At present, while we have the ability to make changes to the default tariff cap (‘cap’) methodology and annex models, we cannot implement these changes outside of our six-month review cycle without a license modification. This consultation sets out proposals to modify the licence to introduce an ability for us to amend the cap outside of our routine six-month cycle, where exceptional circumstances (which are rare and would have high impacts without urgent action) occur. We consider this is important to enable us to manage the risks to the market and customers resulting from the interaction of the cap and changing market circumstances in the future.
We are seeking written responses by 17 December 2021.
Update 04/02/2022: We have now published responses to this consultation below on this page.