Overview of 4 February 2022 Price Cap decisions

Reports, plans and updates

Publication date

Industry sector

Supply and Retail Market

Today Ofgem has published a range of decision documents relating to the default tariff cap (the ‘cap’) methodology. Following consultations with industry stakeholders, we have made routine methodology decisions to ensure that the cap better reflects the costs of supplying energy, as well as decisions in response to the recent wholesale market volatility and to allow the cap to respond flexibly to exceptional or unprecedented market changes in the future.

This page summarises the package of decisions we have made, in addition to guidance for suppliers on treatment of reasonable risk management practices in future default tariff cap proposals.

Included in this bundle of documents related to the cap is:

Going forward

The above decisions will come into effect from cap period eight, starting 1 April 2022.

In addition to these, we have also announced today: