Ofgem seeks views on the impact of coronavirus (COVID-19) on default tariff cap

Ofgem seeks views on the impact of coronavirus (COVID-19) on default tariff cap

The Office of Gas and Electricity Markets (Ofgem) has launched a policy consultation about the review of the potential impact of the coronavirus (COVID-19) pandemic on the default tariff cap. As the coronavirus crisis might have impacted suppliers’ costs, Ofgem is seeking views from suppliers and consumer groups as to whether it should adjust the default tariff cap. Stakeholders are invited to comment on the broad content of the consultation, which notably covers policy costs, debt-related costs for credit meter customers, issues related to prepayment meter customers and cost allowances as well as options to make required adjustments. Views can be submitted until 12 October 2020.

The consultation can be found here.

Source: Reviewing the potential impact of COVID-19 on the default tariff cap: September 2020 policy consultation

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