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Ofgem consults on COVID-19 costs for the next level of the energy price cap

Ofgem is consulting on its proposal that no further adjustment is required to account for the impact of COVID-19 for the default price cap from October 1 2021.

The consultation is open until 15 June 2021, with a final decision being published in early August before the next price cap update to take effect from 1 October 2021.

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About Ofgem   

Ofgem is Britain’s independent energy regulator. Our role is to protect consumers now and in the future by working to deliver a greener, fairer energy system. We do this by:   

  • Working with Government, industry and consumer groups to deliver a net zero economy at the lowest cost to consumers.   
  • Stamping out sharp and bad practice, ensuring fair treatment for all consumers, especially the vulnerable.   
  • Enabling competition and innovation, which drives down prices and results in new products and services for consumers.

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Channel website: https://www.ofgem.gov.uk/

Original article link: https://www.ofgem.gov.uk/publications-and-updates/ofgem-consults-covid-19-costs-next-level-energy-price-cap

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