Statutory consultation on price protection data matching
Consultation
- Upcoming
- Open
- Closed (awaiting decision)
- Closed (with decision)
Publication date
Closing date
Industry sector
Supply and Retail Market
Related consultations
Decision
The energy market is not working for all consumers and those who have not switched tariff are losing out. Government is progressing a Bill through Parliament requiring Ofgem to implement a tariff cap for all customers on Standard Variable Tariffs (SVTs) and other default tariffs (‘the default tariff cap’). We are in the process of developing this cap, so that we can implement it as quickly as possible once the legislation has been passed. Our ambition is to introduce further retail price protection by the end of this year. In the event that Royal Assent for the default tariff cap bill is delayed, we are continuing work on an alternative targeted form for vulnerable customers that can be introduced without the new duties and powers contained in the bill.
To support this – and based on responses to our December consultation, stakeholder workshops and bi-laterals with suppliers and other third parties - we have concluded that it is feasible and proportionate for both Warm Home Discount obligated suppliers and also other medium-sized suppliers (those with more than 50,000 customers and who will have been active in the market for at least three years by winter 2018/19) to undertake data matching, if required for a form of price protection. This statutory consultation sets out the preparatory steps for these suppliers to design and test the data matching arrangements ahead of any future decisions on price protection.
Respond name
RetailPriceRegulation@ofgem.gov.uk