Impacts of backwardation on the Default Tariff Cap

Dr Craig Lowrey joins Veronica Truman in our latest podcast. They talk about Ofgem’s decision to proceed with a backwardation allowance window of six months in the wholesale methodology when calculating the Default Tariff Cap. 

The timing of the decision is discussed, along with implications for suppliers and consumers. They also talk about how it impacts forecasts for the upcoming Default Tariff Cap levels. 

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