Letter from Jonathan Brearley to the Chancellor and Secretary of State for Business, Energy and Industrial Strategy on the Default Tariff Cap

Correspondence and other

Publication date

Industry sector

Supply and Retail Market

Given the legitimate and very understandable public interest in the cost of energy, and the scale of the likely increase in the level of the energy price cap in the autumn, we believe it is important to provide this update on the likely level of the price cap in October 2022, before it is formally announced in the summer.

While we fully appreciate that this will be unwelcome news for consumers, we hope it will at least provide greater certainty about likely future energy costs and help government provide the support that might be needed.