FSB urges Ofgem to act over soaring standing changes for energy

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The Federation of Small Businesses has called for energy regulator Ofgem to take action on the standing charges paid by small businesses, many of whom have seen soaring daily fixed prices.

The Federation is backing up requests from Ministers to Ofgem chief exec Jonathan Brearley that he ensures energy bills are fair an affordable, and has told him he must recognise the “specific, negative impact standing charges are having on small firms”.

FSB’s Policy Chair Tina McKenzie said: “We want Ofgem to do a thorough review of standing charges for businesses as well as consumers, for better transparency and to discern whether energy companies are behaving fairly towards their small firm clients.

“Small business energy customers behave in a way more akin to consumers than big businesses, lacking the resources, the expertise and the buying power necessary to get the best possible deal out of their energy suppliers. However, they do not benefit from anything like the same level of protection as that rightly available to households, leaving them caught between two stools.

“Many small businesses could be forgiven for suspecting that they have been seen as something of a soft target for price hikes in their standing charges, and they

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