Default tariff cap: policy consultation - overview

Publication date
25th May 2018
Closing date
25th June 2018
Policy areas
Status

On 26 February 2018, the Government introduced proposals for legislation to Parliament, to introduce a temporary tariff cap for customers on Standard Variable (SVT) and default tariffs. This proposed legislation creates a new statutory role for Ofgem to deliver this measure for Government. Ofgem will have a new duty to design and implement the tariff cap (the ‘default tariff cap’).

This consultation outlines our proposals for how we may design and implement the default tariff cap. This follows publication of five working papers on the design of the cap. This includes how we could set the initial level of the cap and how we might periodically adjust the cap up and down, to reflect underlying cost changes.

We are hosting a series of workshops during the consultation period. Please see links below for further information:

Ofgem's default tariff cap industry workshop

London – 12 June 2018, 10:00-16:00

Register here

Ofgem's default tariff cap consumer group and non industry workshop

London – 13 June 2018, 12:00-16:00

Register here