How to find and compare no standing charge tariffs
If you take a look at your energy bill, you’ll most likely notice a ‘standing charge’ along with your gas and electricity usage.
However, did you know that there are energy tariffs available for both homes and businesses where a standing charge is not applied?
If your home or business has a low or infrequent energy usage, you could save money by switching to a no standing charge tariff.
To help you choose the right tariff for your needs, Love Energy Savings explain exactly what a standing charge is and the benefits of no standing charge tariffs.
How do I switch to a no standing charge tariff?
If your current energy tariff is up for renewal and you’d like to switch to a zero standing charge tariff, we can help you find the best deal for your needs. All you have to do is use our free comparison tool. Within a few moments, we’ll provide you with a range of options from our handpicked panel of energy suppliers.
Our services don’t stop there, we’ll be right by your side throughout the switching process, ensuring that you’re kept up to date on the progress of the switch.
It’s important to note that if you choose to switch before your current contract is up for renewal, you may be charged an exit fee.
How do standing charges work?
Your standing charge is a daily fee which you will pay regardless of how much energy you have used that day. Even if you consume no gas or electricity, you will still be required to pay a standing charge.
Domestic standing charges will often range between 5p and 60p for electricity and 10p and 80p for gas. Business standing charges can vary greatly depending on the supplier and tariff you choose. Electricity standing charges can be between 15p and 160p per day.
The added cost of standing charges has led to many customers seeking no standing charge tariffs.
You can find out more about how standing charges work by checking our guide to understanding standing charges.
What is a no standing charge energy tariff?
When selecting an energy tariff, you have the option of choosing an energy deal with no standing charge. This simply means that you will only be charged for the energy you use, instead of also paying a daily fee. Bear in mind, however, that zero standing charge tariffs often have higher unit rate costs.
What are the benefits of a no standing charge tariff & who are they best suited to?
There are several benefits of no standing charge tariffs. These include:
- No daily charges – you only pay for the energy you use
- Unit rates can be reduced once you use a certain amount of energy
Due to these advantages, a no standing charge tariff is typically best suited to properties that aren’t in frequent use. For instance, a home that is only occupied for a few months a year could benefit from a no standing charge tariff and will only be charged for the energy used when someone is present in the property.
Could homeowners save money with a no standing charge tariff?
The main benefit of a no standing charge is that you will only pay for the energy you use.
This can be ideal for anyone who owns a property they will not be using year-round, such as a holiday home. When you are not using the property, you will have little to no energy costs to pay.
However, choosing a no standing charge tariff will often mean you have to pay higher energy unit rates for the gas and electricity you do use.
Whether you can save money on your energy bills with a no standing charge tariff will depend on your individual circumstances.
Although high energy users would be unlikely to see savings, if your energy use over the year is relatively small, you could find savings with a no standing charge tariff.
Should businesses switch to no standing charge tariffs?
As with all energy tariff options, no standing charge business energy deals have their advantages and disadvantages.
Only paying for the energy you use can be particularly useful for seasonal businesses who may not operate at all for periods of the year. With a no standing charge tariff, you won’t be facing energy costs whilst the business isn’t operating.
Businesses which only open for a few days a week may also benefit from a no standing charge tariff.
However, as with domestic users, businesses will likely pay higher energy unit rates for the gas and electricity used. For high energy users, this comes mean an increase in your overall energy costs.
At Love Energy Savings, we have a team of business energy experts who can provide advice on choosing the right tariff when comparing business energy.
By switching your business energy with us, you will have a dedicated account manager to support you throughout the switching process.
Can I switch to a prepayment no standing charge tariff?
If your home uses a prepayment meter, you can still switch to a no standing charge tariff.
The pros and cons of a no standing charge tariff for customers who pre-pay for energy are much the same as any other tariff. You may face a higher unit rate and you should compare the full cost of your tariffs to find out how much you can save by switching.
How to switch to a no standing charge tariff with Love Energy Savings
At Love Energy Savings, we work with a wide range of suppliers to bring you the best possible choice when it comes to finding the right gas and electricity deal for you.
With our innovative energy comparison engine, you can even compare our best no standing charge tariffs. Our dedicated account managers will then handle the entire switching process on your behalf.
Try our free comparison tool to find out how much you could save by switching to a no standing charge today.
No Standing Charge Tariff FAQs
Where on my energy bill can I find the standing charge?
You can usually find your standing charge marked as units of daily usage on your bill.
What are the disadvantages of no standing charge tariffs?
The main disadvantage of tariffs with no standing charge is the higher unit costs. These expensive rates can cause your energy bills to rise if you use a significant amount of energy. Fixed-rate tariffs that include a standing charge tend to offer cheaper and more competitive unit rates.
Which suppliers offer no standing charge tariffs?
Most energy suppliers will offer a no standing charge option to their customers. With Love Energy Savings, you can compare our huge range of trusted energy suppliers in a matter of seconds.
To compare the latest no standing charge tariffs, simply complete our quick online energy comparison tool.