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


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.