Billing
Standing charge
Flat annual amount charged by the supplier regardless of the kWh consumed; it must be pro-rated to the actual duration of supply.
Also known as: fixed fee, standing fee
Terms used in this definition
In the same category
- Annual statement
- Billing
- Closing invoice
- Compensation
- Energy component
- Excise duties
- Green certificate
- Grid tariff
- Injection tariff
- Instalment invoice
- Internal transfer price
- Protected customer
- Residual energy
- Social tariff
- Taxes
- VAT
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