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Iceberg ahead – Ofgem confirms default price cap

Robert Buckley Head of Retail and Relationship Development

Ofgem launched its statutory consultation for the design and implementation of the default tariff cap on 6 September (ES633). The decision  had been expected late August but in the end the regulator took extra time to assess the extensive feedback. As we commented at the time, the May consultation set a path that developed the CMA’s original 2016 methodology for its prepayment meter (PPM) cap. We suggested (ES620) that “it looks like we are headed towards a cap ...

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