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Price Cap – Decision on the process for updating the Default Tariff Cap methodology and setting maximum charges

Content:
Decision
Publication date:
Topic:
Energy pricing rules
Sub Topic:
Energy price cap
Industry sector:
Supply and Retail Market

In November 2021, we consulted on proposals to modify the licence to allow us to make an in-period adjustment to the cap level in exceptional circumstances. Having reviewed stakeholder responses to this consultation, we have decided to proceed with the modification.

We have decided to implement a test framework that consists of a set of five qualitative criteria which will be guided by quantitative data. We expect an exceptional circumstance to meet our test framework to trigger an in-period adjustment.