The purpose of this open letter is to recap on the need for intervention in this space, and to outline our emerging thinking around the scope of credit balances and RO payments to be protected, specific approaches and mechanisms that can be used to achieve this and potential transition arrangements, ahead of a statutory consultation later in the spring.
We have been engaging with suppliers and customer groups bi-laterally and via workshops as our thinking has developed. This letter is intended to complement that process and bring our thinking together as we continue to directly engage with stakeholders in parallel. It is not intended to be a formal consultation, but we will consider any representations received as we work towards a statutory consultation. Any such representations should be sent by Tuesday 3 May 2022.