Energy price cap: additional debt costs review decision

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We asked for views and feedback on our proposals in the December 2023 consultation on making a temporary adjustment to the cap to allow for additional debt related costs incurred across industry between April 2022 and March 2024.

We have decided to apply a temporary adjustment to the price cap. Initially we will set a float adjustment which will apply to the price cap from 1 April 2024, for 12 months. We aim to deliver a true-up process by April 2025. We have also decided on a benchmarking approach for debt-related costs, and our associated considerations.

Main document

[Energy price cap additional debt costs review decision [PDF, 1.05MB]

](https://www.ofgem.gov.uk/sites/default/files/2024-02/Energy-price-cap-additional-debt-costs-review-decision.pdf)

Subsidiary documents

[Annex 8 adjustment allowance methodology v1.10.2 [XLSX, 0.98MB]

](https://www.ofgem.gov.uk/sites/default/files/2024-02/Annex_8_adjustment_allowance_methodology_v1.10.2.xlsx)

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