Price cap - November 2022 consultation on approach to reviewing the SMNCC allowances

This consultation concerns our updates to the smart metering allowances (the Smart Metering Net Cost Change or SMNCC allowances) for credit and PPM meters in the default tariff cap.



In this paper we consult on our proposal to pause annual SMNCC methodology reviews. We propose moving to a streamlined process, without annual consultations, in line with our approach to most other allowances. We also set out proposed technical changes to SMNCC modelling to reflect changes to price cap legislation.



We would like views from stakeholders with an interest in the default tariff cap. We particularly welcome responses from domestic energy suppliers, consumer groups and the public. If you wish to respond to this consultation, please send your views to retailpriceregulation@ofgem.gov.uk by Friday 23 December 2022.