AI summary
Chancellor John Healey will abolish gas standing charges, saving 23 million households an average of £45 annually by removing an unfair daily fee.
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John Healey to end standing charges on gas bills for 23m homes
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As budget looms, chancellor says he will ask Ofgem to remove ‘unfair and outdated’ fixed daily fee in 2027 or soon afterBusiness live – latest updatesJohn Healey is abolishing standing charges on gas bills for 23m homes to end an “unfair and outdated” practice, saving households an average of £45 a year.Ahead of his first budget statement in the Commons later on Wednesday, the chancellor said he would ask Ofgem, the energy regulator for Great Britain, to remove these charges – which are £108 a year for the typical household – next year or as soon as possible after. Continue reading...
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