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Friday 20 November, 2020

OFGEM

Ofgem consults on COVID-19 costs in price cap

RNS Number : 9305F
OFGEM
20 November 2020
 

Ofgem consults on COVID-19 costs in energy price cap

 

Ofgem is consulting on proposals to amend the default tariff price cap's 'Adjustment Allowance' from April 1 2021 to account for the impact of COVID-19 on the efficient costs of supplying domestic default tariff customers.

The consultation is open until 21 December 2020. Ofgem will publish a final decision early in February 2021 shortly before announcing the next price cap update to take effect from April 1 2021.

Ofgem is also publishing two further documents relating to the default tariff price cap. More information here.

Further information

For investors:

[email protected]

07387 049764

For media:

Michelle.Amos @ofgem.gov.uk

020 7901 1881/ 07928 829 894

 

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