Response to Ofgem consultation on medium term changes to the price cap methodology

Response to Ofgem consultation on medium term changes to the price cap methodology [ 220 kb]

Ofgem was consulting on medium term changes to the energy price cap that are intended to reduce the risk of supplier failure. We expressed support for the option of moving to a quarterly price cap. We argued that an alternative proposal of moving to fixed term 12 month default tariffs would increase risk compared to the status quo and should not be pursued.