Unraveling the Utility Bill: Exorbitant Standing Charges and Inequality
Remarks from TPEX consultancy for decision makers.
The Fiscal Burden of Regressive Energy Costs
Written SH on 2023-10-02.
The evident issue of surging energy costs presents a dual challenge, one of both economic concern and societal justice. The relentless increase in energy expenses erodes the meager discretionary income that many in our society once enjoyed.
What amplifies this inequality is the elevated standing charge and the unique nature of the utility bill. This bill constitutes an inescapable, non-negotiable financial obligation that must be met without exception. These circumstances bring to the forefront the hazards and injustices associated with exorbitant standing charges, essentially amounting to a regressive tax.
As the domestic energy market experiences a near-complete collapse of competition, the government holds the power to redress the balance of fixed costs in energy generation and transmission within our society. By doing so, they can encourage price-in-use mechanisms that reward efficient energy consumption.
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