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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 related to the default tariff price cap: Updating the allowance for smart metering costs working paper and Setting the PPM smart meter cost allowance working paper.

Further information

For investors:

Aidan.Stringfellow@ofgem.gov.uk   |   07387 049764

For media:

Michelle.Amos@ofgem.gov.uk   |   020 7901 1881/ 07928 829 894

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

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

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