Lower standing charge tariffs set to be available by end of January, says Ofgem

If given the go-ahead, the new tariffs could be available by the end of January (Jacob King/PA) - (PA Wire)

Energy suppliers will be made to offer at least one tariff with lower standing charges as soon as January under plans confirmed by the industry regulator, but it ditched proposals to remove the fixed costs entirely for some deals.

Ofgem said it wants to give consumers more choice on how they pay standing charges, with the plans set to allow households to pay the costs as part of their unit rate by lowering the daily fixed amount.