UK energy regulator plans to introduce zero standing charge tariffs

(Reuters) - British energy regulator Ofgem on Thursday proposed that all energy suppliers offer tariffs with low or no standing charges, allowing consumers to pay these costs as part of their unit rate, to give them more flexibility in managing energy bills.

Ofgem, which is seeking feedback on the proposed price cap option, is aiming to make these tariffs available by next winter.

(Reporting by Radhika Anilkumar in Bengaluru; Editing by Shreya Biswas)