Regulator to consult industry on how to recover network costs via standing charge in a ‘more progressive’ way

Wealthier households could be made to shoulder higher costs for running and upgrading the UK’s network of energy cables and pipes to help low-income bill payers under new plans to be considered this summer.

The proposals could mean that high-income households will pay more via the standing charge on their energy bills, while those who are not in work or are on low pay are charged a discounted rate.

Continue reading…Energy bills, Household bills, Consumer affairs, Ofgem, BusinessRead More

You might also be interested in reading Moonpay Secures Wisconsin License, Expands Crypto Payment Reach in United States.