Friday 20 Nov 2020 @ 14:25
Ofgem
Printable version

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

Share this article

Latest News from
Ofgem

Ofgem penalises Hudson Energy Supply UK Ltd (HES) following serious overcharging of business customers

29/11/2023 15:10:00

Energy regulator Ofgem has today (Wednesday 29 November 2023) published the findings of a detailed and complex investigation, opened in July 2020, which has found ten breaches of Standard Licence Conditions (SLCs) by HES. 

Increased wholesale energy costs lead to rise in price cap

23/11/2023 16:10:00

Energy regulator Ofgem has today (Thursday 23 November, 2023) announced the energy price cap for the first quarter of 2024.  

Ofgem welcomes focus on grid connections and transmission network build in Autumn Statement

23/11/2023 13:15:00

Ofgem’s CEO Jonathan Brearley has welcomed the government’s Autumn Statement yesterday (22 November 2023).

Ofgem green lights regional energy planning roles to speed up net zero transition

17/11/2023 09:15:00

Ofgem recently announced it will create regional energy planning roles across Great Britain to improve local energy planning and speed up the transition to net zero.

Ofgem opens up conversation on energy standing charges, ahead of winter

16/11/2023 16:20:00

A call for input on the ‘standing charge’ – how it is applied to energy bills and what alternatives could be considered – has been launched today by Ofgem. 

Ofgem announces tough new policy to clear ‘zombie projects’ and cut waiting time for energy grid connection

14/11/2023 13:25:00

New rules to speed up electricity grid connections for viable projects and allow stalled or speculative developers to be forced out of the queue have been announced by Ofgem.

Energy suppliers pay a total of £10.8 million for not meeting smart meter installation targets for 2022

13/11/2023 15:15:00

Energy suppliers British Gas, OVO, Bulb, E.ON, Scottish Power and SSE will pay out a total of £10.8 million after missing smart meter installation targets for 2022.

New laws passed to bolster energy security and deliver net zero

26/10/2023 16:12:00

Landmark legislation becomes law to ensure bills are affordable in the long-term.

Ofgem proposes electricity generator EPSHB pays £23m

13/10/2023 15:25:00

Ofgem has today published notice that it intends to require electricity generator EP SHB Ltd to pay £23.63 million for breaching its generation licence in a way that unfairly raised consumers’ bills.