Statutory Consultation on the process for modifying the Default Tariff Cap
Consultation
- Upcoming
- Open
- Closed (awaiting decision)
- Closed (with decision)
Publication date
Closing date
Industry sector
Supply and Retail Market
Decision
In this consultation we propose to modify Standard Licence Condition (SLC) 28AD in the gas and electricity supply licences, so that when we calculate the Benchmark Maximum Charges (“Cap level”) for an upcoming Charge Restriction Period (“Cap period”) of the Default Tariff Cap (“the Cap”), we would use the licence conditions that will have effect in that upcoming Cap period, notwithstanding that those conditions may not have effect at the time of the announcement.
Our proposal seeks to align the provisions of the licence and the 56 day period as required by the Act.
If you wish to respond to this consultation, please send representations to retailpriceregulation@ofgem.gov.uk before close of business, Monday 24 February 2020.