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Energy price cap wholesale costs review

Consultation status:
Closed (with decision)
Publication date:
Closed date:
Topic:
Energy pricing rules
  • ➞ Energy price cap
Industry sector:
Supply and Retail Market

Decision:

We want to hear your views about our proposals for the wholesale costs included in the energy price cap.

This consultation looks at our proposals to:

  • not adjust the level of future energy price caps for differences between wholesale allowances and wholesale costs between October 2022 to September 2023
  • conduct reviews of a range of wholesale allowance topics over the medium term
  • make technical changes to the wholesale cost allowance (Annex 2) model, which we publish alongside each energy price cap announcement

Who should respond?

  • Energy suppliers
  • Consumer groups and charities
  • Customers

How to respond

Please send your feedback by Wednesday 17 January 2024. You can share your views by emailing priceprotectionpolicy@ofgem.gov.uk.

Respond name

Dan Norton