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Issue 806 | Ofgem Working Paper: Setting the Default Tariff Cap

Issue 806 | Ofgem Working Paper: Setting the Default Tariff Cap

Vicky Simonds Vicky Simonds Team Lead

Ofgem Working Paper: Setting the Default Tariff Cap 16 March 2018 Headline Assessment 1 Assessment & recommendation On 12 March Ofgem published the first in a series of working papers on the design of the government’s default tariff cap. Through this paper the regulator discusses a range of proposed approaches to estimating efficient costs for setting the cap, with four proposed options: an updated competitive reference price; a “basket of market tariffs” approach; the existing safeguard tariff benchmark; and a bottom-up cost assessment. The paper also looks at the legislative framework and the matters that Ofgem must have regard to ...

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