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Octopus is beginning the battle against standing charges by slashing four percent off these charges on people's energy bills.
It is also introducing standing charge holidays for customers who need it most and claims Britons will no longer be penalised for having a pre-payment meter.
Greg Jackson, CEO and founder of Octopus Energy said: “High standing charges are egregious. This £40million package is the beginning of our battle to bring them down.
"Far too many costs have been loaded onto standing charges - from grid and distribution charges to failed suppliers."
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