay for each unit of gas and electricity. So vulnerable higher users would suffer from this.
Energy Tariffs Ofgem Standing Charges Martin Lewis Consumer Rights
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