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At precisely 00:1am today i glanced at my Electricity smart meter and it suddenly went from zero to 58p
Last week i received a notification from my energy supplier OVO stating that regrettably they will be increasing the daily standing charge again sighting a sharp increase in their costs.
Let me guess . . . Covid, Brexit, Ukraine and now Palestine being the culprits.
Recently Director for Markets at Ofgem Tim Jarvis said: “Ofgem looked at the issue of standing charges with findings revealing a complex situation where there are winners and losers”
Winners – that’ll be the Energy companies.
Losers – that’ll be the rest of us.
Toothless Regulator OFGEM thanks for nothing.
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